The annual salary statistics of loan officers in Austin-Round Rock-San Marcos, Texas is shown in Table 1. The wage data of loan officers in Austin-Round Rock-San Marcos 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 | $27,620 |
| 25th Percentile Wage | $45,840 |
| 50th Percentile Wage | $73,600 |
| 75th Percentile Wage | $101,540 |
| 90th Percentile Wage | $130,850 |
Table 1 shows the average annual salary for loan officers in Austin-Round Rock-San Marcos, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,850. The median (50th percentile) annual salary is $73,600. The average annual salary for the bottom 10 percent earners is $27,620.
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 | $73,600 | 13.78% | 15.22% |
| 2021 | $63,460 | -16.29% | - |
| 2020 | $73,800 | 13.46% | - |
| 2019 | $63,870 | -10.74% | - |
| 2017 | $70,730 | -6.77% | - |
| 2015 | $75,520 | 13.07% | - |
| 2014 | $65,650 | 6.53% | - |
| 2013 | $61,360 | -1.69% | - |
| 2012 | $62,400 | - | - |
From Table 3 we note that the median annual salary of $73,600 in Austin-Round Rock-San Marcos is in the middle of salary range for loan officers in state of Texas. In comparison, the annual salary of loan officers in Austin-Round Rock-San Marcos is 2.8 percent (2.8%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 38.5 percent (38.5%) higher than that in the lowest paying Laredo.