The annual salary statistics of loan officers in Augusta-Richmond County, South Carolina is shown in Table 1. The wage statistics of loan officers in Augusta-Richmond County 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 | $37,450 |
| 25th Percentile Wage | $45,780 |
| 50th Percentile Wage | $61,010 |
| 75th Percentile Wage | $85,120 |
| 90th Percentile Wage | $128,880 |
Table 1 shows the average annual salary for loan officers in Augusta-Richmond County, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,880. The median (50th percentile) annual salary is $61,010. The average annual salary for the bottom 10 percent earners is $37,450.
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 | $61,010 | 19.82% | 23.31% |
| 2021 | $48,920 | -30.60% | - |
| 2020 | $63,890 | 2.91% | - |
| 2019 | $62,030 | 13.03% | - |
| 2018 | $53,950 | 7.66% | - |
| 2017 | $49,820 | 2.87% | - |
| 2016 | $48,390 | 1.59% | - |
| 2015 | $47,620 | 6.99% | - |
| 2014 | $44,290 | -0.50% | - |
| 2013 | $44,510 | -5.12% | - |
| 2012 | $46,790 | - | - |
From Table 3 we note that the median annual salary of $61,010 in Augusta-Richmond County is in the middle of salary range for loan officers in state of South Carolina. In comparison, the annual salary of loan officers in Augusta-Richmond County is 23.5 percent (23.5%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 37.7 percent (37.7%) higher than that in the lowest paying Lower Savannah South Carolina nonmetropolitan area.