The annual salary statistics of loan officers in Texarkana-Texarkana, Texas is shown in Table 1. The wage data of loan officers in Texarkana-Texarkana 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 | $29,830 |
| 25th Percentile Wage | $43,840 |
| 50th Percentile Wage | $57,430 |
| 75th Percentile Wage | $75,270 |
| 90th Percentile Wage | $101,520 |
Table 1 shows the average annual salary for loan officers in Texarkana-Texarkana, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $101,520. The median (50th percentile) annual salary is $57,430. The average annual salary for the bottom 10 percent earners is $29,830.
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 | $57,430 | 12.50% | 18.51% |
| 2021 | $50,250 | -61.87% | - |
| 2020 | $81,340 | 13.51% | - |
| 2019 | $70,350 | 5.94% | - |
| 2018 | $66,170 | 13.06% | - |
| 2017 | $57,530 | -0.28% | - |
| 2016 | $57,690 | -10.52% | - |
| 2015 | $63,760 | -3.07% | - |
| 2014 | $65,720 | -5.74% | - |
| 2013 | $69,490 | 32.65% | - |
| 2012 | $46,800 | - | - |
From Table 3 we note that the median annual salary of $57,430 in Texarkana-Texarkana is in the middle of salary range for loan officers in state of Texas. In comparison, the annual salary of loan officers in Texarkana-Texarkana is 24.2 percent (24.2%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 21.1 percent (21.1%) higher than that in the lowest paying Laredo.