The annual salary statistics of loan officers in Seattle-Bellevue-Everett, Washington is shown in Table 1. The wage data of loan officers in Seattle-Bellevue-Everett 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 | $25,820 |
| 25th Percentile Wage | $46,890 |
| 50th Percentile Wage | $64,730 |
| 75th Percentile Wage | $98,860 |
| 90th Percentile Wage | $151,990 |
Table 1 shows the average annual salary for loan officers in Seattle-Bellevue-Everett, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $151,990. The median (50th percentile) annual salary is $64,730. The average annual salary for the bottom 10 percent earners is $25,820.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $64,730 | -0.83% | -8.47% |
| 2016 | $65,270 | 3.26% | - |
| 2015 | $63,140 | -5.10% | - |
| 2014 | $66,360 | -7.01% | - |
| 2013 | $71,010 | 1.13% | - |
| 2012 | $70,210 | - | - |
From Table 3 we note that the median annual salary of $64,730 in Seattle-Bellevue-Everett is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Seattle-Bellevue-Everett is 12.6 percent (12.6%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 12.6 percent (12.6%) higher than that in the lowest paying Western Washington nonmetropolitan area.