Illinois ranks 22nd of 51 states and D.C. for loan officers pay, trailing top-paying District of Columbia ($102,200) by $26,240 — a 35% gap.
The 10th-to-90th percentile range runs from $47,170 to $137,160 — a $89,990 spread, 16% tighter than the national $107,290 range.
Illinois employs roughly 3.6% of all loan officers in the country (10,330 workers).
Salary Range: 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $47,170 | $22.68 |
| 25th percentile | $56,180 | $27.01 |
| 50th percentile (median) | $75,960 | $36.52 |
| 75th percentile | $102,480 | $49.27 |
| 90th percentile (top earners) | $137,160 | $65.94 |
| Mean (average) | $88,570 | $42.58 |
How Illinois Compares
| State | Median Annual | vs. Illinois |
|---|---|---|
| Illinois (current) | $75,960 | n/a |
| District of Columbia | $102,200 | +35% |
| New York | $98,940 | +30% |
| New Jersey | $95,090 | +25% |
| Massachusetts | $93,430 | +23% |
| Vermont | $86,490 | +14% |
| Minnesota | $84,480 | +11% |
| North Dakota | $82,990 | +9% |
| Kansas | $82,540 | +9% |
Showing top-paying states with available data. View all states →
Related Occupations in Illinois
| Occupation | Median Annual | Employment |
|---|---|---|
| Education Administrators, All Other | $76,060 | 1,650 |
| Social and Community Service Managers | $76,110 | 7,050 |
| English Language and Literature Teachers, Postsecondary | $76,120 | 2,280 |
| Instructional Coordinators | $75,760 | 8,940 |
| Special Education Teachers, Kindergarten and Elementary School | $76,170 | 12,550 |
| Telecommunications Line Installers and Repairers | $75,590 | 2,470 |
Frequently Asked Questions
What is the average Loan Officers salary in Illinois?
The mean loan officers salary in Illinois is $88,570 per year. The median (middle) salary is $75,960 per year.
What is the starting salary for a Loan Officers in Illinois?
Entry-level loan officerss (10th percentile) in Illinois typically earn around $47,170 per year. Workers at the 25th percentile earn approximately $56,180 per year.
What is the highest Loan Officers salary in Illinois?
Top earners (90th percentile) in this occupation in Illinois make approximately $137,160 per year. Those in the 75th percentile earn around $102,480 per year.
How does the Illinois Loan Officers salary compare to the national average?
The median loan officers salary in Illinois is $75,960, which is +2% above national average of $74,180.