The annual salary statistics of loan officers in Chambersburg-Waynesboro, Pennsylvania is shown in Table 1. The wage statistics of loan officers in Chambersburg-Waynesboro 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 | $33,890 |
| 25th Percentile Wage | $49,870 |
| 50th Percentile Wage | $61,480 |
| 75th Percentile Wage | $82,190 |
| 90th Percentile Wage | $100,500 |
Table 1 shows the average annual salary for loan officers in Chambersburg-Waynesboro, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $100,500. The median (50th percentile) annual salary is $61,480. The average annual salary for the bottom 10 percent earners is $33,890.
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 | $61,480 | 0.67% | 7.43% |
| 2021 | $61,070 | -9.87% | - |
| 2020 | $67,100 | 1.22% | - |
| 2019 | $66,280 | -1.54% | - |
| 2018 | $67,300 | 12.30% | - |
| 2017 | $59,020 | 3.58% | - |
| 2016 | $56,910 | 10.42% | - |
| 2015 | $50,980 | -11.63% | - |
| 2012 | $56,910 | - | - |
From Table 3 we note that the median annual salary of $61,480 in Chambersburg-Waynesboro is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Chambersburg-Waynesboro is 23.2 percent (23.2%) lower than that in the highest paying Allentown-Bethlehem-Easton and 22.8 percent (22.8%) higher than that in the lowest paying East Stroudsburg.