The annual salary statistics of loan officers in Hilton Head Island-Bluffton-Beaufort, South Carolina is shown in Table 1. The wage data of loan officers in Hilton Head Island-Bluffton-Beaufort 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 | $36,860 |
| 25th Percentile Wage | $46,670 |
| 50th Percentile Wage | $60,530 |
| 75th Percentile Wage | $82,200 |
| 90th Percentile Wage | $127,390 |
Table 1 shows the average annual salary for loan officers in Hilton Head Island-Bluffton-Beaufort, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $127,390. The median (50th percentile) annual salary is $60,530. The average annual salary for the bottom 10 percent earners is $36,860.
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 | $60,530 | 11.42% | -2.05% |
| 2021 | $53,620 | -13.97% | - |
| 2020 | $61,110 | 1.44% | - |
| 2019 | $60,230 | -0.12% | - |
| 2018 | $60,300 | -4.88% | - |
| 2017 | $63,240 | 2.32% | - |
| 2016 | $61,770 | 8.06% | - |
| 2015 | $56,790 | -8.77% | - |
| 2012 | $61,770 | - | - |
From Table 3 we note that the median annual salary of $60,530 in Hilton Head Island-Bluffton-Beaufort is in the middle of salary range for loan officers in state of South Carolina. In comparison, the annual salary of loan officers in Hilton Head Island-Bluffton-Beaufort is 24.1 percent (24.1%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 37.3 percent (37.3%) higher than that in the lowest paying Lower Savannah South Carolina nonmetropolitan area.