Loan Officers pay range in South Bend
New workers and the lowest-paid 10% earn about $47,300 a year or less, while the top 10% make $99,740 or more. The middle half of loan officers in South Bend earn between $52,420 and $80,590.
- $47K10th
- $52K25th
- $63KMedian
- $81K75th
- $100K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $70,260 | $5,855 | $33.78 |
| Median | $63,130 | $5,261 | $30.35 |
| Entry level (25th percentile) | $52,420 | $4,368 | $25.20 |
| Experienced (75th percentile) | $80,590 | $6,716 | $38.75 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in South Bend vs. Indiana and the U.S.
Loan officers in South Bend earn 11% less than the Indiana average ($78,980) and 20% less than the U.S. average ($87,790). At the median the gap is -18% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| South Bend | $70,260 | $63,130 | $47,300 | $99,740 | 160 |
| Indiana | $78,980 | $72,960 | $43,870 | $129,740 | 4,790 |
| 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 South Bend
On the average salary of $70,260, a single filer in South Bend takes home about $54,968 a year, or $4,581 a month and $2,114 every two weeks. Taxes take 22% of gross pay.
The South Bend-Mishawaka, IN-MI metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in MI | $55,518 | $4,627 |
| Working in IN | $54,968 | $4,581 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes South Bend's local income tax (1.75%).
Is South Bend a good place for loan officers? Pay vs. cost of living
Prices in the South Bend area are 7% below the U.S. average (BEA price parity 92.9), so the average $70,260 buys what about $75,664 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in South Bend ($46,540). A typical home costs $238,866, or 3.4 years of this average salary before tax.
Loan Officers salary in other Indiana cities
South Bend ranks 11th of 12 Indiana metro areas for this job; Lafayette pays the most ($86,640).
- Lafayette$86,640
- Elkhart$81,210
- Indianapolis$80,020
- Evansville$78,110
- Bloomington$76,420
- Muncie$74,930
- Terre Haute$74,350
- Fort Wayne$72,560
- Kokomo$72,490
- South Bend$70,260
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 South Bend: questions
How much do loan officers make an hour in South Bend?
$33.78 an hour on average, and $30.35 at the median (BLS, May 2025).
What is the entry-level loan officers salary in South Bend?
The lowest-paid 10% earn about $47,300 a year and the 25th percentile is $52,420, a fair guide to starting pay.
What is the loan officers take-home pay in South Bend?
About $54,968 a year ($4,581 a month) for a single filer on the average salary of $70,260. Includes South Bend's local income tax (1.75%).
Do loan officers earn more in South Bend than elsewhere?
The average here is 20% 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 South Bend-Mishawaka, IN-MI (43780). Relative standard error of the mean wage: 2.6%.
- 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). Includes South Bend's local income tax (1.75%).
- Job concentration: location quotient 0.67, this job is less common than in the U.S. overall (location quotient 0.67).
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