The annual salary statistics of loan officers in Lake Havasu City-Kingman, Arizona is shown in Table 1. The wage statistics of loan officers in Lake Havasu City-Kingman 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 | $26,620 |
| 25th Percentile Wage | $30,760 |
| 50th Percentile Wage | $52,030 |
| 75th Percentile Wage | $94,110 |
| 90th Percentile Wage | $124,510 |
Table 1 shows the average annual salary for loan officers in Lake Havasu City-Kingman, Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,510. The median (50th percentile) annual salary is $52,030. The average annual salary for the bottom 10 percent earners is $26,620.
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 | $52,030 | 14.66% | -33.58% |
| 2021 | $44,400 | -67.32% | - |
| 2020 | $74,290 | 26.72% | - |
| 2019 | $54,440 | -1.49% | - |
| 2018 | $55,250 | -1.65% | - |
| 2017 | $56,160 | -41.54% | - |
| 2016 | $79,490 | 19.60% | - |
| 2015 | $63,910 | 15.22% | - |
| 2014 | $54,180 | 2.49% | - |
| 2013 | $52,830 | -31.55% | - |
| 2012 | $69,500 | - | - |
From Table 3 we note that the median annual salary of $52,030 in Lake Havasu City-Kingman is in the middle of salary range for loan officers in state of Arizona. In comparison, the annual salary of loan officers in Lake Havasu City-Kingman is 27.5 percent (27.5%) lower than that in the highest paying Sierra Vista-Douglas and 26.0 percent (26.0%) higher than that in the lowest paying Flagstaff.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sierra Vista-Douglas | |
| Phoenix-Mesa-Glendale | |
| Tucson | |
| North Arizona nonmetropolitan area | |
| Yuma | |
| Lake Havasu City-Kingman | |
| Prescott | |
| Flagstaff |