The annual salary statistics of loan officers in Lake County-Kenosha County, Wisconsin is shown in Table 1. The wage data of loan officers in Lake County-Kenosha County 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 | $19,990 |
| 25th Percentile Wage | $38,670 |
| 50th Percentile Wage | $59,270 |
| 75th Percentile Wage | $84,750 |
| 90th Percentile Wage | $139,190 |
Table 1 shows the average annual salary for loan officers in Lake County-Kenosha County, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,190. The median (50th percentile) annual salary is $59,270. The average annual salary for the bottom 10 percent earners is $19,990.
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 | $59,270 | 12.92% | 9.90% |
| 2016 | $51,610 | -4.38% | - |
| 2015 | $53,870 | 12.75% | - |
| 2014 | $47,000 | -14.30% | - |
| 2013 | $53,720 | 0.60% | - |
| 2012 | $53,400 | - | - |
From Table 3 we note that the median annual salary of $59,270 in Lake County-Kenosha County is in the middle of salary range for loan officers in state of Wisconsin. In comparison, the annual salary of loan officers in Lake County-Kenosha County is 26.6 percent (26.6%) lower than that in the highest paying Minneapolis-St Paul-Bloomington and 25.3 percent (25.3%) higher than that in the lowest paying Northern Wisconsin nonmetropolitan area.