The annual salary statistics of loan officers in Weirton-Steubenville, West Virginia is shown in Table 1. The wage data of loan officers in Weirton-Steubenville 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 | $30,360 |
| 25th Percentile Wage | $38,080 |
| 50th Percentile Wage | $42,940 |
| 75th Percentile Wage | $57,580 |
| 90th Percentile Wage | $75,860 |
Table 1 shows the average annual salary for loan officers in Weirton-Steubenville, West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $75,860. The median (50th percentile) annual salary is $42,940. The average annual salary for the bottom 10 percent earners is $30,360.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $42,940 | -31.07% | -4.47% |
| 2020 | $56,280 | 1.05% | - |
| 2019 | $55,690 | 9.18% | - |
| 2018 | $50,580 | 6.52% | - |
| 2017 | $47,280 | 5.12% | - |
| 2016 | $44,860 | -8.83% | - |
| 2015 | $48,820 | 8.11% | - |
| 2012 | $44,860 | - | - |
From Table 3 we note that with a median annual salary of $42,940, Weirton-Steubenville is the lowest paying city for loan officers in state of West Virginia, following city of Washington-Arlington-Alexandria (median annual salary of $76,750). In comparison, the median annual salary of loan officers in Weirton-Steubenville is 44.1 percent (44.1%) lower than that in the highest paying city Washington-Arlington-Alexandria.
| 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 |