The annual salary statistics of loan officers in Bremerton-Silverdale, Washington is shown in Table 1. The wage statistics of loan officers in Bremerton-Silverdale 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 | $31,760 |
| 25th Percentile Wage | $48,900 |
| 50th Percentile Wage | $62,360 |
| 75th Percentile Wage | $93,490 |
| 90th Percentile Wage | $127,960 |
Table 1 shows the average annual salary for loan officers in Bremerton-Silverdale, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $127,960. The median (50th percentile) annual salary is $62,360. The average annual salary for the bottom 10 percent earners is $31,760.
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 | $62,360 | 5.92% | 7.73% |
| 2021 | $58,670 | -11.23% | - |
| 2020 | $65,260 | 22.40% | - |
| 2019 | $50,640 | -22.71% | - |
| 2018 | $62,140 | 20.98% | - |
| 2017 | $49,100 | -8.78% | - |
| 2016 | $53,410 | -24.64% | - |
| 2015 | $66,570 | -1.89% | - |
| 2014 | $67,830 | 3.38% | - |
| 2013 | $65,540 | 12.21% | - |
| 2012 | $57,540 | - | - |
From Table 3 we note that the median annual salary of $62,360 in Bremerton-Silverdale is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Bremerton-Silverdale is 15.8 percent (15.8%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 9.3 percent (9.3%) higher than that in the lowest paying Western Washington nonmetropolitan area.