The annual salary statistics of loan officers in Youngstown-Warren-Boardman, Pennsylvania is shown in Table 1. The wage data of loan officers in Youngstown-Warren-Boardman 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 | $29,900 |
| 25th Percentile Wage | $39,090 |
| 50th Percentile Wage | $54,710 |
| 75th Percentile Wage | $74,190 |
| 90th Percentile Wage | $107,570 |
Table 1 shows the average annual salary for loan officers in Youngstown-Warren-Boardman, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $107,570. The median (50th percentile) annual salary is $54,710. The average annual salary for the bottom 10 percent earners is $29,900.
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 | $54,710 | 10.64% | 11.00% |
| 2021 | $48,890 | -11.70% | - |
| 2020 | $54,610 | 2.78% | - |
| 2019 | $53,090 | 17.80% | - |
| 2018 | $43,640 | 1.15% | - |
| 2017 | $43,140 | -1.32% | - |
| 2016 | $43,710 | -19.26% | - |
| 2015 | $52,130 | 0.08% | - |
| 2014 | $52,090 | 2.36% | - |
| 2013 | $50,860 | 4.27% | - |
| 2012 | $48,690 | - | - |
From Table 3 we note that the median annual salary of $54,710 in Youngstown-Warren-Boardman is in the middle of salary range for loan officers in state of Pennsylvania. In comparison, the annual salary of loan officers in Youngstown-Warren-Boardman is 31.7 percent (31.7%) lower than that in the highest paying Allentown-Bethlehem-Easton and 13.3 percent (13.3%) higher than that in the lowest paying East Stroudsburg.