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Loan Officer Salary Information in South Carolina

The average annual and hourly salaries for loan officers in the state of South Carolina are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers amongst South Carolina metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in South Carolina

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,970
25th Percentile Wage
$40,600
50th Percentile Wage
$56,820
75th Percentile Wage
$81,280
90th Percentile Wage
$125,930

Table 1 shows the average annual salary for loan officers in South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,930. The median (50th percentile) annual salary is $56,820. The average annual salary for the bottom 10 percent is $32,970.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$15.85
25th Percentile Wage
$19.52
50th Percentile Wage
$27.32
75th Percentile Wage
$39.08
90th Percentile Wage
$60.54

Table 2 shows the average hourly salary for loan officers in South Carolina in 5 percentile scales. The average hourly salary for the 90th percentile is $60.54. The median hourly salary is $27.32. The average hourly salary for the bottom 10 percent is $15.85.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201656,8203.91%14.99%
201554,6005.79%-
201451,4400.49%-
201351,1905.65%-
201248,300--

Table 3. Median Annual Salary of Loan Officers in South Carolina Cities

Table 3 shows the median annual salary of loan officers in some South Carolina cities and metropolitan areas. We note that the median annual salary of loan officers in state of South Carolina ranges from $41,110 to $70,770. The highest paying area for loan officers in South Carolina is Pee Dee South Carolina nonmetropolitan area with a median annual salary of $70,770. The second highest paying city/area in South Carolina State is Charlotte-Gastonia-Rock Hill (mean annual salary $67,630). The lowest paying area is Upper Savannah South Carolina nonmetropolitan area with a median annual salary of $41,110.

Cities/Areas Median Annual Salary
Pee Dee South Carolina nonmetropolitan area
$70,770
Charlotte-Gastonia-Rock Hill
$67,630
Columbia
$63,610
Florence
$62,660
Myrtle Beach-North Myrtle Beach-Conway
$61,450
Lower Savannah South Carolina nonmetropolitan area
$61,370
Low Country South Carolina nonmetropolitan area
$61,180
Charleston-North Charleston-Summerville
$60,940
Sumter
$55,150
Greenville-Mauldin-Easley
$50,850
Anderson
$50,140
Spartanburg
$48,760
Augusta-Richmond County
$48,390
Upper Savannah South Carolina nonmetropolitan area
$41,110


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