The annual salary statistics of loan officers in York-Hanover, Pennsylvania is shown in Table 1. The wage data of loan officers in York-Hanover 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 | $37,920 |
| 25th Percentile Wage | $45,020 |
| 50th Percentile Wage | $60,530 |
| 75th Percentile Wage | $78,560 |
| 90th Percentile Wage | $104,860 |
Table 1 shows the average annual salary for loan officers in York-Hanover, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $104,860. The median (50th percentile) annual salary is $60,530. The average annual salary for the bottom 10 percent earners is $37,920.
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 | $60,530 | 0.68% | 7.48% |
| 2021 | $60,120 | -0.48% | - |
| 2020 | $60,410 | 9.44% | - |
| 2019 | $54,710 | 1.75% | - |
| 2018 | $53,750 | 7.46% | - |
| 2017 | $49,740 | -21.65% | - |
| 2016 | $60,510 | 5.37% | - |
| 2015 | $57,260 | -11.47% | - |
| 2014 | $63,830 | 14.27% | - |
| 2013 | $54,720 | -2.34% | - |
| 2012 | $56,000 | - | - |
From Table 3 we note that the median annual salary of $60,530 in York-Hanover is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in York-Hanover is 24.4 percent (24.4%) lower than that in the highest paying Allentown-Bethlehem-Easton and 21.6 percent (21.6%) higher than that in the lowest paying East Stroudsburg.