The annual salary statistics of loan officers in McAllen-Edinburg-Mission, Texas is shown in Table 1. The wage data of loan officers in McAllen-Edinburg-Mission 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 | $28,740 |
| 25th Percentile Wage | $42,190 |
| 50th Percentile Wage | $58,690 |
| 75th Percentile Wage | $78,860 |
| 90th Percentile Wage | $113,090 |
Table 1 shows the average annual salary for loan officers in McAllen-Edinburg-Mission, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $113,090. The median (50th percentile) annual salary is $58,690. The average annual salary for the bottom 10 percent earners is $28,740.
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 | $58,690 | 22.46% | -11.60% |
| 2021 | $45,510 | -43.57% | - |
| 2020 | $65,340 | 24.90% | - |
| 2019 | $49,070 | -25.09% | - |
| 2018 | $61,380 | -14.22% | - |
| 2017 | $70,110 | -9.98% | - |
| 2016 | $77,110 | 7.25% | - |
| 2015 | $71,520 | 2.82% | - |
| 2014 | $69,500 | 0.09% | - |
| 2013 | $69,440 | 5.67% | - |
| 2012 | $65,500 | - | - |
From Table 3 we note that the median annual salary of $58,690 in McAllen-Edinburg-Mission is in the middle of salary range for loan officers in state of Texas. In comparison, the annual salary of loan officers in McAllen-Edinburg-Mission is 22.5 percent (22.5%) lower than that in the highest paying Dallas-Fort Worth-Arlington and 22.8 percent (22.8%) higher than that in the lowest paying Laredo.