SOC 13-2072 · Illinois · BLS OEWS May 2024
The median salary for Loan Officers in Illinois is $77,881 per year ($37.44/hr). This is 5% higher than the national median of $74,173. The middle 50% earn between $52,984 and $107,016 annually. Top earners at the 90th percentile reach $153,077.
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $19.44 | $40,426 | +5.0% |
| P25 | $25.47 | $52,984 | +5.0% |
| P50MEDIAN | $37.44 | $77,881 | +5.0% |
| P75 | $51.45 | $107,016 | +5.0% |
| P90 | $73.59 | $153,077 | +5.0% |
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
The median (P50) annual salary for Loan Officers in Illinois is approximately $77,881, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 5% higher than the national median of $74,173.
Entry-level Loan Officers (10th percentile) in Illinois earn approximately $40,426 per year. The 25th percentile is $52,984. Top earners (90th percentile) reach $153,077.
Illinois pays 5% higher than the national average. The national P50 is $74,173 vs $77,881 in Illinois. Based on BLS national data adjusted for regional cost factors.
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