The annual salary statistics of loan officers in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage data of loan officers in Philadelphia-Camden-Wilmington 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 | $38,790 |
| 25th Percentile Wage | $56,580 |
| 50th Percentile Wage | $79,300 |
| 75th Percentile Wage | $100,650 |
| 90th Percentile Wage | $154,490 |
Table 1 shows the average annual salary for loan officers in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,490. The median (50th percentile) annual salary is $79,300. The average annual salary for the bottom 10 percent earners is $38,790.
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 | $79,300 | 4.11% | 20.81% |
| 2021 | $76,040 | 13.95% | - |
| 2020 | $65,430 | 3.93% | - |
| 2019 | $62,860 | -4.30% | - |
| 2018 | $65,560 | -2.52% | - |
| 2017 | $67,210 | -3.54% | - |
| 2016 | $69,590 | 4.05% | - |
| 2015 | $66,770 | 3.25% | - |
| 2014 | $64,600 | -3.58% | - |
| 2013 | $66,910 | 6.14% | - |
| 2012 | $62,800 | - | - |
From Table 3 we note that with a median annual salary of $79,300, Philadelphia-Camden-Wilmington is the second highest paying city for loan officers in state of Pennsylvania, following the highest paying city Allentown-Bethlehem-Easton (median annual salary of $80,100). Compared with Allentown-Bethlehem-Easton, the median annual salary of loan officers in Philadelphia-Camden-Wilmington is 1.0 percent (1.0%) lower.