Loan Officers Salary in Champaign, IL

BLS Occupational Employment & Wage Statistics • May 2025 • Champaign-Urbana, IL

Median annual salary $75,370 +1.6% vs national
Median hourly $36.24
10th percentile $46,840
90th percentile $128,830
Employed locally 200
National median $74,180

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Loan Officers
in
Champaign, IL
vs

    Salary percentile breakdown

    10th
    $46,840
    25th
    $59,440
    50th (median)
    $75,370
    75th
    $99,110
    90th
    $128,830

    Champaign economic context

    Unemployment rate 4.20% 2024 annual avg • BLS LAUS
    Median household income $64,558 2023 • Census ACS
    Loan Officers salary vs area income 117% Median Loan Officers salary is 17% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Milwaukee-Waukesha, WI $81,680
    Wilmington, NC $81,540
    Janesville-Beloit, WI $78,380
    Norwich-New London-Willimantic, CT $78,300
    Fayetteville-Springdale-Rogers, AR $77,840
    Sacramento-Roseville-Folsom, CA $77,800

    Related occupations in Champaign, IL

    OccupationMedian salary
    Accountants and Auditors $64,620
    Business Operations Specialists, All Other $64,270
    Human Resources Specialists $65,440
    Training and Development Specialists $63,980
    Buyers and Purchasing Agents $70,130
    Market Research Analysts and Marketing Specialists $63,960

    Frequently asked questions

    How much do Loan Officers make per hour in Champaign?

    The median hourly wage for Loan Officers in Champaign, IL is $36.24, based on BLS OEWS 2025 data. Top earners (90th percentile) make $64.75 or more per hour.

    Is Champaign above or below average for Loan Officers salaries?

    The median Loan Officers salary in Champaign, IL is 1.6% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Champaign?

    Entry-level Loan Officers (10th percentile) earn around $46,840 per year in Champaign, IL. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $59,440.