Loan Officer Salary in Chicago, IL
Updated
The median loan officer in the Chicago area earns $80,040 a year ($38.48 an hour), 4% above the U.S. median ($76,690) and 1% above the Illinois median ($79,150). Half of the 7,380 loan officers there earn between $60,430 and $105,210.
Median $80,040
10th: $40,71090th: $143,160
| Annual pay | Chicago area | Illinois | U.S. |
|---|---|---|---|
| 10th percentile | $40,710 | $43,020 | $39,430 |
| 25th percentile | $60,430 | $60,520 | $52,730 |
| Median | $80,040 | $79,150 | $76,690 |
| 75th percentile | $105,210 | $104,560 | $104,080 |
| 90th percentile | $143,160 | $137,080 | $153,180 |
| Average | $91,650 | $89,350 | $87,790 |
| Jobs | 7,380 | 10,890 | 274,330 |
Chicago, IL ranks 16th of the 50 largest U.S. metro areas for loan officer pay. Highest: Boston, MA ($103,400).
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Check my payLoan officer pay in other cities
- Boston, MA: $103,400
- San Francisco, CA: $103,000
- Minneapolis, MN: $102,200
- New York, NY: $101,570
- Denver, CO: $100,130
- Washington, DC: $97,800
- Portland, OR: $96,100
- San Jose, CA: $95,090
- All cities
Similar jobs in Chicago, IL
- Accountant: $82,360
- Financial Analyst: $101,750
- Financial Advisor: $113,210
- Project Manager: $105,320
- Human Resources Specialist: $78,210
- Marketing Specialist: $80,400
- All jobs in Chicago, IL
Sources
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, published May 15, 2026
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, www.bls.gov/oes. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.