Loan Officers Salary in Kokomo, IN

BLS Occupational Employment & Wage Statistics • May 2025 • Kokomo, IN

Median annual salary $60,180 -18.9% vs national
Median hourly $28.93
10th percentile $43,570
90th percentile $110,050
Employed locally 60
National median $74,180

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Loan Officers
in
Kokomo, IN
vs

    Salary percentile breakdown

    10th
    $43,570
    25th
    $53,390
    50th (median)
    $60,180
    75th
    $79,230
    90th
    $110,050

    Kokomo economic context

    Unemployment rate 6.90% 2024 annual avg • BLS LAUS
    Median household income $62,496 2023 • Census ACS
    Loan Officers salary vs area income 96% Median Loan Officers salary is 4% 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 Kokomo, IN

    OccupationMedian salary
    Labor Relations Specialists $76,700
    Accountants and Auditors $76,180
    Human Resources Specialists $65,530
    Market Research Analysts and Marketing Specialists $56,790
    Management Analysts $98,230
    Personal Financial Advisors $83,590

    Frequently asked questions

    How much do Loan Officers make per hour in Kokomo?

    The median hourly wage for Loan Officers in Kokomo, IN is $28.93, based on BLS OEWS 2025 data. Top earners (90th percentile) make $57.95 or more per hour.

    Is Kokomo above or below average for Loan Officers salaries?

    The median Loan Officers salary in Kokomo, IN is 18.9% 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 Kokomo?

    Entry-level Loan Officers (10th percentile) earn around $43,570 per year in Kokomo, IN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $53,390.