The annual salary statistics of loan officers in Milwaukee-Waukesha-West Allis, Wisconsin is shown in Table 1. The wage statistics of loan officers in Milwaukee-Waukesha-West Allis 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 | $47,630 |
| 25th Percentile Wage | $62,820 |
| 50th Percentile Wage | $79,330 |
| 75th Percentile Wage | $104,420 |
| 90th Percentile Wage | $133,390 |
Table 1 shows the average annual salary for loan officers in Milwaukee-Waukesha-West Allis, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,390. The median (50th percentile) annual salary is $79,330. The average annual salary for the bottom 10 percent earners is $47,630.
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 | $79,330 | 0.58% | 51.57% |
| 2021 | $78,870 | 22.45% | - |
| 2020 | $61,160 | 3.60% | - |
| 2019 | $58,960 | -5.05% | - |
| 2018 | $61,940 | 0.31% | - |
| 2017 | $61,750 | -0.53% | - |
| 2016 | $62,080 | -6.80% | - |
| 2015 | $66,300 | 9.29% | - |
| 2014 | $60,140 | 32.06% | - |
| 2013 | $40,860 | 5.97% | - |
| 2012 | $38,420 | - | - |
From Table 3 we note that the median annual salary of $79,330 in Milwaukee-Waukesha-West Allis is in the middle of salary range for loan officers in state of Wisconsin. In comparison, the annual salary of loan officers in Milwaukee-Waukesha-West Allis is 1.7 percent (1.7%) lower than that in the highest paying Minneapolis-St Paul-Bloomington and 44.2 percent (44.2%) higher than that in the lowest paying Northern Wisconsin nonmetropolitan area.