The annual salary statistics of loan officers in Seattle-Tacoma-Bellevue, Washington is shown in Table 1. The wage data of loan officers in Seattle-Tacoma-Bellevue 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 | $34,470 |
| 25th Percentile Wage | $50,210 |
| 50th Percentile Wage | $69,490 |
| 75th Percentile Wage | $102,940 |
| 90th Percentile Wage | $136,660 |
Table 1 shows the average annual salary for loan officers in Seattle-Tacoma-Bellevue, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $136,660. The median (50th percentile) annual salary is $69,490. The average annual salary for the bottom 10 percent earners is $34,470.
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 | $69,490 | 8.85% | 0.98% |
| 2021 | $63,340 | -7.23% | - |
| 2020 | $67,920 | 8.32% | - |
| 2019 | $62,270 | 0.88% | - |
| 2018 | $61,720 | -1.98% | - |
| 2017 | $62,940 | -3.67% | - |
| 2016 | $65,250 | 4.17% | - |
| 2015 | $62,530 | -3.09% | - |
| 2014 | $64,460 | -8.55% | - |
| 2013 | $69,970 | 1.66% | - |
| 2012 | $68,810 | - | - |
From Table 3 we note that the median annual salary of $69,490 in Seattle-Tacoma-Bellevue is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Seattle-Tacoma-Bellevue is 6.1 percent (6.1%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 18.6 percent (18.6%) higher than that in the lowest paying Western Washington nonmetropolitan area.