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Loan Officers Salary in Illinois
Ranked #20 of 51 · IL
Salary Distribution (10th–90th percentile)
About 80% of loan officerss in Illinois earn between $43,020 and $137,080. The blue band is the middle 50% (P25–P75); the dot marks the median.
Compared to the U.S.
The mean loan officers salary in Illinois is $89,350, about 1.8% above the U.S. average ($87,790). That works out to roughly $43/hr at 2,080 hours per year.
Metro Areas in Illinois
| Metro area | Median | Mean | Employment |
|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $80,040 | $91,650 | 7,380 |
| West Central Illinois nonmetropolitan area | $79,820 | $86,230 | 480 |
| South Illinois nonmetropolitan area | $79,620 | $85,970 | 370 |
| East Central Illinois nonmetropolitan area | $79,430 | $86,110 | 350 |
| Champaign-Urbana, IL | $78,950 | $89,240 | 210 |
| Northwest Illinois nonmetropolitan area | $78,760 | $86,490 | 300 |
| Springfield, IL | $78,600 | $90,720 | 190 |
| Rockford, IL | $75,880 | $83,070 | 90 |
Frequently Asked Questions
How much do loan officers make in Illinois?
The median loan officers salary in Illinois is $79,150 per year (mean $89,350), and about 80% earn between $43,020 and $137,080.
How much do loan officers make per hour in Illinois?
Roughly $43 per hour, based on a mean annual wage of $89,350 and 2,080 work hours per year.
Is Illinois a high-paying state for loan officers?
Illinois ranks #20 of 51 states for loan officers pay. Its mean salary of $89,350 is about 1.8% above the U.S. average of $87,790.
Which metro areas in Illinois pay loan officers the most?
The highest-paying metro areas in Illinois for loan officers are Chicago-Naperville-Elgin, IL-IN ($80,040), West Central Illinois nonmetropolitan area ($79,820), South Illinois nonmetropolitan area ($79,620), by median annual wage.