Loan Officers Salary in Chicago, IL-IN-WI
2024 wage data from the Bureau of Labor Statistics
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.
Loan Officerss in Chicago, IL-IN-WI earn $3,090 more (4%) than the national median of $74,180.
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.
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
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 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 Area | Median 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
| Occupation | Median 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 |