The annual salary statistics of loan officers in Charlotte-Gastonia-Rock Hill, South Carolina is shown in Table 1. The wage data of loan officers in Charlotte-Gastonia-Rock Hill 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 | $37,080 |
| 25th Percentile Wage | $58,100 |
| 50th Percentile Wage | $79,720 |
| 75th Percentile Wage | $103,100 |
| 90th Percentile Wage | $133,140 |
Table 1 shows the average annual salary for loan officers in Charlotte-Gastonia-Rock Hill, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,140. The median (50th percentile) annual salary is $79,720. The average annual salary for the bottom 10 percent earners is $37,080.
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 | $79,720 | -0.72% | 24.31% |
| 2021 | $80,290 | 6.35% | - |
| 2020 | $75,190 | 5.07% | - |
| 2019 | $71,380 | 6.37% | - |
| 2018 | $66,830 | -2.59% | - |
| 2017 | $68,560 | 1.36% | - |
| 2016 | $67,630 | -1.35% | - |
| 2015 | $68,540 | 5.35% | - |
| 2014 | $64,870 | 2.99% | - |
| 2013 | $62,930 | 4.12% | - |
| 2012 | $60,340 | - | - |
From Table 3 we note that with a median annual salary of $79,720, Charlotte-Gastonia-Rock Hill is the highest paying city for loan officers in state of South Carolina, followed by Low Country South Carolina nonmetropolitan area (median annual salary $69,060). In comparison, the median annual salary of loan officers in Charlotte-Gastonia-Rock Hill is 13.4 percent (13.4%) higher than that in Low Country South Carolina nonmetropolitan area.