The annual salary statistics of loan officers in Portland-Vancouver-Hillsboro, Washington is shown in Table 1. The wage statistics of loan officers in Portland-Vancouver-Hillsboro 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 | $34,230 |
| 25th Percentile Wage | $48,530 |
| 50th Percentile Wage | $74,040 |
| 75th Percentile Wage | $105,160 |
| 90th Percentile Wage | $156,940 |
Table 1 shows the average annual salary for loan officers in Portland-Vancouver-Hillsboro, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $156,940. The median (50th percentile) annual salary is $74,040. The average annual salary for the bottom 10 percent earners is $34,230.
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 | $74,040 | -5.23% | 15.29% |
| 2021 | $77,910 | 10.73% | - |
| 2020 | $69,550 | 1.61% | - |
| 2019 | $68,430 | -0.83% | - |
| 2018 | $69,000 | -9.41% | - |
| 2017 | $75,490 | -1.55% | - |
| 2016 | $76,660 | 2.91% | - |
| 2015 | $74,430 | 13.84% | - |
| 2014 | $64,130 | 8.25% | - |
| 2013 | $58,840 | -6.59% | - |
| 2012 | $62,720 | - | - |
From Table 3 we note that with a median annual salary of $74,040, Portland-Vancouver-Hillsboro is the highest paying city for loan officers in state of Washington, followed by Eastern Washington nonmetropolitan area (median annual salary $70,180). In comparison, the median annual salary of loan officers in Portland-Vancouver-Hillsboro is 5.2 percent (5.2%) higher than that in Eastern Washington nonmetropolitan area.