How much does a loan officer make in Chicago?
$80,040a year
Median yearly pay for loan officers in the Chicago-Naperville-Elgin, IL-IN metro area. That is $38.48 an hour or $6,670 a month.
- Hourly
- $38.48
- Vs. national median
- +4%
- Rank among cities
- 82 of 383
- Jobs in the area
- 7,380
Pay range
Lowest 10%: $40,710Median: $80,040Highest 10%: $143,200
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $40,710 | $19.57 | |
| 25th | $60,430 | $29.05 | |
| Median | $80,040 | $38.48 | |
| 75th | $105,200 | $50.58 | |
| 90th | $143,200 | $68.83 |
Other cities in Illinois
Median yearly pay for loan officers.
| Champaign, IL | $78,950 |
| Springfield, IL | $78,600 |
| Cape Girardeau, MO | $76,400 |
| Rockford, IL | $75,880 |
| Davenport, IA | $75,380 |
| Decatur, IL | $75,190 |
| Peoria, IL | $74,530 |
| St. Louis, MO | $74,510 |
| Bloomington, IL | $67,140 |
| Kankakee, IL | $62,570 |
| Paducah, KY | $60,080 |
Related jobs in Chicago
Same field, median yearly pay.
| Personal Financial Advisor | $113,200 |
| Financial Risk Specialist | $105,400 |
| Project Management Specialist | $105,300 |
| Management Analyst | $105,100 |
| Labor Relations Specialist | $103,600 |
| Financial and Investment Analyst | $101,800 |
| Insurance Underwriter | $99,840 |
| Financial Examiner | $98,470 |
| Tax Examiner and Collector | $93,590 |
| Credit Analyst | $92,900 |
Frequently asked questions
How much does a loan officer make an hour in Chicago?
The median hourly pay in the Chicago-Naperville-Elgin, IL-IN metro area is $38.48 ($80,040 a year).
Do loan officers make more in Chicago than the national average?
Yes: $80,040 against $76,690 nationally, 4% more.
How does Chicago compare with the rest of Illinois?
The median in Illinois is $79,150, so Chicago pays 1% more.
Where does Chicago rank for loan officer pay?
82 of 383 metro areas with data.
How much does a loan officer make starting out in Chicago?
The lowest-paid 10% make $40,710 or less a year; the top 10% make $143,200 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.