Loan Officers Salary in Chicago, IL-IN

BLS Occupational Employment & Wage Statistics • May 2025 • Chicago-Naperville-Elgin, IL-IN

Median annual salary $77,270 +4.2% vs national
Median hourly $37.15
10th percentile $47,940
90th percentile $152,530
Employed locally 7,040
National median $74,180

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Loan Officers
in
Chicago, IL-IN
vs

    Salary percentile breakdown

    10th
    $47,940
    25th
    $56,440
    50th (median)
    $77,270
    75th
    $105,110
    90th
    $152,530

    Chicago economic context

    Unemployment rate 5.10% 2024 annual avg • BLS LAUS
    Median household income $88,850 2023 • Census ACS
    Loan Officers salary vs area income 87% Median Loan Officers salary is 13% below 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 Chicago, IL-IN

    OccupationMedian salary
    Accountants and Auditors $81,210
    Management Analysts $120,140
    Business Operations Specialists, All Other $78,320
    Market Research Analysts and Marketing Specialists $76,380
    Human Resources Specialists $75,610
    Project Management Specialists $104,640

    Frequently asked questions

    How much do Loan Officers make per hour in Chicago?

    The median hourly wage for Loan Officers in Chicago, IL-IN is $37.15, based on BLS OEWS 2025 data. Top earners (90th percentile) make $68.83 or more per hour.

    Is Chicago above or below average for Loan Officers salaries?

    The median Loan Officers salary in Chicago, IL-IN is 4.2% 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 Chicago?

    Entry-level Loan Officers (10th percentile) earn around $47,940 per year in Chicago, IL-IN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $56,440.