The average salary for a loan officer in Illinois is around $79,150 per year.
Avg Salary
Loan officers earn an average yearly salary of $79,150.
Wages typically start from $43,020 and go up to $137,080.
21% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$65.90 per hour
$137,080 per year
75th percentile
Senior-level loan officer earnings begin at:
$50.27 per hour
$104,560 per year
50th percentile
Mid-level loan officer earnings begin at:
$38.05 per hour
$79,150 per year
25th percentile
Junior-level loan officer earnings begin at:
$29.10 per hour
$60,520 per year
10th percentile
Starting level loan officer earnings begin at:
$20.69 per hour
$43,020 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
| Massachusetts | $101,600 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Illinois. On average, they make less than consultants but more than revenue agents.
| Career | Median Salary |
|---|---|
| Consultant salary | $82K |
| Fraud analyst salary | $81K |
| Financial quantitative analyst salary | $81K |
| Risk management specialist salary | $81K |
| Investment banker salary | $81K |
| Loan officer salary | $79K |
| Auditor salary | $80K |
| Accountant salary | $80K |
| Cost estimator salary | $83K |
| Revenue agent salary | $81K |
Source: CareerExplorer (Aggregated)