Loan Officers pay range in Bloomington
New workers and the lowest-paid 10% earn about $31,200 a year or less, while the top 10% make $124,130 or more. The middle half of loan officers in Bloomington earn between $44,740 and $96,720.
- $31K10th
- $45K25th
- $67KMedian
- $97K75th
- $124K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $76,310 | $6,359 | $36.69 |
| Median | $67,140 | $5,595 | $32.28 |
| Entry level (25th percentile) | $44,740 | $3,728 | $21.51 |
| Experienced (75th percentile) | $96,720 | $8,060 | $46.50 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Bloomington vs. Illinois and the U.S.
Loan officers in Bloomington earn 15% less than the Illinois average ($89,350) and 13% less than the U.S. average ($87,790). At the median the gap is -12% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Bloomington | $76,310 | $67,140 | $31,200 | $124,130 | 160 |
| Illinois | $89,350 | $79,150 | $43,020 | $137,080 | 10,890 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Bloomington
On the average salary of $76,310, a single filer in Bloomington takes home about $58,878 a year, or $4,906 a month and $2,265 every two weeks. Taxes take 23% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Bloomington a good place for loan officers? Pay vs. cost of living
Prices in the Bloomington area are 6% below the U.S. average (BEA price parity 93.5), so the average $76,310 buys what about $81,583 would buy in a typical U.S. metro. This job pays 1.3 times the median wage of all jobs in Bloomington ($53,140). A typical home costs $260,134, or 3.4 years of this average salary before tax.
Loan Officers salary in other Illinois cities
Bloomington ranks 8th of 8 Illinois metro areas for this job; Chicago pays the most ($91,650).
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Bloomington: questions
How much do loan officers make an hour in Bloomington?
$36.69 an hour on average, and $32.28 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Bloomington?
The lowest-paid 10% earn about $31,200 a year and the 25th percentile is $44,740, a fair guide to starting pay.
What is the loan officers take-home pay in Bloomington?
About $58,878 a year ($4,906 a month) for a single filer on the average salary of $76,310.
Do loan officers earn more in Bloomington than elsewhere?
The average here is 13% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Bloomington, IL (14010). Relative standard error of the mean wage: 7.1%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
- Job concentration: location quotient 1.01, this job is about as common as in the U.S. overall.
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