Loan Officer Salary in Chicago, IL
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$68,570
Hourly Rate
$32.97
/hour
Jobs in Area
392
employed
Loan Officer Salary Range in Chicago, IL
Annual Salary Range
$46k
10th percentile
$57k
25th
$81k
75th
$99k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $45,755 | $22.00 |
| 25th Percentile | $57,168 | $27.48 |
| Median (50th Percentile) | $68,570 | $32.97 |
| 75th Percentile | $80,880 | $38.88 |
| 90th Percentile (Top Earners) | $99,393 | $47.79 |
| Average (Mean) | $73,662 | $35.41 |
Frequently Asked Questions
The average Loan Officer salary in Chicago, IL is $68,570 per year or $32.97 per hour as of 2023. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2023. The geographic area covered is the Chicago-Naperville-Elgin Metropolitan Statistical Area.
Last updated: 1/14/2026
Salary Calculator
Enter your salary to see how it compares to other Loan Officers in Chicago, IL.
How Chicago, IL Compares
vs National Average
$65,740
vs Illinois Average
$65,992
Cost-of-Living Adjusted
$65,057
Cost of living in Chicago, IL is 5.4% above the national average.
Loan Officer Salaries in Other Cities
Other Salaries in Chicago, IL
Similar Business & Finance Jobs
Explore More
Loan Officer Jobs in Chicago, IL
Find open positions and apply today.
View Jobs on IndeedAffiliate link
Stay Updated on Salary Trends
Get weekly insights on Loan Officer salaries and career tips delivered to your inbox.
No spam, unsubscribe anytime. We respect your privacy.