The annual salary statistics of loan officers in Washington-Arlington-Alexandria, West Virginia is shown in Table 1. The wage data of loan officers in Washington-Arlington-Alexandria 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 | $35,920 |
| 25th Percentile Wage | $53,600 |
| 50th Percentile Wage | $76,750 |
| 75th Percentile Wage | $116,270 |
| 90th Percentile Wage | $171,930 |
Table 1 shows the average annual salary for loan officers in Washington-Arlington-Alexandria, West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $171,930. The median (50th percentile) annual salary is $76,750. The average annual salary for the bottom 10 percent earners is $35,920.
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 | $76,750 | 11.04% | 19.45% |
| 2016 | $68,280 | -7.84% | - |
| 2015 | $73,630 | 2.53% | - |
| 2014 | $71,770 | 1.96% | - |
| 2013 | $70,360 | 12.14% | - |
| 2012 | $61,820 | - | - |
From Table 3 we note that with a median annual salary of $76,750, Washington-Arlington-Alexandria is the highest paying city for loan officers in state of West Virginia, followed by Winchester (median annual salary $76,610). In comparison, the median annual salary of loan officers in Washington-Arlington-Alexandria is .2 percent (.2%) higher than that in Winchester.
| Cities/Areas | Median Annual Salary |
|---|---|
| Washington-Arlington-Alexandria | |
| Winchester | |
| Hagerstown-Martinsburg | |
| Morgantown | |
| North Central West Virginia nonmetropolitan area | |
| Southern West Virginia nonmetropolitan area | |
| Wheeling | |
| Huntington-Ashland | |
| Steubenville-Weirton | |
| Parkersburg-Marietta-Vienna | |
| Beckley | |
| Charleston | |
| Cumberland | |
| Weirton-Steubenville |