The annual salary statistics of loan officers in Sherman-Denison, Texas is shown in Table 1. The wage statistics of loan officers in Sherman-Denison 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 | $35,550 |
| 25th Percentile Wage | $50,320 |
| 50th Percentile Wage | $67,770 |
| 75th Percentile Wage | $93,130 |
| 90th Percentile Wage | $121,410 |
Table 1 shows the average annual salary for loan officers in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $121,410. The median (50th percentile) annual salary is $67,770. The average annual salary for the bottom 10 percent earners is $35,550.
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 | $67,770 | -11.64% | 30.15% |
| 2021 | $75,660 | 9.64% | - |
| 2020 | $68,370 | 0.03% | - |
| 2019 | $68,350 | -7.49% | - |
| 2018 | $73,470 | -3.33% | - |
| 2017 | $75,920 | -1.09% | - |
| 2016 | $76,750 | -3.13% | - |
| 2015 | $79,150 | 11.18% | - |
| 2014 | $70,300 | 21.21% | - |
| 2013 | $55,390 | 14.53% | - |
| 2012 | $47,340 | - | - |
From Table 3 we note that the median annual salary of $67,770 in Sherman-Denison is in the middle of salary range for loan officers in state of Texas. In comparison, the annual salary of loan officers in Sherman-Denison is 10.5 percent (10.5%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 33.2 percent (33.2%) higher than that in the lowest paying Laredo.