Loan Officers Salary in Springfield, IL

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

Median annual salary $69,340 -6.5% vs national
Median hourly $33.34
10th percentile $48,800
90th percentile $126,810
Employed locally 170
National median $74,180

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Loan Officers
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Springfield, IL
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    Salary percentile breakdown

    10th
    $48,800
    25th
    $51,870
    50th (median)
    $69,340
    75th
    $98,570
    90th
    $126,810

    Springfield economic context

    Unemployment rate 4.30% 2024 annual avg • BLS LAUS
    Median household income $74,580 2023 • Census ACS
    Loan Officers salary vs area income 93% Median Loan Officers salary is 7% 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 Springfield, IL

    OccupationMedian salary
    Business Operations Specialists, All Other $93,590
    Accountants and Auditors $83,970
    Human Resources Specialists $72,100
    Management Analysts $92,120
    Project Management Specialists $86,280
    Market Research Analysts and Marketing Specialists $60,560

    Frequently asked questions

    How much do Loan Officers make per hour in Springfield?

    The median hourly wage for Loan Officers in Springfield, IL is $33.34, based on BLS OEWS 2025 data. Top earners (90th percentile) make $72.86 or more per hour.

    Is Springfield above or below average for Loan Officers salaries?

    The median Loan Officers salary in Springfield, IL is 6.5% 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 Springfield?

    Entry-level Loan Officers (10th percentile) earn around $48,800 per year in Springfield, IL. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $51,870.