Business & Finance Indianapolis, IN
Pop. 887,642
Loan Officer Salary in Indianapolis, Indiana
The median loan officer salary in Indianapolis, IN is $61,138 per year, which is 7% below the national median and 3.3% above the Indiana state average.
City Median
$61,138
vs State Avg
+$1,972
vs National
$-4,602
Cost of Living
93%
Loan Officer Salary in Indianapolis by Experience
In Indianapolis, an entry-level loan officer earns around $35,340, while experienced professionals earn up to $120,900 per year. The local cost of living index is 93% of the national average.
Entry Level (0-2 yrs)
$35,340
$-2,660 vs national
Mid Level (3-7 yrs)
$61,380
$-4,620 vs national
Senior Level (8+ yrs)
$120,900
$-9,100 vs national
Salary Percentiles in Indianapolis, IN
| Percentile | Indianapolis |
|---|---|
| 10th Percentile | $32,736 |
| 25th Percentile | $42,222 |
| Median (50th) | $61,138 |
| 75th Percentile | $93,000 |
| 90th Percentile | $143,034 |
Loan Officer Salary in Other Indiana Cities
How to Become a Loan Officer in Indianapolis
Education
Most loan officer positions require a bachelor's degree. Indianapolis 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 Indianapolis may vary based on local industry and population growth.