Business & Finance Aurora, IL Pop. 197,757

Loan Officer Salary in Aurora, Illinois

The median loan officer salary in Aurora, IL is $66,397 per year, which is 1.0% above the national median and 0.0% above the Illinois state average.

City Median
$66,397
vs State Avg
+$0
vs National
+$657
Cost of Living
95%

Loan Officer Salary in Aurora by Experience

In Aurora, an entry-level loan officer earns around $38,380, while experienced professionals earn up to $131,300 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$38,380
+$380 vs national
Mid Level (3-7 yrs)
$66,660
+$660 vs national
Senior Level (8+ yrs)
$131,300
+$1,300 vs national

Salary Percentiles in Aurora, IL

Percentile Aurora
10th Percentile $35,552
25th Percentile $45,854
Median (50th) $66,397
75th Percentile $101,000
90th Percentile $155,338

Loan Officer Salary in Other Illinois Cities

Naperville, IL
$74,944
Pop. 149,540
Chicago, IL
$74,286
Pop. 2,693,976
Springfield, IL
$59,823
Pop. 114,394
Rockford, IL
$57,851
Pop. 148,655

How to Become a Loan Officer in Aurora

Education

Most loan officer positions require a bachelor's degree. Aurora and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Aurora may vary based on local industry and population growth.