Loan Officer Salary in Indiana
The median loan officer salary in Indiana is $59,166 per year, which is 10% below the national median of $65,740.
Loan Officer Salary in Indiana by Experience
In Indiana, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The cost of living index in Indiana is 90% of the national average.
Salary Percentiles in Indiana
| Percentile | IN Salary |
|---|---|
| 10th Percentile | $31,680 |
| 25th Percentile | $40,860 |
| Median (50th) | $59,166 |
| 75th Percentile | $90,000 |
| 90th Percentile | $138,420 |
Major Cities for Loan Officers in Indiana
The largest employment areas for loan officers in Indiana include Indianapolis, Fort Wayne, Evansville, and South Bend. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Indiana
Education
Most loan officer positions require a bachelor's degree. Indiana has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Indiana
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Indiana's demand may vary based on local industry trends.