The annual salary statistics of loan officers in Burlington-South Burlington, Vermont is shown in Table 1. The wage information of loan officers in Burlington-South Burlington 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 | $26,100 |
| 25th Percentile Wage | $50,010 |
| 50th Percentile Wage | $75,650 |
| 75th Percentile Wage | $100,610 |
| 90th Percentile Wage | $129,190 |
Table 1 shows the average annual salary for loan officers in Burlington-South Burlington, Vermont in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $129,190. The median (50th percentile) annual salary is $75,650. The average annual salary for the bottom 10 percent earners is $26,100.
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 | $75,650 | 19.46% | 33.32% |
| 2021 | $60,930 | -15.12% | - |
| 2020 | $70,140 | -3.36% | - |
| 2019 | $72,500 | 5.81% | - |
| 2018 | $68,290 | 4.85% | - |
| 2017 | $64,980 | 6.14% | - |
| 2016 | $60,990 | 4.71% | - |
| 2015 | $58,120 | -10.55% | - |
| 2014 | $64,250 | 12.45% | - |
| 2013 | $56,250 | 10.33% | - |
| 2012 | $50,440 | - | - |
From Table 3 we note that with a median annual salary of $75,650, Burlington-South Burlington is the highest paying city for loan officers in state of Vermont, followed by Southern Vermont nonmetropolitan area (median annual salary $61,110). In comparison, the median annual salary of loan officers in Burlington-South Burlington is 19.2 percent (19.2%) higher than that in Southern Vermont nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Burlington-South Burlington | |
| Southern Vermont nonmetropolitan area | |
| Northern Vermont nonmetropolitan area |