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Torrington LMA (1Q 2020)
All Industry
Estimated employment20
Mean wage$38.43
Entry wage$26.14
10th percentile wage$26.26
50th percentile wage$33.96
90th percentile wage$62.07
Loan Officers (13-2072)
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Median Wage History
YearThis
Occupation		Compared to
Occupational Group		Difference
Current$33.96 $31.33  $2.63
2019$32.85+3.4%$30.30 +3.4%$2.54
2018$32.00+2.6%$29.52 +2.6%$2.48
2017$31.25+2.4%$28.83 +2.4%$2.42
2016$30.53+2.4%$28.16 +2.4%$2.36
2015$29.68+2.9%$27.38 +2.9%$2.30
2014$28.98+2.4%$26.73 +2.4%$2.24
2013$28.28+2.5%$26.09 +2.5%$2.19
2012$27.82+1.7%$25.66 +1.7%$2.15
2011$27.38+1.6%$25.26 +1.6%$2.12
YearThis
Occupation		Compared to
All Occupations		Difference
Current$33.96 $21.09  $12.87
2019$32.85+3.4%$20.23 +4.2%$12.61
2018$32.00+2.6%$19.62 +3.1%$12.38
2017$31.25+2.4%$19.09 +2.8%$12.16
2016$30.53+2.4%$18.66 +2.3%$11.87
2015$29.68+2.9%$18.27 +2.1%$11.41
2014$28.98+2.4%$17.88 +2.2%$11.10
2013$28.28+2.5%$17.51 +2.1%$10.76
2012$27.82+1.7%$17.21 +1.7%$10.60
2011$27.38+1.6%$16.94 +1.6%$10.44
Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.
Reference Date: 1st Quarter 2020
Top Areas For This Occupation
Best Pay
Median Wage / Employment
Torrington $33.9620
Highest Employment
Median Wage / Employment
Torrington $33.9620
Wages in other areas
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