Business & Finance Milwaukee, WI Pop. 577,222

Loan Officer Salary in Milwaukee, Wisconsin

The median loan officer salary in Milwaukee, WI is $60,481 per year, which is 8% below the national median and 0.0% above the Wisconsin state average.

City Median
$60,481
vs State Avg
+$0
vs National
$-5,259
Cost of Living
92%

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

Milwaukee offers a median loan officer salary of $60,481, which is $0 above the Wisconsin state average of $60,481. Compared to the national median of $65,740, Milwaukee pays below the national benchmark for this role.

Milwaukee's cost of living is 92% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for loan officers in Milwaukee spans from $32,384 at the 10th percentile to $141,496 at the 90th percentile — a $109,112 spread. Entry-level professionals start around $34,960, while senior loan officers with 8+ years of experience can earn up to $119,600. As a major metro area with a population of 577,222, Milwaukee typically offers more job opportunities and employer competition, which can drive salaries higher.

Loan Officer Salary in Milwaukee by Experience

In Milwaukee, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Milwaukee, WI

Percentile Milwaukee
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Wisconsin Cities

Madison, WI
$65,740
Pop. 269,840
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 Milwaukee

Education

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

Find Loan Officer Jobs in Milwaukee

Browse open loan officer positions in Milwaukee, WI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Milwaukee

How much does a Loan Officer make in Milwaukee, WI? ▼
The median loan officer salary in Milwaukee, Wisconsin is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Milwaukee? ▼
Based on the median annual salary of $60,481, a loan officer in Milwaukee earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Milwaukee compare to the Wisconsin state average for loan officer pay? ▼
Milwaukee's median loan officer salary of $60,481 is 0.0% above the Wisconsin state average of $60,481. The local cost of living index is 92% of the national average.
What is the cost of living in Milwaukee, WI? ▼
Milwaukee has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Milwaukee has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Milwaukee? ▼
Most loan officer positions in Milwaukee 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.