Loan Officer salary in Indiana
Loan Officers in Indiana earn a median of $72,960 a year ($35.08 an hour), based on BLS data for 4,790 workers.
Pay ranges from $43,870 for the lowest-paid 10% to $129,740 for the top 10%. That is 5% lower than the national median of $76,690. Indiana ranks 31st of 51 states for loan officers pay. There are 1.5 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $78,980, above the median because a few high earners pull it up.
Pay range for loan officers in Indiana
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $43,870 | $21.09 |
| 25th percentile | $50,380 | $24.22 |
| Median | $72,960 | $35.08 |
| 75th percentile | $98,960 | $47.58 |
| 90th percentile (top earners) | $129,740 | $62.38 |
| Average (mean) | $78,980 | $37.97 |
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 | $6,080 |
| Semi-monthly (24 a year) | $3,040 |
| Biweekly (26 a year) | $2,806.15 |
| Weekly | $1,403.08 |
| Hourly | $35.08 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Indiana
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $80,040 | 7,380 |
| Lafayette-West Lafayette, IN | $75,980 | 110 |
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Terre Haute, IN | $74,890 | 70 |
| Indianapolis-Carmel-Greenwood, IN | $74,790 | 1,690 |
| Elkhart-Goshen, IN | $74,060 | 110 |
| Louisville/Jefferson County, KY-IN | $64,460 | 1,120 |
| Evansville, IN | $63,560 | 240 |
| Muncie, IN | $63,460 | 150 |
| Fort Wayne, IN | $63,320 | 410 |
| South Bend-Mishawaka, IN-MI | $63,130 | 160 |
| Bloomington, IN | $62,720 | 90 |
| Kokomo, IN | $60,780 | 60 |
| Michigan City-La Porte, IN | $59,700 | 60 |
| Columbus, IN | $59,040 | 50 |
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 |
Related jobs in Indiana
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,720 | $37.36 |
| Personal Financial Advisor | $87,710 | $42.17 |
| Financial and Investment Analysts | $81,760 | $39.31 |
| Insurance Underwriter | $77,440 | $37.23 |
| Property Appraisers and Assessors | $60,350 | $29.01 |
| Financial Specialists, All Other | $92,410 | $44.43 |
| Tax Preparer | $45,710 | $21.98 |
| Credit Analyst | $62,660 | $30.12 |
| Credit Counselor | $48,180 | $23.16 |
| Tax Examiners and Collectors, and Revenue Agents | $56,570 | $27.20 |
| Financial Examiner | $81,300 | $39.09 |
| Budget Analyst | $82,080 | $39.46 |
| Financial Risk Specialist | $99,250 | $47.72 |
| Human Resources Specialist | $65,600 | $31.54 |
More: Business and Financial Operations Occupations · all salaries in Indiana
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 Indiana?
The median salary for loan officers in Indiana is $72,960 a year, or $35.08 an hour. Pay ranges from $43,870 for the lowest-paid 10% to $129,740 for the top 10%.
How much do the highest-paid loan officers make in Indiana?
The top 10% of loan officers in Indiana earn at least $129,740 a year. The top 25% earn $98,960 or more.
What is the starting pay for loan officers in Indiana?
Entry-level pay (the 10th percentile) is about $43,870 a year, and a quarter of loan officers earn $50,380 or less.
How many loan officers work in Indiana?
About 4,790 loan officers are employed in Indiana, not counting the self-employed.