The annual salary statistics of loan officers in Utica-Rome, New York is shown in Table 1. The wage information of loan officers in Utica-Rome is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $38,810 |
| 25th Percentile Wage | $40,100 |
| 50th Percentile Wage | $51,930 |
| 75th Percentile Wage | $73,640 |
| 90th Percentile Wage | $103,030 |
Table 1 shows the average annual salary for loan officers in Utica-Rome, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,030. The median (50th percentile) annual salary is $51,930. The average annual salary for the bottom 10 percent earners is $38,810.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $51,930 | -16.60% | -23.90% |
| 2021 | $60,550 | 10.55% | - |
| 2020 | $54,160 | -31.39% | - |
| 2019 | $71,160 | 14.04% | - |
| 2018 | $61,170 | -8.88% | - |
| 2017 | $66,600 | 24.19% | - |
| 2016 | $50,490 | -0.61% | - |
| 2015 | $50,800 | 4.76% | - |
| 2014 | $48,380 | -21.21% | - |
| 2013 | $58,640 | -9.72% | - |
| 2012 | $64,340 | - | - |
From Table 3 we note that with a median annual salary of $51,930, Utica-Rome is the lowest paying city for loan officers in state of New York, following city of Elmira (median annual salary of $96,210). Compared with the highest paying city Elmira, the median annual salary of loan officers in Utica-Rome is 46.0 percent (46.0%) lower.