The annual salary statistics of loan officers in Myrtle Beach-North Myrtle Beach-Conway, South Carolina is shown in Table 1. The wage information of loan officers in Myrtle Beach-North Myrtle Beach-Conway 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 | $35,400 |
| 25th Percentile Wage | $46,720 |
| 50th Percentile Wage | $60,690 |
| 75th Percentile Wage | $89,630 |
| 90th Percentile Wage | $126,220 |
Table 1 shows the average annual salary for loan officers in Myrtle Beach-North Myrtle Beach-Conway, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $126,220. The median (50th percentile) annual salary is $60,690. The average annual salary for the bottom 10 percent earners is $35,400.
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 | $60,690 | 1.40% | 21.39% |
| 2021 | $59,840 | -12.92% | - |
| 2020 | $67,570 | 15.26% | - |
| 2019 | $57,260 | 12.70% | - |
| 2018 | $49,990 | 4.02% | - |
| 2017 | $47,980 | -28.07% | - |
| 2016 | $61,450 | 0.13% | - |
| 2015 | $61,370 | 10.95% | - |
| 2014 | $54,650 | 6.22% | - |
| 2013 | $51,250 | 6.91% | - |
| 2012 | $47,710 | - | - |
From Table 3 we note that the median annual salary of $60,690 in Myrtle Beach-North Myrtle Beach-Conway is in the middle of salary range for loan officers in state of South Carolina. In comparison, the annual salary of loan officers in Myrtle Beach-North Myrtle Beach-Conway is 23.9 percent (23.9%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 37.4 percent (37.4%) higher than that in the lowest paying Lower Savannah South Carolina nonmetropolitan area.