The annual salary statistics of loan officers in Huntington-Ashland, West Virginia is shown in Table 1. The wage data of loan officers in Huntington-Ashland 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 | $32,390 |
| 25th Percentile Wage | $40,080 |
| 50th Percentile Wage | $48,950 |
| 75th Percentile Wage | $74,170 |
| 90th Percentile Wage | $112,060 |
Table 1 shows the average annual salary for loan officers in Huntington-Ashland, West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $112,060. The median (50th percentile) annual salary is $48,950. The average annual salary for the bottom 10 percent earners is $32,390.
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 | $48,950 | 0.94% | 19.45% |
| 2021 | $48,490 | -4.54% | - |
| 2020 | $50,690 | 4.24% | - |
| 2019 | $48,540 | 1.85% | - |
| 2018 | $47,640 | 7.77% | - |
| 2017 | $43,940 | 0.57% | - |
| 2016 | $43,690 | 3.46% | - |
| 2015 | $42,180 | 1.64% | - |
| 2014 | $41,490 | 4.72% | - |
| 2013 | $39,530 | 0.25% | - |
| 2012 | $39,430 | - | - |
From Table 3 we note that the median annual salary of $48,950 in Huntington-Ashland is in the middle of salary range for loan officers in state of West Virginia. In comparison, the annual salary of loan officers in Huntington-Ashland is 36.2 percent (36.2%) lower than that in the highest paying Washington-Arlington-Alexandria and 12.3 percent (12.3%) higher than that in the lowest paying Weirton-Steubenville.