The annual salary statistics of loan officers in Houma-Bayou Cane-Thibodaux, Louisiana is shown in Table 1. The wage data of loan officers in Houma-Bayou Cane-Thibodaux 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 | $18,720 |
| 25th Percentile Wage | $46,050 |
| 50th Percentile Wage | $60,480 |
| 75th Percentile Wage | $112,930 |
| 90th Percentile Wage | $162,520 |
Table 1 shows the average annual salary for loan officers in Houma-Bayou Cane-Thibodaux, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $162,520. The median (50th percentile) annual salary is $60,480. The average annual salary for the bottom 10 percent earners is $18,720.
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 | $60,480 | -28.44% | 28.70% |
| 2021 | $77,680 | 43.95% | - |
| 2020 | $43,540 | -6.98% | - |
| 2019 | $46,580 | 16.27% | - |
| 2018 | $39,000 | -78.72% | - |
| 2017 | $69,700 | 30.07% | - |
| 2016 | $48,740 | 0.94% | - |
| 2015 | $48,280 | 7.04% | - |
| 2014 | $44,880 | 2.34% | - |
| 2013 | $43,830 | 1.62% | - |
| 2012 | $43,120 | - | - |
From Table 3 we note that the median annual salary of $60,480 in Houma-Bayou Cane-Thibodaux is in the middle of salary range for loan officers in state of Louisiana. In comparison, the annual salary of loan officers in Houma-Bayou Cane-Thibodaux is 21.2 percent (21.2%) lower than that in the highest paying New Iberia nonmetropolitan area and 37.6 percent (37.6%) higher than that in the lowest paying Hammond nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| New Iberia nonmetropolitan area | |
| Lafayette | |
| Hammond | |
| Baton Rouge | |
| Houma-Bayou Cane-Thibodaux | |
| New Orleans-Metairie-Kenner | |
| Lake Charles | |
| Monroe | |
| Winnsboro nonmetropolitan area | |
| Natchitoches nonmetropolitan area | |
| Southwest Louisiana nonmetropolitan area | |
| Alexandria | |
| Shreveport-Bossier City | |
| Hammond nonmetropolitan area |