Average Loan Officers Salary in Florence, SC
The average salary for Loan Officerss in Florence, SC is $69,740. While this is lower than the national average, the cost of living in Florence, SC may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $69,740 per year.
- Growth Trend: Salaries have shifted 8.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,960.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Florence, SC economy.
Salary Overview
The average Loan Officers in Florence, SC earns-19.1%below the national average.
$33.5
$1,341
$5,812
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Florence, SC have remained stable with a modest increase of 8.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Florence, SC
The earning potential for Loan Officerss in Florence, SC varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $31,190, while highly experienced professionals can command wages upwards of $128,960.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,190 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,305 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $53,810 | $25.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,175 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,960 | $62 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$69,740
Gross Pay
Real Wage (Purchasing Power)
$69,740
Adjusted for COL (100)
In Florence, SC, the Cost of Living Index is 100. This increases your effective purchasing power from $69,740 to $69,740.
Job Market Context
140
Total Jobs
1.59
Per 1K Jobs
0.84
Location Quotient
Florence, SC has 0.84x the national average concentration of Loan Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
140 people work as Loan Officers in Florence, SC.
1.59 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Sumter, SC Loan Officers Salary | $61,920↓ 11% | 38 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Loan Officers Salary | $74,770↑ 7% | 61 mi |
| Columbia, SC Loan Officers Salary | $76,480↑ 10% | 64 mi |
| Northwestern South Carolina nonmetropolitan area Loan Officers Salary | $69,830↑ 0% | 70 mi |
| Northeastern South Carolina nonmetropolitan area Loan Officers Salary | $63,810↓ 9% | 70 mi |
Comparing salaries near Florence, SC
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Florence, SC?
The median annual salary for a Loan Officers in Florence, SC is $69,740. This typically ranges from $31,190 for entry-level positions to $128,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 19.1% lower than the national median of $86,220.
Is Florence, SC a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Florence, SC is $69,740 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Florence, SC. See distinct detailed breakdown below.
Is Florence, SC a good place to live for Loan Officers?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($61,920) and Myrtle Beach-Conway-North Myrtle Beach, SC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the Florence, SC area with a job density of 1.59 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Florence, SC