Loan Officers Salary in Kankakee, IL

BLS Occupational Employment & Wage Statistics • May 2025 • Kankakee, IL

Median annual salary $60,630 -18.3% vs national
Median hourly $29.15
10th percentile $50,470
90th percentile $124,930
Employed locally 70
National median $74,180

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Loan Officers
in
Kankakee, IL
vs

    Salary percentile breakdown

    10th
    $50,470
    25th
    $50,470
    50th (median)
    $60,630
    75th
    $96,210
    90th
    $124,930

    Kankakee economic context

    Unemployment rate 5.70% 2024 annual avg • BLS LAUS
    Median household income $68,325 2023 • Census ACS
    Loan Officers salary vs area income 89% Median Loan Officers salary is 11% 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 Kankakee, IL

    OccupationMedian salary
    Accountants and Auditors $63,910
    Human Resources Specialists $61,220
    Business Operations Specialists, All Other $74,670
    Buyers and Purchasing Agents $61,940
    Training and Development Specialists $58,070
    Market Research Analysts and Marketing Specialists $57,820

    Frequently asked questions

    How much do Loan Officers make per hour in Kankakee?

    The median hourly wage for Loan Officers in Kankakee, IL is $29.15, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.50 or more per hour.

    Is Kankakee above or below average for Loan Officers salaries?

    The median Loan Officers salary in Kankakee, IL is 18.3% 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 Kankakee?

    Entry-level Loan Officers (10th percentile) earn around $50,470 per year in Kankakee, IL. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $50,470.