The annual salary statistics of loan officers in Central Utah nonmetropolitan area, Utah is shown in Table 1. The wage data of loan officers in Central Utah nonmetropolitan area 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 | $36,900 |
| 25th Percentile Wage | $44,990 |
| 50th Percentile Wage | $76,640 |
| 75th Percentile Wage | $93,820 |
| 90th Percentile Wage | $126,890 |
Table 1 shows the average annual salary for loan officers in Central Utah nonmetropolitan area, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $126,890. The median (50th percentile) annual salary is $76,640. The average annual salary for the bottom 10 percent earners is $36,900.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2022 | $76,640 | 21.78% | 33.43% |
| 2021 | $59,950 | 9.97% | - |
| 2020 | $53,970 | 2.59% | - |
| 2019 | $52,570 | 2.95% | - |
| 2018 | $51,020 | - | - |
From Table 3 we note that with a median annual salary of $76,640, Central Utah nonmetropolitan area is the highest paying city for loan officers in state of Utah, followed by South Western Utah nonmetropolitan area (median annual salary $74,260). In comparison, the median annual salary of loan officers in Central Utah nonmetropolitan area is 3.1 percent (3.1%) higher than that in South Western Utah nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Central Utah nonmetropolitan area | |
| South Western Utah nonmetropolitan area | |
| St George | |
| Eastern Utah nonmetropolitan area | |
| Salt Lake City | |
| Ogden-Clearfield | |
| Eastern Utah nonmetropolitan area | |
| Logan | |
| Provo-Orem | |
| West Central Utah nonmetropolitan area | |
| Northern Utah nonmetropolitan area |