The annual salary statistics of loan officers in Southeastern Oklahoma nonmetropolitan area, Oklahoma is shown in Table 1. The wage data of loan officers in Southeastern Oklahoma nonmetropolitan area 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 | $37,170 |
| 25th Percentile Wage | $47,600 |
| 50th Percentile Wage | $65,160 |
| 75th Percentile Wage | $90,020 |
| 90th Percentile Wage | $120,270 |
Table 1 shows the average annual salary for loan officers in Southeastern Oklahoma nonmetropolitan area, Oklahoma in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $120,270. The median (50th percentile) annual salary is $65,160. The average annual salary for the bottom 10 percent earners is $37,170.
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 | $65,160 | 5.62% | 27.04% |
| 2021 | $61,500 | 14.23% | - |
| 2020 | $52,750 | 1.18% | - |
| 2019 | $52,130 | -6.69% | - |
| 2018 | $55,620 | -1.51% | - |
| 2017 | $56,460 | 0.58% | - |
| 2016 | $56,130 | 11.35% | - |
| 2015 | $49,760 | -1.23% | - |
| 2014 | $50,370 | 8.85% | - |
| 2013 | $45,910 | -3.55% | - |
| 2012 | $47,540 | - | - |
From Table 3 we note that with a median annual salary of $65,160, Southeastern Oklahoma nonmetropolitan area is the second highest paying city for loan officers in state of Oklahoma, following the highest paying city Northeastern Oklahoma nonmetropolitan area (median annual salary of $77,850). Compared with Northeastern Oklahoma nonmetropolitan area, the median annual salary of loan officers in Southeastern Oklahoma nonmetropolitan area is 16.3 percent (16.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northeastern Oklahoma nonmetropolitan area | |
| Southeastern Oklahoma nonmetropolitan area | |
| Tulsa | |
| Enid | |
| Fort Smith | |
| Southwestern Oklahoma nonmetropolitan area | |
| Oklahoma City | |
| Northwestern Oklahoma nonmetropolitan area | |
| Lawton |