Loan Officers Salary in Elkhart, IN

BLS Occupational Employment & Wage Statistics • May 2025 • Elkhart-Goshen, IN

Median annual salary $62,590 -15.6% vs national
Median hourly $30.09
10th percentile $49,260
90th percentile $120,910
Employed locally 90
National median $74,180

Compare Loan Officers salary & buying power

Type a city below to see how Elkhart, IN stacks up on salary and cost of living.

Full tool →
Loan Officers
in
Elkhart, IN
vs

    Salary percentile breakdown

    10th
    $49,260
    25th
    $51,010
    50th (median)
    $62,590
    75th
    $78,370
    90th
    $120,910

    Elkhart economic context

    Unemployment rate 4.90% 2024 annual avg • BLS LAUS
    Median household income $65,617 2023 • Census ACS
    Loan Officers salary vs area income 95% Median Loan Officers salary is 5% 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
    Des Moines-West Des Moines, IA $97,000
    Salinas, CA $95,960
    Washington-Arlington-Alexandria, DC-VA-MD-WV $94,840
    Minneapolis-St. Paul-Bloomington, MN-WI $91,900
    Minnesota $84,480
    Trenton-Princeton, NJ $83,730

    Related occupations in Elkhart, IN

    OccupationMedian salary
    Accountants and Auditors $79,400
    Buyers and Purchasing Agents $75,500
    Human Resources Specialists $61,840
    Market Research Analysts and Marketing Specialists $64,320
    Project Management Specialists $86,600
    Training and Development Specialists $59,480

    Frequently asked questions

    How much do Loan Officers make per hour in Elkhart?

    The median hourly wage for Loan Officers in Elkhart, IN is $30.09, based on BLS OEWS 2025 data. Top earners (90th percentile) make $65.57 or more per hour.

    Is Elkhart above or below average for Loan Officers salaries?

    The median Loan Officers salary in Elkhart, IN is 15.6% below 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 Elkhart?

    Entry-level Loan Officers (10th percentile) earn around $49,260 per year in Elkhart, IN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $51,010.