Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| Illinois | National | Difference | |
|---|---|---|---|
| Median annual salary | $79,150 | $75,854 | +4% |
| Median hourly wage | $38.05 | $36.47 | +4% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $79,150.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Loan Officer in Illinois is $79,150, or about $38.05 per hour, according to BLS OEWS data.
The national median for Loan Officers is $75,854. Illinois is +4% above the national median.
Entry-level loan officers in Illinois typically earn from varies by experience depending on the city and employer.
With 10,890 loan officer jobs on record and a median salary of $79,150, Illinois offers above-average pay compared to the rest of the country.