SalaryByCity

Loan Officers Salary in Chicago, IL-IN-WI

2024 wage data from the Bureau of Labor Statistics

Median Salary
$77,270
Average Salary
$92,600
vs National
+$3,090
Employed
7,040

Salary Overview

Loan Officers is a above-average occupation in Chicago, IL-IN-WI, with a median annual salary of $77,270. Loan Officerss in Chicago, IL-IN-WI earn $3,090 more (4%) than the national median of $74,180. There is significant earning potential — top earners make 3.

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Loan Officerss in Chicago, IL-IN-WI earn $3,090 more (4%) than the national median of $74,180.

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The average salary ($92,600) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.

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With 7,040 Loan Officerss employed in Chicago, IL-IN-WI, there is a strong job market and likely good career opportunities.

Cost of Living Consideration

When evaluating this salary, factor in Chicago, IL-IN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.

Salary Distribution

$47,940$152,530
10th %ileMedian: $77,27090th %ile
PercentileAnnual SalaryMonthly
10th Percentile$47,940$3,995
25th Percentile$56,440$4,703
Median$77,270$6,439
75th Percentile$105,110$8,759
90th Percentile$152,530$12,711
Mean (Average)$92,600$7,717

Loan Officers Salary in Other Cities

Metro AreaMedian Salary
New York-Newark-Jersey City, NY-NJ-PA$102,540
Boston-Cambridge-Nashua, MA-NH$94,850
Washington-Arlington-Alexandria, DC-VA-MD-WV$94,840
San Francisco-Oakland-Berkeley, CA$94,110
Minneapolis-St. Paul-Bloomington, MN-WI$91,900
San Jose-Sunnyvale-Santa Clara, CA$81,990
Denver-Aurora-Lakewood, CO$81,200
Charlotte-Concord-Gastonia, NC-SC$81,160
Los Angeles-Long Beach-Anaheim, CA$80,340
Kansas City, MO-KS$79,690

Highest Paying Jobs in Chicago, IL-IN-WI

OccupationMedian Salary
Family Medicine Physicians$182,830
Lawyers$166,090
Financial Managers$164,470
Natural Sciences Managers$161,340
Architectural and Engineering Managers$159,110
Marketing Managers$158,800
Computer Network Architects$140,760
Human Resources Managers$137,760
Managers, All Other$137,040
Database Administrators$134,900

Explore More About This Area

Cost of Living in Chicago, IL-IN-WICity Guide: Chicago, IL-IN-WI

Frequently Asked Questions

What is the average Loan Officers salary in Chicago, IL-IN-WI?
The median annual salary for a Loan Officers in Chicago, IL-IN-WI is $77,270 as of 2024. The average (mean) salary is $92,600.
What is the salary range for Loan Officers in Chicago, IL-IN-WI?
Loan Officers salaries in Chicago, IL-IN-WI range from $47,940 (10th percentile) to $152,530 (90th percentile). The middle 50% earn between $56,440 and $105,110.
How many Loan Officers work in Chicago, IL-IN-WI?
There are approximately 7,040 Loan Officers employed in the Chicago, IL-IN-WI metropolitan area.
Is Loan Officers a good career in Chicago, IL-IN-WI?
Loan Officers is a above-average occupation in Chicago, IL-IN-WI, with a median annual salary of $77,270. Loan Officerss in Chicago, IL-IN-WI earn $3,090 more (4%) than the national median of $74,180. There is significant earning potential — top earners make 3.
What is the earning potential for Loan Officerss?
There is significant earning potential — top earners make 3.2x more than entry-level. Experience, specialization, and certifications can dramatically increase your pay.
Is the Loan Officers salary enough to live in Chicago, IL-IN-WI?
When evaluating this salary, factor in Chicago, IL-IN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.