The average salary for a loan officer in Illinois is around $81,620 per year.
Avg Salary
Loan officers earn an average yearly salary of $81,620.
Wages typically start from $33,870 and go up to $196,688.
50% above national average Updated in 2018
Loan officer earnings by seniority
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Alaska | $56,980 |
| Alabama | $53,488 |
| Arkansas | $55,514 |
| Arizona | $52,696 |
| California | $60,420 |
| Colorado | $61,010 |
| Connecticut | $88,768 |
| District of Columbia | $74,840 |
| Delaware | $60,140 |
| Florida | $67,760 |
| Georgia | $54,690 |
| Guam | $45,840 |
| Hawaii | $66,666 |
| Iowa | $61,518 |
| Idaho | $59,677 |
| Illinois | $81,620 |
| Indiana | $57,023 |
| Kansas | $75,462 |
| Kentucky | $67,450 |
| Louisiana | $48,230 |
| Massachusetts | $70,090 |
| Maryland | $68,060 |
| Maine | $64,110 |
| Minnesota | $72,030 |
| Missouri | $68,010 |
| Mississippi | $57,500 |
| Montana | $57,840 |
| North Carolina | $62,360 |
| North Dakota | $67,610 |
| Nebraska | $75,800 |
| New Hampshire | $76,430 |
| New Jersey | $73,180 |
| New Mexico | $51,460 |
| Nevada | $60,630 |
| New York | $78,520 |
| Ohio | $64,770 |
| Oklahoma | $61,230 |
| Oregon | $64,610 |
| Pennsylvania | $66,807 |
| Puerto Rico | $29,150 |
| Rhode Island | $60,460 |
| South Carolina | $60,250 |
| South Dakota | $59,520 |
| Tennessee | $54,490 |
| Texas | $68,710 |
| Utah | $45,470 |
| Virginia | $63,860 |
| Vermont | $58,650 |
| Washington | $60,540 |
| Wisconsin | $62,850 |
| West Virginia | $48,820 |
| Wyoming | $61,860 |
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 stock traders but more than financial analysts.
| Career | Median Salary |
|---|---|
| Stock trader salary | $92K |
| Securities and commodities broker salary | $92K |
| Actuary salary | $108K |
| Financial quantitative analyst salary | $93K |
| Risk management specialist salary | $90K |
| Loan officer salary | $82K |
| Investment banker salary | $89K |
| Fraud analyst salary | $87K |
| Business analyst salary | $80K |
| Financial analyst salary | $89K |
Source: CareerExplorer (Aggregated)