Loan Officers Salary in Illinois
Loan Officers in Illinois earn a median annual wage of $79,150 —3.2% above the national median of $76,690. That ranks IL #21 of 51 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment concentration (1.01×) is close to the national average.
Highest-paying states for loan officers
All 51 states ranked by median annual wage. Illinois is highlighted.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | $48.85 | 4,470 | 0.70 |
| 2 | Connecticut | $95,730 | $46.03 | 2,220 | 0.74 |
| 3 | New York | $95,710 | $46.01 | 10,840 | 0.63 |
| 4 | Minnesota | $95,170 | $45.76 | 6,430 | 1.24 |
| 5 | Colorado | $94,520 | $45.44 | 3,230 | 0.64 |
| 6 | Oregon | $94,440 | $45.40 | 4,220 | 1.22 |
| 7 | New Jersey | $92,920 | $44.67 | 6,200 | 0.82 |
| 8 | District of Columbia | $92,890 | $44.66 | 370 | 0.30 |
| 9 | Vermont | $88,710 | $42.65 | 350 | 0.64 |
| 10 | Kansas | $86,970 | $41.81 | 3,540 | 1.40 |
Related occupations in Illinois
Occupations in the same job family, compared within Illinois.
| Occupation | Illinois median | U.S. median |
|---|---|---|
| Accountants and Auditors | $80,230 | $83,680 |
| Business Operations Specialists, All Other | $82,070 | $83,050 |
| Project Management Specialists | $103,470 | $102,320 |
| Human Resources Specialists | $76,820 | $75,940 |
| Market Research Analysts and Marketing Specialists | $79,120 | $78,760 |
| Management Analysts | $104,270 | $101,860 |
Frequently asked questions
How much do loan officers make in Illinois?
The median annual wage for loan officers in Illinois is $79,150, or $38.05 per hour. That is 3.2% above the national median of $76,690.
What is the entry-level loan officers salary in Illinois?
Workers at the 10th percentile earn $43,020 per year ($20.69/hour). The 25th percentile is $60,520.
How many people work as loan officers in Illinois?
About 10,890 people work in this occupation in Illinois, or 1.8 per 1,000 jobs statewide.
Is Illinois a good state for loan officers?
Illinois ranks #21 of 51 states by median wage for this occupation. Employment concentration (1.01x) is close to the national average.
Which state pays loan officers the most?
Massachusetts has the highest median wage at $101,600 per year, followed by Connecticut ($95,730) and New York ($95,710).