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Average Loan Officers Salary in Northeastern South Carolina nonmetropolitan area

The average salary for Loan Officerss in Northeastern South Carolina nonmetropolitan area is $63,810. While this is lower than the national average, the cost of living in Northeastern South Carolina nonmetropolitan area may offset the difference, preserving real purchasing power. Notably, Northeastern South Carolina nonmetropolitan area is a key hub for this profession, with a job concentration 1.21x higher than average.

Executive Summary

  • Average Salary: $63,810 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $98,550.
  • Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Northeastern South Carolina nonmetropolitan area economy.
2024 Market Data

Salary Overview

$63,810

The average Loan Officers in Northeastern South Carolina nonmetropolitan area earns-26.0%below the national average.

BreakdownBased on 40h/week
Hourly

$30.7

Weekly

$1,227

Monthly

$5,318

Loan Officers Salary Distribution in Northeastern South Carolina nonmetropolitan area

The earning potential for Loan Officerss in Northeastern South Carolina nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,900, while highly experienced professionals can command wages upwards of $98,550.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$35,900$17.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$47,858$23
ManagerOversees team, compliance, and project delivery.50% (Median)$52,860$25.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$79,763$38.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$98,550$47.4

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$63,810

Gross Pay

Real Wage (Purchasing Power)

$63,810

Adjusted for COL (100)

In Northeastern South Carolina nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $63,810 to $63,810.

Job Market Context

180

Total Jobs

2.273

Per 1K Jobs

1.21

Location Quotient

Above Average

With a location quotient of 1.21, Northeastern South Carolina nonmetropolitan area has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.

180 people work as Loan Officers in Northeastern South Carolina nonmetropolitan area.

Moderate density — roughly 2.273 out of every 1,000 local jobs are in this profession.

Nearby Job Markets

Nearby Cities for Loan Officers

Comparing salaries near Northeastern South Carolina nonmetropolitan area

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Northeastern South Carolina nonmetropolitan area?

The median annual salary for a Loan Officers in Northeastern South Carolina nonmetropolitan area is $63,810. This typically ranges from $35,900 for entry-level positions to $98,550 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northeastern South Carolina nonmetropolitan area is 26.0% lower than the national median of $86,220.

Is Northeastern South Carolina nonmetropolitan area a good place for Loan Officerss?

Yes, Northeastern South Carolina nonmetropolitan area is highly recommended due to strong job demand. While salaries are competitive ($63,810), the area is particularly notable for its high job density for Loan Officerss. See distinct detailed breakdown below.

Is Northeastern South Carolina nonmetropolitan area a good place to live for Loan Officers?

The Cost of Living Index in Northeastern South Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northeastern South Carolina nonmetropolitan area?

Some top paying nearby cities include Columbia, SC ($76,480) and Sumter, SC.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Northeastern South Carolina nonmetropolitan area area with a job density of 2.273 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.