The annual salary statistics of loan officers in Kingsport-Bristol-Bristol, Virginia is shown in Table 1. The wage information of loan officers in Kingsport-Bristol-Bristol 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 | $37,800 |
| 25th Percentile Wage | $48,460 |
| 50th Percentile Wage | $60,470 |
| 75th Percentile Wage | $76,640 |
| 90th Percentile Wage | $99,900 |
Table 1 shows the average annual salary for loan officers in Kingsport-Bristol-Bristol, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,900. The median (50th percentile) annual salary is $60,470. The average annual salary for the bottom 10 percent earners is $37,800.
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 | $60,470 | 18.55% | 30.41% |
| 2021 | $49,250 | -12.93% | - |
| 2020 | $55,620 | 4.98% | - |
| 2019 | $52,850 | -6.32% | - |
| 2018 | $56,190 | -0.61% | - |
| 2017 | $56,530 | 18.77% | - |
| 2016 | $45,920 | 4.64% | - |
| 2015 | $43,790 | 12.17% | - |
| 2014 | $38,460 | -15.26% | - |
| 2013 | $44,330 | 5.08% | - |
| 2012 | $42,080 | - | - |
From Table 3 we note that the median annual salary of $60,470 in Kingsport-Bristol-Bristol is in the middle of salary range for loan officers in state of Virginia. In comparison, the annual salary of loan officers in Kingsport-Bristol-Bristol is 22.7 percent (22.7%) lower than that in the highest paying Charlottesville and 27.5 percent (27.5%) higher than that in the lowest paying Danville.