The annual salary statistics of loan officers in Watertown-Fort Drum, New York is shown in Table 1. The wage information of loan officers in Watertown-Fort Drum 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 | $37,900 |
| 25th Percentile Wage | $45,770 |
| 50th Percentile Wage | $69,890 |
| 75th Percentile Wage | $99,460 |
| 90th Percentile Wage | $164,230 |
Table 1 shows the average annual salary for loan officers in Watertown-Fort Drum, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $164,230. The median (50th percentile) annual salary is $69,890. The average annual salary for the bottom 10 percent earners is $37,900.
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 | $69,890 | -6.80% | 21.91% |
| 2021 | $74,640 | -12.06% | - |
| 2020 | $83,640 | 22.42% | - |
| 2019 | $64,890 | 32.62% | - |
| 2018 | $43,720 | 0.73% | - |
| 2017 | $43,400 | -25.76% | - |
| 2016 | $54,580 | -15.59% | - |
| 2015 | $63,090 | 13.49% | - |
| 2012 | $54,580 | - | - |
From Table 3 we note that the median annual salary of $69,890 in Watertown-Fort Drum is in the middle of salary range for loan officers in state of New York. In comparison, the annual salary of loan officers in Watertown-Fort Drum is 27.4 percent (27.4%) lower than that in the highest paying Elmira and 25.7 percent (25.7%) higher than that in the lowest paying Utica-Rome.