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
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.