Loan Officer salary in Bloomington, IL
Loan Officers in the Bloomington, IL metro area earn a median of $67,140 a year ($32.28 an hour), based on BLS data for 160 workers.
Pay ranges from $31,200 for the lowest-paid 10% to $124,130 for the top 10%. That is 12% lower than the national median of $76,690. Pay here is 15% lower than the Illinois statewide median of $79,150. There are 1.8 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $76,310, above the median because a few high earners pull it up.
Pay range for loan officers in Bloomington, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $31,200 | $15.00 |
| 25th percentile | $44,740 | $21.51 |
| Median | $67,140 | $32.28 |
| 75th percentile | $96,720 | $46.50 |
| 90th percentile (top earners) | $124,130 | $59.68 |
| Average (mean) | $76,310 | $36.69 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,595 |
| Semi-monthly (24 a year) | $2,797.50 |
| Biweekly (26 a year) | $2,582.31 |
| Weekly | $1,291.15 |
| Hourly | $32.28 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $80,040 | 7,380 |
| Champaign-Urbana, IL | $78,950 | 210 |
| Springfield, IL | $78,600 | 190 |
| Cape Girardeau, MO-IL | $76,400 | 70 |
| Rockford, IL | $75,880 | 90 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Decatur, IL | $75,190 | 90 |
| Peoria, IL | $74,530 | 270 |
| St. Louis, MO-IL | $74,510 | 2,690 |
| Kankakee, IL | $62,570 | 80 |
| Paducah, KY-IL | $60,080 | 90 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Illinois statewide figures.
Related jobs in Bloomington, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,510 | $36.78 |
| Financial and Investment Analysts | $77,280 | $37.15 |
| Financial Examiner | $76,430 | $36.74 |
| Personal Financial Advisor | $141,070 | $67.82 |
| Financial Specialists, All Other | $62,680 | $30.14 |
| Human Resources Specialist | $74,210 | $35.68 |
| Project Management Specialist | $101,110 | $48.61 |
| Training and Development Specialists | $75,550 | $36.32 |
| Compliance Officer | $64,030 | $30.79 |
| Business Operations Specialists, All Other | $76,610 | $36.83 |
| Buyers and Purchasing Agents | $75,420 | $36.26 |
| Logistician | $78,030 | $37.51 |
| Compensation, Benefits, and Job Analysis Specialists | $71,110 | $34.19 |
| Cost Estimator | $80,590 | $38.74 |
More: Business and Financial Operations Occupations · all salaries in Bloomington, IL
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Bloomington, IL?
The median salary for loan officers in the Bloomington, IL metro area is $67,140 a year, or $32.28 an hour. Pay ranges from $31,200 for the lowest-paid 10% to $124,130 for the top 10%.
How much do the highest-paid loan officers make in Bloomington, IL?
The top 10% of loan officers in the Bloomington, IL metro area earn at least $124,130 a year. The top 25% earn $96,720 or more.
What is the starting pay for loan officers in Bloomington, IL?
Entry-level pay (the 10th percentile) is about $31,200 a year, and a quarter of loan officers earn $44,740 or less.
How many loan officers work in Bloomington, IL?
About 160 loan officers are employed in the Bloomington, IL metro area, not counting the self-employed.