Business & Finance Racine, WI Pop. 77,816

Loan Officer Salary in Racine, Wisconsin

The median loan officer salary in Racine, WI is $56,536 per year, which is 14% below the national median and 6.5% below the Wisconsin state average.

City Median
$56,536
vs State Avg
$-3,945
vs National
$-9,204
Cost of Living
86%

Loan Officer Salary in Racine by Experience

In Racine, an entry-level loan officer earns around $32,680, while experienced professionals earn up to $111,800 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$32,680
$-5,320 vs national
Mid Level (3-7 yrs)
$56,760
$-9,240 vs national
Senior Level (8+ yrs)
$111,800
$-18,200 vs national

Salary Percentiles in Racine, WI

Percentile Racine
10th Percentile $30,272
25th Percentile $39,044
Median (50th) $56,536
75th Percentile $86,000
90th Percentile $132,268

Loan Officer Salary in Other Wisconsin Cities

Madison, WI
$65,740
Pop. 269,840
Milwaukee, WI
$60,481
Pop. 577,222
Kenosha, WI
$59,166
Pop. 99,986
Green Bay, WI
$57,851
Pop. 107,395

How to Become a Loan Officer in Racine

Education

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

Find Loan Officer Jobs in Racine

Browse open loan officer positions in Racine, WI:

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Frequently Asked Questions: Loan Officer Salary in Racine

How much does a Loan Officer make in Racine, WI? ▼
The median loan officer salary in Racine, Wisconsin is $56,536 per year, which is 14% below the national median of $65,740. Salaries range from $30,272 (10th percentile) to $132,268 (90th percentile).
How much does a Loan Officer make per hour in Racine? ▼
Based on the median annual salary of $56,536, a loan officer in Racine earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Racine compare to the Wisconsin state average for loan officer pay? ▼
Racine's median loan officer salary of $56,536 is 6.5% below the Wisconsin state average of $60,481. The local cost of living index is 86% of the national average.
What is the cost of living in Racine, WI? ▼
Racine has a cost of living index of 86% compared to the national average. This means a loan officer salary of $56,536 in Racine has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Racine? ▼
Most loan officer positions in Racine 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.