Loan Officer Salary in South Carolina
Based on 4K+ workers in South Carolina
Median Annual Salary (SC)
$63,220
$30.39/hr
vs National Average
$76,354
-17.2% vs national median
Salary Range (10th–90th)
$37K – $142K
4K employed in South Carolina
The average Loan Officer salary in South Carolina sits at a median of $63,220 annually, placing it 17% below the national average. With approximately 4,140 individuals currently employed in this role across the state, the compensation can range significantly, from $37,080 to $142,260 per year.
Several factors influence the Loan Officer salary in South Carolina. Experience level plays a crucial role, with seasoned professionals typically earning more. Additionally, the specific type of lending institution, the volume of loans processed, and performance-based bonuses can all impact overall earnings. Location within South Carolina, such as major metropolitan areas versus rural regions, can also affect salary expectations.
Salary Distribution — Loan Officer in South Carolina
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $37,080 |
| 25th percentile | $47,170 |
| Median (50th percentile) | $63,220 |
| 75th percentile | $91,750 |
| 90th percentile | $142,260 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in South Carolina tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in South Carolina vs National
| Year | Median Salary (South Carolina) |
|---|---|
| 2022 | $60,550 |
| 2023 | $61,580 |
| 2024 | $61,690 |
| 2025 | $63,220 |
| 2026 (projected) | $64,788 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | South Carolina Median | National Median |
|---|---|---|
| 2022 | $60,550 | $68,453 |
| 2023 | $61,580 | $70,692 |
| 2024 | $61,690 | $73,485 |
| 2025 | $63,220 | $76,354 |
| 2026 (projected) | $64,788 | $78,248 |
Loan Officer Salary by Experience Level in South Carolina
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $47,170 |
| Mid-level | 3-5 yrs | $63,220 |
| Senior | 6-9 yrs | $91,750 |
| Staff / Lead | 10+ yrs | $142,260 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in South Carolina
How other high-demand occupations in South Carolina compare to Loan Officer ($63,220 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in SC | $136,160 | +115.4% | $65.46/hr |
| Personal Financial Advisor in SC | $96,330 | +52.4% | $46.31/hr |
| Financial Analyst in SC | $93,670 | +48.2% | $45.03/hr |
| Financial Examiner in SC | $86,440 | +36.7% | $41.56/hr |
| Budget Analyst in SC | $86,260 | +36.4% | $41.47/hr |
| Credit Analyst in SC | $77,530 | +22.6% | $37.27/hr |
| Accountant in SC | $76,560 | +21.1% | $36.81/hr |
| Tax Examiner in SC | $76,400 | +20.8% | $36.73/hr |
| Compliance Officer in SC | $75,460 | +19.4% | $36.28/hr |
| Insurance Sales Agent in SC | $61,350 | -3.0% | $29.50/hr |
| Securities Sales Agent in SC | $55,390 | -12.4% | $26.63/hr |
| Training and Development Specialist in SC | $63,070 | -0.2% | $30.32/hr |
Frequently Asked Questions
What is the typical salary for a Loan Officer in South Carolina?
- The median salary for a Loan Officer in South Carolina is $63,220 per year, which averages out to about $30 per hour. This median figure sits at a 17.2% lower rate compared to the national average for this profession.
How much can a Loan Officer in South Carolina expect to earn?
- Loan Officers in South Carolina typically earn between $37,080 and $142,260 annually. The midpoint of this range is $63,220 per year, reflecting the median earnings for the state.
What is the hourly wage for a Loan Officer in South Carolina?
- The average hourly wage for a Loan Officer in South Carolina is approximately $30. This aligns with the yearly median salary of $63,220, providing a good estimate for hourly earnings.
How many Loan Officers are employed in South Carolina?
- There are approximately 4,140 Loan Officers employed across South Carolina. This number indicates a significant presence of this role within the state's financial sector.