The annual salary statistics of loan officers in Scranton--Wilkes-Barre, Pennsylvania is shown in Table 1. The wage data of loan officers in Scranton--Wilkes-Barre 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 | $38,270 |
| 25th Percentile Wage | $46,990 |
| 50th Percentile Wage | $63,810 |
| 75th Percentile Wage | $79,320 |
| 90th Percentile Wage | $103,310 |
Table 1 shows the average annual salary for loan officers in Scranton--Wilkes-Barre, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,310. The median (50th percentile) annual salary is $63,810. The average annual salary for the bottom 10 percent earners is $38,270.
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 | $63,810 | 2.34% | 14.23% |
| 2021 | $62,320 | 16.70% | - |
| 2019 | $51,910 | 6.11% | - |
| 2018 | $48,740 | 1.97% | - |
| 2017 | $47,780 | -4.96% | - |
| 2016 | $50,150 | -10.93% | - |
| 2015 | $55,630 | -6.26% | - |
| 2014 | $59,110 | -3.52% | - |
| 2013 | $61,190 | 10.56% | - |
| 2012 | $54,730 | - | - |
From Table 3 we note that the median annual salary of $63,810 in Scranton--Wilkes-Barre is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Scranton--Wilkes-Barre is 20.3 percent (20.3%) lower than that in the highest paying Allentown-Bethlehem-Easton and 25.6 percent (25.6%) higher than that in the lowest paying East Stroudsburg.