The annual salary statistics of loan officers in Minneapolis-St Paul-Bloomington, Wisconsin is shown in Table 1. The wage statistics of loan officers in Minneapolis-St Paul-Bloomington 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 | $35,350 |
| 25th Percentile Wage | $61,050 |
| 50th Percentile Wage | $80,700 |
| 75th Percentile Wage | $110,590 |
| 90th Percentile Wage | $159,190 |
Table 1 shows the average annual salary for loan officers in Minneapolis-St Paul-Bloomington, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $159,190. The median (50th percentile) annual salary is $80,700. The average annual salary for the bottom 10 percent earners is $35,350.
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 | $80,700 | 1.08% | 22.28% |
| 2021 | $79,830 | 1.88% | - |
| 2020 | $78,330 | -0.08% | - |
| 2019 | $78,390 | 2.74% | - |
| 2018 | $76,240 | 3.55% | - |
| 2017 | $73,530 | -3.24% | - |
| 2016 | $75,910 | 0.11% | - |
| 2015 | $75,830 | 5.84% | - |
| 2014 | $71,400 | 7.75% | - |
| 2013 | $65,870 | 4.78% | - |
| 2012 | $62,720 | - | - |
From Table 3 we note that with a median annual salary of $80,700, Minneapolis-St Paul-Bloomington is the highest paying city for loan officers in state of Wisconsin, followed by Racine (median annual salary $79,400). In comparison, the median annual salary of loan officers in Minneapolis-St Paul-Bloomington is 1.6 percent (1.6%) higher than that in Racine.