The annual salary statistics of loan officers in Ogden-Clearfield, Utah is shown in Table 1. The wage statistics of loan officers in Ogden-Clearfield 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 | $35,530 |
| 25th Percentile Wage | $38,560 |
| 50th Percentile Wage | $50,290 |
| 75th Percentile Wage | $78,480 |
| 90th Percentile Wage | $101,620 |
Table 1 shows the average annual salary for loan officers in Ogden-Clearfield, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $101,620. The median (50th percentile) annual salary is $50,290. The average annual salary for the bottom 10 percent earners is $35,530.
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 | $50,290 | 3.96% | 7.99% |
| 2021 | $48,300 | -0.46% | - |
| 2020 | $48,520 | 5.30% | - |
| 2019 | $45,950 | 6.72% | - |
| 2018 | $42,860 | 9.05% | - |
| 2017 | $38,980 | -9.95% | - |
| 2016 | $42,860 | -12.97% | - |
| 2015 | $48,420 | -1.82% | - |
| 2014 | $49,300 | -9.74% | - |
| 2013 | $54,100 | 14.47% | - |
| 2012 | $46,270 | - | - |
From Table 3 we note that the median annual salary of $50,290 in Ogden-Clearfield is in the middle of salary range for loan officers in state of Utah. In comparison, the annual salary of loan officers in Ogden-Clearfield is 34.4 percent (34.4%) lower than that in the highest paying Central Utah nonmetropolitan area and 26.3 percent (26.3%) higher than that in the lowest paying Northern Utah nonmetropolitan area.