Loan Officer salary in Spartanburg, SC
Loan Officers in the Spartanburg, SC metro area earn a median of $61,430 a year ($29.53 an hour), based on BLS data for 140 workers.
Pay ranges from $41,760 for the lowest-paid 10% to $127,800 for the top 10%. That is 20% lower than the national median of $76,690. Pay here is 3% lower than the South Carolina statewide median of $63,220. There are 0.83 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.47). The average (mean) salary is $71,390, above the median because a few high earners pull it up.
Pay range for loan officers in Spartanburg, SC
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $41,760 | $20.08 |
| 25th percentile | $47,180 | $22.68 |
| Median | $61,430 | $29.53 |
| 75th percentile | $84,270 | $40.52 |
| 90th percentile (top earners) | $127,800 | $61.44 |
| Average (mean) | $71,390 | $34.32 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,119.17 |
| Semi-monthly (24 a year) | $2,559.58 |
| Biweekly (26 a year) | $2,362.69 |
| Weekly | $1,181.35 |
| Hourly | $29.53 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $61,430 salary, see how much house you can afford in South Carolina at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC | $78,200 | 4,080 |
| Charleston-North Charleston, SC | $65,580 | 700 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | $65,170 | 240 |
| Columbia, SC | $64,660 | 570 |
| Greenville-Anderson-Greer, SC | $61,990 | 790 |
| Hilton Head Island-Bluffton-Port Royal, SC | $61,920 | 130 |
| Florence, SC | $60,670 | 130 |
| Augusta-Richmond County, GA-SC | $59,660 | 270 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the South Carolina statewide figures.
Related jobs in Spartanburg, SC
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,080 | $37.06 |
| Financial and Investment Analysts | $90,630 | $43.57 |
| Personal Financial Advisor | $99,330 | $47.76 |
| Tax Preparer | $38,390 | $18.46 |
| Financial Specialists, All Other | $56,350 | $27.09 |
| Property Appraisers and Assessors | $60,150 | $28.92 |
| Human Resources Specialist | $67,410 | $32.41 |
| Project Management Specialist | $96,810 | $46.54 |
| Logistician | $82,950 | $39.88 |
| Market Research Analysts and Marketing Specialists | $74,510 | $35.82 |
| Training and Development Specialists | $66,460 | $31.95 |
| Buyers and Purchasing Agents | $73,690 | $35.43 |
| Management Analyst | $84,350 | $40.55 |
| Business Operations Specialists, All Other | $76,500 | $36.78 |
More: Business and Financial Operations Occupations · all salaries in Spartanburg, SC
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Spartanburg, SC?
The median salary for loan officers in the Spartanburg, SC metro area is $61,430 a year, or $29.53 an hour. Pay ranges from $41,760 for the lowest-paid 10% to $127,800 for the top 10%.
How much do the highest-paid loan officers make in Spartanburg, SC?
The top 10% of loan officers in the Spartanburg, SC metro area earn at least $127,800 a year. The top 25% earn $84,270 or more.
What is the starting pay for loan officers in Spartanburg, SC?
Entry-level pay (the 10th percentile) is about $41,760 a year, and a quarter of loan officers earn $47,180 or less.
How many loan officers work in Spartanburg, SC?
About 140 loan officers are employed in the Spartanburg, SC metro area, not counting the self-employed.