The annual salary statistics of loan officers in New Orleans-Metairie-Kenner, Louisiana is shown in Table 1. The wage information of loan officers in New Orleans-Metairie-Kenner 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 | $31,930 |
| 25th Percentile Wage | $44,640 |
| 50th Percentile Wage | $60,330 |
| 75th Percentile Wage | $82,790 |
| 90th Percentile Wage | $116,320 |
Table 1 shows the average annual salary for loan officers in New Orleans-Metairie-Kenner, Louisiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $116,320. The median (50th percentile) annual salary is $60,330. The average annual salary for the bottom 10 percent earners is $31,930.
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 | $60,330 | 3.86% | 28.10% |
| 2021 | $58,000 | 3.28% | - |
| 2020 | $56,100 | 5.13% | - |
| 2019 | $53,220 | -0.19% | - |
| 2018 | $53,320 | 9.79% | - |
| 2017 | $48,100 | 3.26% | - |
| 2016 | $46,530 | -3.57% | - |
| 2015 | $48,190 | 1.25% | - |
| 2014 | $47,590 | -1.09% | - |
| 2013 | $48,110 | 9.83% | - |
| 2012 | $43,380 | - | - |
From Table 3 we note that the median annual salary of $60,330 in New Orleans-Metairie-Kenner is in the middle of salary range for loan officers in state of Louisiana. In comparison, the annual salary of loan officers in New Orleans-Metairie-Kenner is 21.4 percent (21.4%) lower than that in the highest paying New Iberia nonmetropolitan area and 37.4 percent (37.4%) 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 |