The annual salary statistics of loan officers in Mount Vernon-Anacortes, Washington is shown in Table 1. The wage data of loan officers in Mount Vernon-Anacortes 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 | $39,530 |
| 25th Percentile Wage | $50,540 |
| 50th Percentile Wage | $67,710 |
| 75th Percentile Wage | $96,140 |
| 90th Percentile Wage | $124,050 |
Table 1 shows the average annual salary for loan officers in Mount Vernon-Anacortes, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,050. The median (50th percentile) annual salary is $67,710. The average annual salary for the bottom 10 percent earners is $39,530.
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 | $67,710 | -13.13% | 5.18% |
| 2021 | $76,600 | 26.59% | - |
| 2020 | $56,230 | 11.33% | - |
| 2019 | $49,860 | -6.54% | - |
| 2018 | $53,120 | 8.90% | - |
| 2017 | $48,390 | -13.91% | - |
| 2016 | $55,120 | -4.55% | - |
| 2015 | $57,630 | -4.22% | - |
| 2014 | $60,060 | -15.17% | - |
| 2013 | $69,170 | 7.19% | - |
| 2012 | $64,200 | - | - |
From Table 3 we note that the median annual salary of $67,710 in Mount Vernon-Anacortes is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Mount Vernon-Anacortes is 8.5 percent (8.5%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 16.5 percent (16.5%) higher than that in the lowest paying Western Washington nonmetropolitan area.