How Much Do Escrow Officers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary escrow officers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for escrow officers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of escrow officers are offering as compensation.
Keep reading to learn more about how much escrow officers can expect to make in the United States.
At a Glance: Salary & Jobs for Escrow Officers
According to data from 2022, there were about 68,339 positions for escrow officers in the United States. In terms of salary, the national median salary for escrow officers was reported to be $82,202. Additionally, when examining job demand, employers across the country posted 10,424 job postings related to positions for escrow officers.
How Much Money Do Escrow Officers Make?
Median salary is just one data point. To build a better understanding of how much money escrow officers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for escrow officers.
Annual Salary for Escrow Officers
According to the BLS, the lowest earners for escrow officers and related professions earned about $48,485 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $162,760 annually.
As mentioned previously, the median salary for escrow officers in the United States in 2022 was $82,202.
Annual Salary Range For Escrow Officers In 2022
Hourly Salary for Escrow Officers
The BLS also breaks down compensation for escrow officers by hourly salary, and the median average hourly pay for escrow officers in 2022 was $40. Lowest hourly earners took home $23 while the highest reported hourly salaries for escrow officers was $78.
Hourly Salary Range For Escrow Officers In 2022
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Advertised Compensation for Escrow Officers
Data from the BLS is one way to dig into compensation for escrow officers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for escrow officers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Escrow Officers
Advertised Annual Salary
During a review of 6,852 job postings related to escrow officers, advertised salary was included in 2,583 of them, which was 38%. Based on those postings, the median advertised salary for escrow officers was $72,576 per year.
Hourly Salary from Job Postings for Escrow Officers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for escrow officers. Based on 25% of postings with advertised compensation, the median hourly salary for open positions for escrow officers in the United States is about $35.
Salary Trend for Escrow Officers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for escrow officers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for escrow officers dating back to September 2019, advertised salaries for escrow officers have increased 19%.
Advertised Wage Trend For Escrow Officers
What's the Job Growth for Escrow Officers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for escrow officers over the next 10 years.
According to the data obtained through Lightcast,™ there were 68,391 jobs for escrow officers in the United States in 2022. By 2032, it is expected that about 15,964 jobs will be added. That's a 23.3% increase over the next 10-year period.
Employment Projections For Escrow Officers
Additional Links
Ready to dig deeper into career information about escrow officers? Visit our other pages focused on salary and education for escrow officers.
What do escrow officers do?
Escrow Officers: How do you become one?
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