Business & Finance Madison, WI Pop. 269,840

Loan Officer Salary in Madison, Wisconsin

The median loan officer salary in Madison, WI is $65,740 per year, which is 0.0% above the national median and 8.7% above the Wisconsin state average.

City Median
$65,740
vs State Avg
+$5,259
vs National
+$0
Cost of Living
100%

Loan Officer Salary in Madison by Experience

In Madison, an entry-level loan officer earns around $38,000, while experienced professionals earn up to $130,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$38,000
+$0 vs national
Mid Level (3-7 yrs)
$66,000
+$0 vs national
Senior Level (8+ yrs)
$130,000
+$0 vs national

Salary Percentiles in Madison, WI

Percentile Madison
10th Percentile $35,200
25th Percentile $45,400
Median (50th) $65,740
75th Percentile $100,000
90th Percentile $153,800

Loan Officer Salary in Other Wisconsin Cities

Milwaukee, WI
$60,481
Pop. 577,222
Kenosha, WI
$59,166
Pop. 99,986
Green Bay, WI
$57,851
Pop. 107,395
Racine, WI
$56,536
Pop. 77,816

How to Become a Loan Officer in Madison

Education

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

Find Loan Officer Jobs in Madison

Browse open loan officer positions in Madison, WI:

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Frequently Asked Questions: Loan Officer Salary in Madison

How much does a Loan Officer make in Madison, WI? ▼
The median loan officer salary in Madison, Wisconsin is $65,740 per year, which is 0.0% above the national median of $65,740. Salaries range from $35,200 (10th percentile) to $153,800 (90th percentile).
How much does a Loan Officer make per hour in Madison? ▼
Based on the median annual salary of $65,740, a loan officer in Madison earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Madison compare to the Wisconsin state average for loan officer pay? ▼
Madison's median loan officer salary of $65,740 is 8.7% above the Wisconsin state average of $60,481. The local cost of living index is 100% of the national average.
What is the cost of living in Madison, WI? ▼
Madison has a cost of living index of 100% compared to the national average. This means a loan officer salary of $65,740 in Madison has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Madison? ▼
Most loan officer positions in Madison 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.