Business & Finance Carmel, IN Pop. 99,757

Loan Officer Salary in Carmel, Indiana

The median loan officer salary in Carmel, IN is $69,027 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.

City Median
$69,027
vs State Avg
+$9,861
vs National
+$3,287
Cost of Living
105%

Loan Officer Salary in Carmel by Experience

In Carmel, an entry-level loan officer earns around $39,900, while experienced professionals earn up to $136,500 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$39,900
+$1,900 vs national
Mid Level (3-7 yrs)
$69,300
+$3,300 vs national
Senior Level (8+ yrs)
$136,500
+$6,500 vs national

Salary Percentiles in Carmel, IN

Percentile Carmel
10th Percentile $36,960
25th Percentile $47,670
Median (50th) $69,027
75th Percentile $105,000
90th Percentile $161,490

Loan Officer Salary in Other Indiana Cities

Indianapolis, IN
$61,138
Pop. 887,642
Fort Wayne, IN
$55,879
Pop. 263,886
Evansville, IN
$55,222
Pop. 117,429
South Bend, IN
$54,564
Pop. 103,453

How to Become a Loan Officer in Carmel

Education

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

Find Loan Officer Jobs in Carmel

Browse open loan officer positions in Carmel, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Carmel

How much does a Loan Officer make in Carmel, IN? ▼
The median loan officer salary in Carmel, Indiana is $69,027 per year, which is 5.0% above the national median of $65,740. Salaries range from $36,960 (10th percentile) to $161,490 (90th percentile).
How much does a Loan Officer make per hour in Carmel? ▼
Based on the median annual salary of $69,027, a loan officer in Carmel earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Carmel compare to the Indiana state average for loan officer pay? ▼
Carmel's median loan officer salary of $69,027 is 16.7% above the Indiana state average of $59,166. The local cost of living index is 105% of the national average.
What is the cost of living in Carmel, IN? ▼
Carmel has a cost of living index of 105% compared to the national average. This means a loan officer salary of $69,027 in Carmel has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Carmel? ▼
Most loan officer positions in Carmel 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.