The annual salary statistics of loan officers in Staunton-Waynesboro, Virginia is shown in Table 1. The wage data of loan officers in Staunton-Waynesboro 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 | $38,230 |
| 25th Percentile Wage | $48,520 |
| 50th Percentile Wage | $73,740 |
| 75th Percentile Wage | $92,770 |
| 90th Percentile Wage | $150,880 |
Table 1 shows the average annual salary for loan officers in Staunton-Waynesboro, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $150,880. The median (50th percentile) annual salary is $73,740. The average annual salary for the bottom 10 percent earners is $38,230.
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 | $73,740 | 15.41% | 33.67% |
| 2021 | $62,380 | 37.30% | - |
| 2020 | $39,110 | -21.20% | - |
| 2019 | $47,400 | 5.49% | - |
| 2018 | $44,800 | -86.79% | - |
| 2017 | $83,680 | 41.55% | - |
| 2016 | $48,910 | 0.74% | - |
| 2015 | $48,550 | -0.74% | - |
| 2012 | $48,910 | - | - |
From Table 3 we note that the median annual salary of $73,740 in Staunton-Waynesboro is in the middle of salary range for loan officers in state of Virginia. In comparison, the annual salary of loan officers in Staunton-Waynesboro is 5.7 percent (5.7%) lower than that in the highest paying Charlottesville and 40.5 percent (40.5%) higher than that in the lowest paying Danville.