The annual salary statistics of loan officers in Northern Vermont nonmetropolitan area, Vermont is shown in Table 1. The wage data of loan officers in Northern Vermont 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 | $40,630 |
| 25th Percentile Wage | $49,660 |
| 50th Percentile Wage | $61,100 |
| 75th Percentile Wage | $81,990 |
| 90th Percentile Wage | $98,420 |
Table 1 shows the average annual salary for loan officers in Northern Vermont nonmetropolitan area, Vermont in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $98,420. The median (50th percentile) annual salary is $61,100. The average annual salary for the bottom 10 percent earners is $40,630.
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 | $61,100 | 18.79% | -8.92% |
| 2021 | $49,620 | -12.41% | - |
| 2020 | $55,780 | -9.65% | - |
| 2019 | $61,160 | 4.64% | - |
| 2018 | $58,320 | -23.75% | - |
| 2017 | $72,170 | -8.62% | - |
| 2016 | $78,390 | 1.49% | - |
| 2015 | $77,220 | -5.13% | - |
| 2014 | $81,180 | 12.58% | - |
| 2013 | $70,970 | 6.23% | - |
| 2012 | $66,550 | - | - |
From Table 3 we note that with a median annual salary of $61,100, Northern Vermont nonmetropolitan area is the lowest paying city for loan officers in state of Vermont, following city of Burlington-South Burlington (median annual salary of $75,650). Compared with the highest paying city Burlington-South Burlington, the median annual salary of loan officers in Northern Vermont nonmetropolitan area is 19.2 percent (19.2%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Burlington-South Burlington | |
| Southern Vermont nonmetropolitan area | |
| Northern Vermont nonmetropolitan area |