Business & Finance Evansville, IN Pop. 117,429

Loan Officer Salary in Evansville, Indiana

The median loan officer salary in Evansville, IN is $55,222 per year, which is 16% below the national median and 6.7% below the Indiana state average.

City Median
$55,222
vs State Avg
$-3,944
vs National
$-10,518
Cost of Living
84%

Loan Officer Pay in Evansville: What to Expect (2026)

Evansville offers a median loan officer salary of $55,222, which is $3,944 below the Indiana state average of $59,166. Compared to the national median of $65,740, Evansville pays below the national benchmark for this role.

One of Evansville's biggest advantages is its low cost of living at 84% of the national average. This means the $55,222 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Evansville an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Evansville spans from $29,568 at the 10th percentile to $129,192 at the 90th percentile — a $99,624 spread. Entry-level professionals start around $31,920, while senior loan officers with 8+ years of experience can earn up to $109,200. With a population of 117,429, Evansville is a mid-sized metro with a growing job market.

Loan Officer Salary in Evansville by Experience

In Evansville, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$31,920
$-6,080 vs national
Mid Level (3-7 yrs)
$55,440
$-10,560 vs national
Senior Level (8+ yrs)
$109,200
$-20,800 vs national

Salary Percentiles in Evansville, IN

Percentile Evansville
10th Percentile $29,568
25th Percentile $38,136
Median (50th) $55,222
75th Percentile $84,000
90th Percentile $129,192

Loan Officer Salary in Other Indiana Cities

Carmel, IN
$69,027
Pop. 99,757
Indianapolis, IN
$61,138
Pop. 887,642
Fort Wayne, IN
$55,879
Pop. 263,886
South Bend, IN
$54,564
Pop. 103,453

How to Become a Loan Officer in Evansville

Education

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

Find Loan Officer Jobs in Evansville

Browse open loan officer positions in Evansville, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Evansville

How much does a Loan Officer make in Evansville, IN? ▼
The median loan officer salary in Evansville, Indiana is $55,222 per year, which is 16% below the national median of $65,740. Salaries range from $29,568 (10th percentile) to $129,192 (90th percentile).
How much does a Loan Officer make per hour in Evansville? ▼
Based on the median annual salary of $55,222, a loan officer in Evansville earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Evansville compare to the Indiana state average for loan officer pay? ▼
Evansville's median loan officer salary of $55,222 is 6.7% below the Indiana state average of $59,166. The local cost of living index is 84% of the national average.
What is the cost of living in Evansville, IN? ▼
Evansville has a cost of living index of 84% compared to the national average. This means a loan officer salary of $55,222 in Evansville has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Evansville? ▼
Most loan officer positions in Evansville 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.