The annual salary statistics of loan officers in Wenatchee-East Wenatchee, Washington is shown in Table 1. The wage information of loan officers in Wenatchee-East Wenatchee 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 | $37,680 |
| 25th Percentile Wage | $49,560 |
| 50th Percentile Wage | $64,240 |
| 75th Percentile Wage | $96,990 |
| 90th Percentile Wage | $130,600 |
Table 1 shows the average annual salary for loan officers in Wenatchee-East Wenatchee, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,600. The median (50th percentile) annual salary is $64,240. The average annual salary for the bottom 10 percent earners is $37,680.
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 | $64,240 | 1.67% | 3.16% |
| 2021 | $63,170 | 9.93% | - |
| 2020 | $56,900 | -5.43% | - |
| 2019 | $59,990 | -5.47% | - |
| 2018 | $63,270 | -7.65% | - |
| 2017 | $68,110 | -18.41% | - |
| 2016 | $80,650 | 13.13% | - |
| 2015 | $70,060 | -17.37% | - |
| 2014 | $82,230 | 22.51% | - |
| 2013 | $63,720 | 2.37% | - |
| 2012 | $62,210 | - | - |
From Table 3 we note that the median annual salary of $64,240 in Wenatchee-East Wenatchee is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Wenatchee-East Wenatchee is 13.2 percent (13.2%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 11.9 percent (11.9%) higher than that in the lowest paying Western Washington nonmetropolitan area.