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