The annual salary statistics of loan officers in Kennewick-Pasco-Richland, Washington is shown in Table 1. The wage data of loan officers in Kennewick-Pasco-Richland 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 | $40,870 |
| 25th Percentile Wage | $49,440 |
| 50th Percentile Wage | $64,440 |
| 75th Percentile Wage | $99,030 |
| 90th Percentile Wage | $139,670 |
Table 1 shows the average annual salary for loan officers in Kennewick-Pasco-Richland, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,670. The median (50th percentile) annual salary is $64,440. The average annual salary for the bottom 10 percent earners is $40,870.
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 | $64,440 | 4.39% | -20.72% |
| 2021 | $61,610 | 0.47% | - |
| 2020 | $61,320 | 11.68% | - |
| 2019 | $54,160 | -15.34% | - |
| 2018 | $62,470 | 0.10% | - |
| 2017 | $62,410 | -0.24% | - |
| 2016 | $62,560 | 10.60% | - |
| 2015 | $55,930 | -13.46% | - |
| 2014 | $63,460 | -8.49% | - |
| 2013 | $68,850 | -12.98% | - |
| 2012 | $77,790 | - | - |
From Table 3 we note that the median annual salary of $64,440 in Kennewick-Pasco-Richland is in the middle of salary range for loan officers in state of Washington. In comparison, the annual salary of loan officers in Kennewick-Pasco-Richland is 13.0 percent (13.0%) lower than that in the highest paying Portland-Vancouver-Hillsboro and 12.2 percent (12.2%) higher than that in the lowest paying Western Washington nonmetropolitan area.