The annual salary statistics of loan officers in Blacksburg-Christiansburg-Radford, Virginia is shown in Table 1. The wage data of loan officers in Blacksburg-Christiansburg-Radford 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 | $35,820 |
| 25th Percentile Wage | $46,840 |
| 50th Percentile Wage | $62,990 |
| 75th Percentile Wage | $90,020 |
| 90th Percentile Wage | $139,900 |
Table 1 shows the average annual salary for loan officers in Blacksburg-Christiansburg-Radford, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,900. The median (50th percentile) annual salary is $62,990. The average annual salary for the bottom 10 percent earners is $35,820.
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 | $62,990 | 1.68% | 13.91% |
| 2021 | $61,930 | 22.02% | - |
| 2020 | $48,290 | 17.10% | - |
| 2019 | $40,030 | -61.08% | - |
| 2018 | $64,480 | 5.47% | - |
| 2017 | $60,950 | -6.53% | - |
| 2016 | $64,930 | 28.95% | - |
| 2015 | $46,130 | -5.16% | - |
| 2014 | $48,510 | -19.85% | - |
| 2013 | $58,140 | 6.73% | - |
| 2012 | $54,230 | - | - |
From Table 3 we note that the median annual salary of $62,990 in Blacksburg-Christiansburg-Radford is in the middle of salary range for loan officers in state of Virginia. In comparison, the annual salary of loan officers in Blacksburg-Christiansburg-Radford is 19.5 percent (19.5%) lower than that in the highest paying Charlottesville and 30.4 percent (30.4%) higher than that in the lowest paying Danville.
| Cities/Areas | Median Annual Salary |
|---|---|
| Charlottesville | |
| Richmond | |
| Virginia Beach-Norfolk-Newport News | |
| Staunton-Waynesboro | |
| Southside Virginia nonmetropolitan area | |
| Southwestern Virginia nonmetropolitan area | |
| Northwestern Virginia nonmetropolitan area | |
| Roanoke | |
| Blacksburg-Christiansburg-Radford | |
| Kingsport-Bristol-Bristol | |
| Harrisonburg | |
| Lynchburg | |
| Northeastern Virginia nonmetropolitan area | |
| Danville |