The average salary for a loan officer in Indiana is around $72,960 per year.
Avg Salary
Loan officers earn an average yearly salary of $72,960.
Wages typically start from $43,870 and go up to $129,740.
16% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$62.38 per hour
$129,740 per year
75th percentile
Senior-level loan officer earnings begin at:
$47.58 per hour
$98,960 per year
50th percentile
Mid-level loan officer earnings begin at:
$35.08 per hour
$72,960 per year
25th percentile
Junior-level loan officer earnings begin at:
$24.22 per hour
$50,380 per year
10th percentile
Starting level loan officer earnings begin at:
$21.09 per hour
$43,870 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 Indiana. On average, they make less than operations research analysts but more than credit analysts.
| Career | Median Salary |
|---|---|
| Operations research analyst salary | $85K |
| Financial analyst salary | $82K |
| Auditor salary | $78K |
| Accountant salary | $78K |
| Budget analyst salary | $82K |
| Loan officer salary | $73K |
| Consultant salary | $65K |
| Cost estimator salary | $73K |
| Social fundraiser salary | $66K |
| Credit analyst salary | $63K |
Source: CareerExplorer (Aggregated)