Loan Officers Salary in South Bend, IN-MI

BLS Occupational Employment & Wage Statistics • May 2025 • South Bend-Mishawaka, IN-MI

Median annual salary $61,140 -17.6% vs national
Median hourly $29.40
10th percentile $37,440
90th percentile $103,160
Employed locally 130
National median $74,180

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Loan Officers
in
South Bend, IN-MI
vs

    Salary percentile breakdown

    10th
    $37,440
    25th
    $50,210
    50th (median)
    $61,140
    75th
    $78,700
    90th
    $103,160

    South Bend economic context

    Unemployment rate 4.90% 2024 annual avg • BLS LAUS
    Median household income $65,385 2023 • Census ACS
    Loan Officers salary vs area income 94% Median Loan Officers salary is 6% 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 South Bend, IN-MI

    OccupationMedian salary
    Accountants and Auditors $77,700
    Human Resources Specialists $61,320
    Market Research Analysts and Marketing Specialists $63,610
    Project Management Specialists $79,780
    Buyers and Purchasing Agents $63,870
    Training and Development Specialists $55,630

    Frequently asked questions

    How much do Loan Officers make per hour in South Bend?

    The median hourly wage for Loan Officers in South Bend, IN-MI is $29.40, based on BLS OEWS 2025 data. Top earners (90th percentile) make $47.95 or more per hour.

    Is South Bend above or below average for Loan Officers salaries?

    The median Loan Officers salary in South Bend, IN-MI is 17.6% 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 South Bend?

    Entry-level Loan Officers (10th percentile) earn around $37,440 per year in South Bend, IN-MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $50,210.