Business & Finance Naperville, IL Pop. 149,540

Loan Officer Salary in Naperville, Illinois

The median loan officer salary in Naperville, IL is $74,944 per year, which is 14.0% above the national median and 12.9% above the Illinois state average.

City Median
$74,944
vs State Avg
+$8,547
vs National
+$9,204
Cost of Living
108%

Loan Officer Salary in Naperville by Experience

In Naperville, an entry-level loan officer earns around $43,320, while experienced professionals earn up to $148,200 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$43,320
+$5,320 vs national
Mid Level (3-7 yrs)
$75,240
+$9,240 vs national
Senior Level (8+ yrs)
$148,200
+$18,200 vs national

Salary Percentiles in Naperville, IL

Percentile Naperville
10th Percentile $40,128
25th Percentile $51,756
Median (50th) $74,944
75th Percentile $114,000
90th Percentile $175,332

Loan Officer Salary in Other Illinois Cities

Chicago, IL
$74,286
Pop. 2,693,976
Aurora, IL
$66,397
Pop. 197,757
Springfield, IL
$59,823
Pop. 114,394
Rockford, IL
$57,851
Pop. 148,655

How to Become a Loan Officer in Naperville

Education

Most loan officer positions require a bachelor's degree. Naperville 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 Naperville may vary based on local industry and population growth.

Find Loan Officer Jobs in Naperville

Browse open loan officer positions in Naperville, IL:

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Frequently Asked Questions: Loan Officer Salary in Naperville

How much does a Loan Officer make in Naperville, IL? ▼
The median loan officer salary in Naperville, Illinois is $74,944 per year, which is 14.0% above the national median of $65,740. Salaries range from $40,128 (10th percentile) to $175,332 (90th percentile).
How much does a Loan Officer make per hour in Naperville? ▼
Based on the median annual salary of $74,944, a loan officer in Naperville earns approximately $36 per hour assuming a standard 2,080-hour work year.
How does Naperville compare to the Illinois state average for loan officer pay? ▼
Naperville's median loan officer salary of $74,944 is 12.9% above the Illinois state average of $66,397. The local cost of living index is 108% of the national average.
What is the cost of living in Naperville, IL? ▼
Naperville has a cost of living index of 108% compared to the national average. This means a loan officer salary of $74,944 in Naperville has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Naperville? ▼
Most loan officer positions in Naperville 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.