Loan Officers pay in Chicago-Naperville-Elgin
$91,650avg. a year
$44.06 an hour · 7,380 employed
Loan Officers in the Chicago-Naperville-Elgin, IL-IN metro area earn an average of $91,650 a year. That is $2,300 (3%) more than the Illinois average of $89,350. The U.S. average is $87,790.
$80,040Median pay
$44.06Average hourly
+3%vs. Illinois average
7,380Jobs in this metro
Other Illinois metro areas
Average pay for loan officers in other Illinois metro areas. Swipe to see all 11.
1190 jobs
Springfield, IL
$90,720
$43.61 an hour
2210 jobs
Champaign-Urbana, IL
$89,240
$42.91 an hour
3270 jobs
Peoria, IL
$88,140
$42.38 an hour
42,690 jobs
St. Louis, MO-IL
$86,970
$41.81 an hour
590 jobs
Rockford, IL
$83,070
$39.94 an hour
6350 jobs
Davenport-Moline-Rock Island, IA-IL
$82,160
$39.50 an hour
770 jobs
Cape Girardeau, MO-IL
$81,280
$39.08 an hour
880 jobs
Kankakee, IL
$78,760
$37.87 an hour
990 jobs
Decatur, IL
$77,650
$37.33 an hour
10160 jobs
Bloomington, IL
$76,310
$36.69 an hour
1190 jobs
Paducah, KY-IL
$75,490
$36.29 an hour
Why people trust JobPayFacts
Official government dataEvery number comes from the U.S. Bureau of Labor Statistics wage survey of employers, not self-reported salaries.
Every state and city830 jobs across all 50 states, D.C. and 199 large metro areas.
Updated every yearNew figures each spring when BLS releases them. This site uses May 2025 data.
How Chicago-Naperville-Elgin compares
Pay range: metro vs. state vs. U.S.
Annual wage percentiles, May 2025
This metroIllinoisU.S.
Illinois metro areas
Average pay, May 2025 · this metro highlighted
Related jobs in Chicago-Naperville-Elgin
| Job | Avg. pay in this metro |
|---|---|
| Accountants and Auditors | $91,990 |
| Financial and Investment Analysts | $112,680 |
| Personal Financial Advisors | $156,300 |
| Financial Specialists, All Other | $93,660 |
| Insurance Underwriters | $106,450 |
| Tax Preparers | $55,160 |
Questions and answers
How much do loan officers make in Chicago-Naperville-Elgin?
The average is $91,650 a year, and the median is $80,040. About 7,380 people work in this job in the metro area.
Is that more than the Illinois average?
That is $2,300 (3%) more than the Illinois average of $89,350.
Is this job common in Chicago-Naperville-Elgin?
It makes up 1.6 of every 1,000 jobs in the metro area, 0.93 times the national share.
Sources and notes. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025, occupation code 13-2072. Metro area: Chicago-Naperville-Elgin, IL-IN metropolitan statistical area (BLS area code 16980). Wages are gross pay before taxes and don't include overtime premiums, tips, bonuses or benefits; self-employed workers aren't included. How we use the data. JobPayFacts isn't affiliated with BLS.