The annual salary statistics of loan officers in Reno-Sparks, Nevada is shown in Table 1. The wage data of loan officers in Reno-Sparks 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 | $25,700 |
| 25th Percentile Wage | $32,300 |
| 50th Percentile Wage | $55,920 |
| 75th Percentile Wage | $98,570 |
| 90th Percentile Wage | $165,230 |
Table 1 shows the average annual salary for loan officers in Reno-Sparks, Nevada in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $165,230. The median (50th percentile) annual salary is $55,920. The average annual salary for the bottom 10 percent earners is $25,700.
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 | $55,920 | -10.09% | 18.90% |
| 2021 | $61,560 | 28.46% | - |
| 2020 | $44,040 | -27.13% | - |
| 2019 | $55,990 | -5.89% | - |
| 2018 | $59,290 | -6.34% | - |
| 2017 | $63,050 | -8.95% | - |
| 2016 | $68,690 | 30.57% | - |
| 2015 | $47,690 | 4.78% | - |
| 2014 | $45,410 | 13.76% | - |
| 2013 | $39,160 | -15.81% | - |
| 2012 | $45,350 | - | - |
From Table 3 we note that the median annual salary of $55,920 in Reno-Sparks is in the middle of salary range for loan officers in state of Nevada. In comparison, the annual salary of loan officers in Reno-Sparks is 19.0 percent (19.0%) lower than that in the highest paying Las Vegas-Paradise and 14.9 percent (14.9%) higher than that in the lowest paying Western Central Nevada nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Las Vegas-Paradise | |
| Carson City | |
| Nevada nonmetropolitan area | |
| Reno-Sparks | |
| Other Nevada nonmetropolitan area | |
| Western Central Nevada nonmetropolitan area |