Loan Officers Salary in Chicago, IL (2024)
Source: BLS OEWS May 2024 · Chicago-Naperville-Elgin, IL-IN · 7,040 employed
The average Loan Officers salary in Chicago, IL is $92,600 per year. The middle 50% of Loan Officerss earn between $56,440 and $105,110. Top earners in the 90th percentile make $152,530 or more. Entry-level positions typically start around $47,940. The median of $77,270 is above the mean, reflecting the wage distribution in this field.
Loan Officers Salary Breakdown in Chicago, IL
| Percentile | Annual Salary |
|---|---|
| 10th Percentile (Entry-level) | $47,940 |
| 25th Percentile | $56,440 |
| Median (50th Percentile) | $77,270 |
| Mean (Average) | $92,600 |
| 75th Percentile | $105,110 |
| 90th Percentile (Top earners) | $152,530 |
Related Jobs in Chicago, IL
| Occupation | Mean Annual |
|---|---|
| Personal Financial Advisors | $162,700 |
| Management Analysts | $127,990 |
| Financial and Investment Analysts | $117,210 |
| Financial Risk Specialists | $114,200 |
| Financial Examiners | $112,940 |
| Project Management Specialists | $111,740 |
Loan Officers Salaries in Other Cities
| City | Mean Annual |
|---|---|
| Dayton, OH | $135,040 |
| New York, NY | $125,440 |
| Elmira, NY | $123,770 |
| New Haven, CT | $114,840 |
| Washington, DC | $112,140 |
| Lawrence, KS | $111,560 |
| Boston, MA | $110,820 |
| San Francisco, CA | $109,880 |
Frequently Asked Questions
What is the average Loan Officers salary in Chicago, IL?
The average Loan Officers salary in Chicago, IL is $92,600 per year, according to BLS OEWS May 2024.
What is the median Loan Officers salary in Chicago, IL?
The median Loan Officers salary in Chicago, IL is $77,270 per year. Half of Loan Officerss earn more than this and half earn less.
How much do entry-level Loan Officerss make in Chicago, IL?
Entry-level Loan Officerss in Chicago, IL typically earn around $47,940 per year (10th percentile). Workers in the 25th percentile earn about $56,440.
What do the highest-paid Loan Officerss earn in Chicago, IL?
The highest-paid Loan Officerss in Chicago, IL earn $152,530 or more per year (90th percentile). The 75th percentile wage is $105,110.
How many Loan Officerss work in Chicago, IL?
There are approximately 7,040 Loan Officerss employed in the Chicago-Naperville-Elgin, IL-IN area, per BLS OEWS May 2024.