Loan Officers Salary in Indianapolis, IN
2024 wage data from the Bureau of Labor Statistics
Median Salary
$78,190
Average Salary
$87,320
vs National
+$4,010
Employed
1,530
Salary Overview
Loan Officers is a above-average occupation in Indianapolis, IN, with a median annual salary of $78,190. Loan Officerss in Indianapolis, IN earn $4,010 more (5%) than the national median of $74,180. Experienced Loan Officerss can expect to roughly double their starting salary over their career.
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Loan Officerss in Indianapolis, IN earn $4,010 more (5%) than the national median of $74,180.
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About 1,530 Loan Officerss work in Indianapolis, IN, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Indianapolis, IN's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
$47,320$132,920
10th %ileMedian: $78,19090th %ile
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $47,320 | $3,943 |
| 25th Percentile | $53,940 | $4,495 |
| Median | $78,190 | $6,516 |
| 75th Percentile | $105,710 | $8,809 |
| 90th Percentile | $132,920 | $11,077 |
| Mean (Average) | $87,320 | $7,277 |
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 Indianapolis, IN
| Occupation | Median Salary |
|---|---|
| Architectural and Engineering Managers | $156,820 |
| Financial Managers | $139,660 |
| Lawyers | $135,660 |
| Database Administrators | $133,790 |
| Nurse Practitioners | $130,950 |
| Marketing Managers | $127,770 |
| Computer Network Architects | $123,770 |
| General and Operations Managers | $123,580 |
| Engineers, All Other | $114,770 |
| Compensation and Benefits Managers | $110,310 |
Explore More About This Area
Frequently Asked Questions
What is the average Loan Officers salary in Indianapolis, IN?
The median annual salary for a Loan Officers in Indianapolis, IN is $78,190 as of 2024. The average (mean) salary is $87,320.
What is the salary range for Loan Officers in Indianapolis, IN?
Loan Officers salaries in Indianapolis, IN range from $47,320 (10th percentile) to $132,920 (90th percentile). The middle 50% earn between $53,940 and $105,710.
How many Loan Officers work in Indianapolis, IN?
There are approximately 1,530 Loan Officers employed in the Indianapolis, IN metropolitan area.
Is Loan Officers a good career in Indianapolis, IN?
Loan Officers is a above-average occupation in Indianapolis, IN, with a median annual salary of $78,190. Loan Officerss in Indianapolis, IN earn $4,010 more (5%) than the national median of $74,180. Experienced Loan Officerss can expect to roughly double their starting salary over their career.
What is the earning potential for Loan Officerss?
Experienced Loan Officerss can expect to roughly double their starting salary over their career. Specialization and leadership roles offer the best path to higher earnings.
Is the Loan Officers salary enough to live in Indianapolis, IN?
When evaluating this salary, factor in Indianapolis, IN's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.