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.

Find Loan Officer Jobs in Aurora

Browse open loan officer positions in Aurora, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Aurora

How much does a Loan Officer make in Aurora, IL? ▼
The median loan officer salary in Aurora, Illinois is $66,397 per year, which is 1.0% above the national median of $65,740. Salaries range from $35,552 (10th percentile) to $155,338 (90th percentile).
How much does a Loan Officer make per hour in Aurora? ▼
Based on the median annual salary of $66,397, a loan officer in Aurora earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Aurora compare to the Illinois state average for loan officer pay? ▼
Aurora's median loan officer salary of $66,397 is 0.0% above the Illinois state average of $66,397. The local cost of living index is 95% of the national average.
What is the cost of living in Aurora, IL? ▼
Aurora has a cost of living index of 95% compared to the national average. This means a loan officer salary of $66,397 in Aurora has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Aurora? ▼
Most loan officer positions in Aurora require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.