Loan Officers Salary in Rockford, IL

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

Median annual salary $64,470 -13.1% vs national
Median hourly $31.00
10th percentile $45,660
90th percentile $127,120
Employed locally 80
National median $74,180

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Loan Officers
in
Rockford, IL
vs

    Salary percentile breakdown

    10th
    $45,660
    25th
    $51,830
    50th (median)
    $64,470
    75th
    $94,900
    90th
    $127,120

    Rockford economic context

    Unemployment rate 5.60% 2024 annual avg • BLS LAUS
    Median household income $66,571 2023 • Census ACS
    Loan Officers salary vs area income 97% Median Loan Officers salary is 3% 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 Rockford, IL

    OccupationMedian salary
    Accountants and Auditors $70,050
    Human Resources Specialists $62,830
    Business Operations Specialists, All Other $61,320
    Buyers and Purchasing Agents $70,670
    Project Management Specialists $78,480
    Market Research Analysts and Marketing Specialists $59,750

    Frequently asked questions

    How much do Loan Officers make per hour in Rockford?

    The median hourly wage for Loan Officers in Rockford, IL is $31.00, based on BLS OEWS 2025 data. Top earners (90th percentile) make $61.23 or more per hour.

    Is Rockford above or below average for Loan Officers salaries?

    The median Loan Officers salary in Rockford, IL is 13.1% 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 Rockford?

    Entry-level Loan Officers (10th percentile) earn around $45,660 per year in Rockford, IL. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $51,830.