LocalSalaryHub Salary Report
Loan Officers in Spartanburg, SC · Generated June 17, 2026
Loan Officers Salary in Spartanburg, SC $61,430/yr
$61,430
Mean: $71,390
~$47,915 est. take-home
$29.53
Based on 2,080 hrs/yr
100
100 = national avg
Very affordable
Affordability score: 98/100
$1,621/mo
39%
Salary Distribution
Where the median falls between the 25th and 75th percentile.
25th %
$47,180
Median
$61,430
75th %
$84,270
Median is in the 38th percentile of the typical range
Loan Officers in other SC cities
Compare the same occupation across cities in SC.
About Loan Officers salaries in Spartanburg, SC
Loan Officers in Spartanburg, SC earn a median of $61,430 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $71,390, which tends to skew higher because a small number of high earners pull the average up.
Most loan officers in this area earn between $47,180 and $84,270. Where you land depends on experience, employer type, and whether you have in-demand specializations.
That works out to roughly $29.53 per hour assuming a standard 2,080-hour work year. Actual hourly pay may differ for part-time or contract roles.
Career Outlook
4% growth. Mortgage volume swings with interest rates, but commercial lending, SBA loans, and fintech platforms create steadier demand. When rates drop, refinance booms create temporary spikes in hiring.
Worth knowing: Commercial loan officers consistently out-earn consumer loan officers. The commission structure matters more than the base salary — top producers at commercial banks can double their base through origination fees.
Loan Officers Jobs in Spartanburg, SC
Median: $61,430/yr — browse openings that fit.
Loan Officers jobs on Indeed
Search thousands of openings
Loan Officers on LinkedIn
Network & apply
Loan Officers on ZipRecruiter
AI-matched positions
Loan Officers on Glassdoor
Salary + reviews
Boost your skills
Courses for Loan
External job listings · LocalSalaryHub may earn a referral fee
Frequently Asked Questions
What is the average salary for a loan officers in Spartanburg?▾
The median — where half earn more and half earn less — is $61,430. The average (mean) is $71,390, which is higher because top earners pull it up.
How much does a loan officers make per hour in Spartanburg?▾
About $29.53/hour, based on a standard 2,080-hour work year. Part-time or overtime hours will change the actual rate.
What is the salary range for loan officers in Spartanburg?▾
The middle 50% earn between $47,180 and $84,270. Below $47,180 is typically entry-level; above $84,270 usually means significant experience or specialized skills.
Salary Conversion Table
How does $61,430 per year break down across different time periods?
| Period | Gross | Est. Take-Home |
|---|---|---|
| Yearly | $61,430 | $47,915 |
| Monthly | $5,119 | $3,993 |
| Biweekly | $2,363 | $1,843 |
| Weekly | $1,181 | $921 |
| Hourly (40h/wk) | $29.53 | $23.04 |
| Hourly (35h/wk) | $33.75 | $26.33 |
| Hourly (30h/wk) | $39.38 | $30.71 |
| Daily (8h) | $236 | $184 |
Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.
Loan Officers: Highest-Paying Cities in the U.S.
Top 10 cities nationwide for loan officers, based on BLS median salary data.
Related Occupations in Spartanburg
Similar roles in the same field, ranked by national average salary.
Project Management Specialists
346 cities
Management Analysts
336 cities
Accountants and Auditors
348 cities
Business Operations Specialists, All Other
344 cities
Cost Estimators
338 cities
Compliance Officers
346 cities
Buyers and Purchasing Agents
347 cities
Human Resources Specialists
348 cities
Get Salary Alerts
Be the first to know when Loan Officers salaries change in Spartanburg, SC.
Free alerts · No spam · Unsubscribe anytime
See more salary data
More pages tied to this occupation and region.
- Loan Officers salaries nationwide — the national median and the highest-paying metros for loan officers across all states.
- All SC salary data — every occupation we cover in SC, ranked by median pay, plus the cities that pay the most.
- Loan Officers in Enid, OK — the top-paying city for loan officers in our dataset, in case you are weighing a move out of Spartanburg.
- Project Management Specialists salary overview — a closely related role (same SOC major group) with a national median of $93,644.