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

Carmel, IN
$69,027
Pop. 99,757
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 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.

Find Loan Officer Jobs in Indianapolis

Browse open loan officer positions in Indianapolis, IN:

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Frequently Asked Questions: Loan Officer Salary in Indianapolis

How much does a Loan Officer make in Indianapolis, IN? ▼
The median loan officer salary in Indianapolis, Indiana is $61,138 per year, which is 7% below the national median of $65,740. Salaries range from $32,736 (10th percentile) to $143,034 (90th percentile).
How much does a Loan Officer make per hour in Indianapolis? ▼
Based on the median annual salary of $61,138, a loan officer in Indianapolis earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Indianapolis compare to the Indiana state average for loan officer pay? ▼
Indianapolis's median loan officer salary of $61,138 is 3.3% above the Indiana state average of $59,166. The local cost of living index is 93% of the national average.
What is the cost of living in Indianapolis, IN? ▼
Indianapolis has a cost of living index of 93% compared to the national average. This means a loan officer salary of $61,138 in Indianapolis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Indianapolis? ▼
Most loan officer positions in Indianapolis 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.