Loan Officer Salary in Illinois
The median loan officer salary in Illinois is $66,397 per year, which is 1.0% above the national median of $65,740.
Loan Officer Salary in Illinois by Experience
In Illinois, an entry-level loan officer earns around $38,380, while experienced professionals earn up to $131,300 per year. The cost of living index in Illinois is 95% of the national average.
Salary Percentiles in Illinois
| Percentile | IL Salary |
|---|---|
| 10th Percentile | $35,552 |
| 25th Percentile | $45,854 |
| Median (50th) | $66,397 |
| 75th Percentile | $101,000 |
| 90th Percentile | $155,338 |
Major Cities for Loan Officers in Illinois
The largest employment areas for loan officers in Illinois include Chicago, Aurora, Naperville, and Rockford. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Illinois
Education
Most loan officer positions require a bachelor's degree. Illinois has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Illinois
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Illinois's demand may vary based on local industry trends.