The annual salary statistics of loan officers in Vineland-Millville-Bridgeton, New Jersey is shown in Table 1. The wage information of loan officers in Vineland-Millville-Bridgeton 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 | $46,810 |
| 25th Percentile Wage | $54,080 |
| 50th Percentile Wage | $67,800 |
| 75th Percentile Wage | $86,690 |
| 90th Percentile Wage | $143,760 |
Table 1 shows the average annual salary for loan officers in Vineland-Millville-Bridgeton, New Jersey in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $143,760. The median (50th percentile) annual salary is $67,800. The average annual salary for the bottom 10 percent earners is $46,810.
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 | $67,800 | 5.78% | 22.17% |
| 2021 | $63,880 | -6.03% | - |
| 2020 | $67,730 | 3.28% | - |
| 2019 | $65,510 | -12.14% | - |
| 2018 | $73,460 | 21.58% | - |
| 2014 | $57,610 | 4.39% | - |
| 2013 | $55,080 | 4.19% | - |
| 2012 | $52,770 | - | - |
From Table 3 we note that the median annual salary of $67,800 in Vineland-Millville-Bridgeton is in the middle of salary range for loan officers in state of New Jersey. In comparison, the annual salary of loan officers in Vineland-Millville-Bridgeton is 15.9 percent (15.9%) lower than that in the highest paying Edison-New Brunswick and 32.9 percent (32.9%) higher than that in the lowest paying Ocean City.
| Cities/Areas | Median Annual Salary |
|---|---|
| Edison-New Brunswick | |
| Camden | |
| Trenton-Ewing | |
| Vineland-Millville-Bridgeton | |
| Wilmington | |
| Atlantic City-Hammonton | |
| Ocean City |