The annual salary statistics of loan officers in Charleston-North Charleston-Summerville, South Carolina is shown in Table 1. The wage information of loan officers in Charleston-North Charleston-Summerville 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 | $36,570 |
| 25th Percentile Wage | $47,530 |
| 50th Percentile Wage | $63,540 |
| 75th Percentile Wage | $126,520 |
| 90th Percentile Wage | $140,820 |
Table 1 shows the average annual salary for loan officers in Charleston-North Charleston-Summerville, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $140,820. The median (50th percentile) annual salary is $63,540. The average annual salary for the bottom 10 percent earners is $36,570.
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 | $63,540 | 22.24% | 17.01% |
| 2021 | $49,410 | -75.27% | - |
| 2020 | $86,600 | 6.66% | - |
| 2019 | $80,830 | 20.57% | - |
| 2018 | $64,200 | -7.79% | - |
| 2017 | $69,200 | 11.94% | - |
| 2016 | $60,940 | -4.17% | - |
| 2015 | $63,480 | 10.90% | - |
| 2014 | $56,560 | -18.39% | - |
| 2013 | $66,960 | 21.25% | - |
| 2012 | $52,730 | - | - |
From Table 3 we note that the median annual salary of $63,540 in Charleston-North Charleston-Summerville is in the middle of salary range for loan officers in state of South Carolina. In comparison, the annual salary of loan officers in Charleston-North Charleston-Summerville is 20.3 percent (20.3%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 40.2 percent (40.2%) higher than that in the lowest paying Lower Savannah South Carolina nonmetropolitan area.