The annual and hourly salary statistics of loan officers in Lancaster, Pennsylvania are shown in Table 1 and Table 2, respectively. The wage data of loan officers in Lancaster is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $36,270 |
| 25th Percentile Wage | $44,560 |
| 50th Percentile Wage | $56,690 |
| 75th Percentile Wage | $74,110 |
| 90th Percentile Wage | $99,520 |
Table 1 shows the average annual salary for loan officers in Lancaster, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,520. The median (50th percentile) annual salary is $56,690. The average annual salary for the bottom 10 percent earners is $36,270.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $56,690 | -9.01% | 10.11% |
| 2016 | $61,800 | -13.01% | - |
| 2015 | $69,840 | -13.06% | - |
| 2014 | $78,960 | 26.68% | - |
| 2013 | $57,890 | 11.97% | - |
| 2012 | $50,960 | - | - |
From Table 3 we note that the median annual salary of $56,690 in Lancaster is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Lancaster is 24.3 percent (24.3%) lower than that in the highest paying Newark-Union and 23.9 percent (23.9%) higher than that in the lowest paying Youngstown-Warren-Boardman.
