Loan Officer Salary in Illinois
Explore loan officer salaries in Illinois including median pay, entry-level and senior compensation, and how it compares to the national average.
Salary Breakdown
| Pay Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $47,788 | $81,239 | $114,689 |
| Monthly | $3,982 | $6,770 | $9,557 |
| Biweekly | $1,838 | $3,125 | $4,411 |
| Weekly | $919 | $1,562 | $2,206 |
| Hourly | $23 | $39 | $55 |
IL vs National Comparison
About This Career
Evaluate loan applications and manage lending relationships with clients.
Education
Bachelor's degree in Finance or related field
Key Skills
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Compare salaries for other business & finance jobs in Illinois:
Explore Related Data for a Loan Officer in Illinois
Dig into every angle of a loan officer salary ($81,239 median) in Illinois — take-home pay, affordability, taxes, mortgage, retirement, and city-level data.
Take-home pay on $81,239 in Illinois
Federal, state, Social Security, and Medicare — what you keep after taxes.
What you can afford on $81,239 in Illinois
Home price, rent, and monthly spending guidelines for this income.
Tax brackets on $81,239 in Illinois
Exactly which federal and state brackets your salary crosses.
$300,000 mortgage in Illinois
Monthly payment, property tax, and total interest at typical rates.
Retirement at 30 earning $80,000
Savings benchmarks and projections for your income level.
Loan Officer salary in Chicago
Drill down to city-level salary data for Chicago, Illinois.
Frequently Asked Questions
What is the median loan officer salary in Illinois?
The median loan officer salary in Illinois is $81,239, compared to a national median of $77,370.
What is the entry-level loan officer salary in Illinois?
Entry-level loan officer positions in Illinois typically pay around $47,788 annually.
What is the senior loan officer salary in Illinois?
Senior loan officer professionals in Illinois earn around $114,689 annually.
What is the job growth outlook for loan officer?
The projected 10-year job growth outlook for loan officer positions is 16%, which indicates strong demand in this field.
What education is needed to become a loan officer?
Bachelor's degree in Finance or related field