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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 among 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$30,700
25th Percentile Wage
$41,980
50th Percentile Wage
$58,060
75th Percentile Wage
$80,230
90th Percentile Wage
$118,660

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 $118,660. The median (50th percentile) annual salary is $58,060. The average annual salary for the bottom 10 percent is $30,700.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$58,060
2.14% 16.81%
2016
$56,820
3.91% -
2015
$54,600
5.79% -
2014
$51,440
0.49% -
2013
$51,190
5.65% -
2012
$48,300
- -

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 $41,850 to $69,200. The highest paying area for loan officers in South Carolina is Charleston-North Charleston-Summerville with a median annual salary of $69,200. The second highest paying city/area in South Carolina State is Low Country South Carolina nonmetropolitan area (mean annual salary $69,060). The lowest paying area is Upper Savannah South Carolina nonmetropolitan area with a median annual salary of $41,850.

Cities/Areas Median Annual Salary
Charleston-North Charleston-Summerville
$69,200
Low Country South Carolina nonmetropolitan area
$69,060
Charlotte-Gastonia-Rock Hill
$68,560
Lower Savannah South Carolina nonmetropolitan area
$65,810
Columbia
$56,620
Sumter
$55,150
Greenville-Mauldin-Easley
$52,980
Florence
$52,410
Pee Dee South Carolina nonmetropolitan area
$52,130
Anderson
$50,140
Augusta-Richmond County
$49,820
Spartanburg
$49,380
Myrtle Beach-North Myrtle Beach-Conway
$47,980
Upper Savannah South Carolina nonmetropolitan area
$41,850




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