Loan Officer salary in Madison, WI
Loan Officers in the Madison, WI metro area earn a median of $78,840 a year ($37.90 an hour), based on BLS data for 650 workers.
Pay ranges from $51,290 for the lowest-paid 10% to $155,840 for the top 10%. That is 3% higher than the national median of $76,690. Pay here is 1% higher than the Wisconsin statewide median of $78,290. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $90,840, above the median because a few high earners pull it up.
Pay range for loan officers in Madison, WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $51,290 | $24.66 |
| 25th percentile | $64,400 | $30.96 |
| Median | $78,840 | $37.90 |
| 75th percentile | $104,500 | $50.24 |
| 90th percentile (top earners) | $155,840 | $74.92 |
| Average (mean) | $90,840 | $43.67 |
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 | $6,570 |
| Semi-monthly (24 a year) | $3,285 |
| Biweekly (26 a year) | $3,032.31 |
| Weekly | $1,516.15 |
| Hourly | $37.90 |
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 |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | 3,910 |
| Milwaukee-Waukesha, WI | $83,660 | 1,180 |
| Racine-Mount Pleasant, WI | $82,400 | 130 |
| Wausau, WI | $80,080 | 130 |
| Appleton, WI | $79,650 | 180 |
| Fond du Lac, WI | $79,180 | 90 |
| Green Bay, WI | $78,920 | 240 |
| Sheboygan, WI | $78,820 | 50 |
| Kenosha, WI | $77,860 | 60 |
| Janesville-Beloit, WI | $76,910 | 100 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Eau Claire, WI | $74,670 | 130 |
| Duluth, MN-WI | $73,240 | 200 |
| Oshkosh-Neenah, WI | $63,600 | 280 |
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 Wisconsin statewide figures.
Related jobs in Madison, WI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $81,130 | $39.01 |
| Financial and Investment Analysts | $103,750 | $49.88 |
| Personal Financial Advisor | $126,000 | $60.58 |
| Insurance Underwriter | $95,130 | $45.74 |
| Budget Analyst | $86,340 | $41.51 |
| Financial Specialists, All Other | $76,400 | $36.73 |
| Credit Analyst | $69,130 | $33.24 |
| Financial Examiner | $88,920 | $42.75 |
| Tax Preparer | $45,810 | $22.02 |
| Financial Risk Specialist | $100,350 | $48.25 |
| Property Appraisers and Assessors | $78,610 | $37.79 |
| Credit Counselor | $57,260 | $27.53 |
| Project Management Specialist | $98,990 | $47.59 |
| Management Analyst | $97,170 | $46.72 |
More: Business and Financial Operations Occupations · all salaries in Madison, WI
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 Madison, WI?
The median salary for loan officers in the Madison, WI metro area is $78,840 a year, or $37.90 an hour. Pay ranges from $51,290 for the lowest-paid 10% to $155,840 for the top 10%.
How much do the highest-paid loan officers make in Madison, WI?
The top 10% of loan officers in the Madison, WI metro area earn at least $155,840 a year. The top 25% earn $104,500 or more.
What is the starting pay for loan officers in Madison, WI?
Entry-level pay (the 10th percentile) is about $51,290 a year, and a quarter of loan officers earn $64,400 or less.
How many loan officers work in Madison, WI?
About 650 loan officers are employed in the Madison, WI metro area, not counting the self-employed.