Loan Officer salary in Champaign-Urbana, IL
Loan Officers in the Champaign-Urbana, IL metro area earn a median of $78,950 a year ($37.96 an hour), based on BLS data for 210 workers.
Pay ranges from $58,100 for the lowest-paid 10% to $134,690 for the top 10%. That is 3% higher than the national median of $76,690. Pay here is about the same as the Illinois statewide median of $79,150. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $89,240, above the median because a few high earners pull it up.
Pay range for loan officers in Champaign-Urbana, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,100 | $27.93 |
| 25th percentile | $64,490 | $31.00 |
| Median | $78,950 | $37.96 |
| 75th percentile | $99,080 | $47.64 |
| 90th percentile (top earners) | $134,690 | $64.75 |
| Average (mean) | $89,240 | $42.91 |
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 | $6,579.17 |
| Semi-monthly (24 a year) | $3,289.58 |
| Biweekly (26 a year) | $3,036.54 |
| Weekly | $1,518.27 |
| Hourly | $37.96 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $78,950 salary, see how much house you can afford in Illinois at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $80,040 | 7,380 |
| Springfield, IL | $78,600 | 190 |
| Cape Girardeau, MO-IL | $76,400 | 70 |
| Rockford, IL | $75,880 | 90 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Decatur, IL | $75,190 | 90 |
| Peoria, IL | $74,530 | 270 |
| St. Louis, MO-IL | $74,510 | 2,690 |
| Bloomington, IL | $67,140 | 160 |
| Kankakee, IL | $62,570 | 80 |
| Paducah, KY-IL | $60,080 | 90 |
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 Illinois statewide figures.
Related jobs in Champaign-Urbana, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $69,670 | $33.50 |
| Financial and Investment Analysts | $84,330 | $40.54 |
| Personal Financial Advisor | $111,540 | $53.63 |
| Financial Examiner | $77,340 | $37.18 |
| Financial Specialists, All Other | $71,010 | $34.14 |
| Credit Analyst | $78,860 | $37.91 |
| Property Appraisers and Assessors | $63,530 | $30.54 |
| Human Resources Specialist | $67,360 | $32.39 |
| Market Research Analysts and Marketing Specialists | $65,840 | $31.65 |
| Business Operations Specialists, All Other | $76,260 | $36.66 |
| Training and Development Specialists | $64,950 | $31.23 |
| Management Analyst | $98,050 | $47.14 |
| Project Management Specialist | $90,770 | $43.64 |
| Buyers and Purchasing Agents | $74,800 | $35.96 |
More: Business and Financial Operations Occupations · all salaries in Champaign-Urbana, IL
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 Champaign-Urbana, IL?
The median salary for loan officers in the Champaign-Urbana, IL metro area is $78,950 a year, or $37.96 an hour. Pay ranges from $58,100 for the lowest-paid 10% to $134,690 for the top 10%.
How much do the highest-paid loan officers make in Champaign-Urbana, IL?
The top 10% of loan officers in the Champaign-Urbana, IL metro area earn at least $134,690 a year. The top 25% earn $99,080 or more.
What is the starting pay for loan officers in Champaign-Urbana, IL?
Entry-level pay (the 10th percentile) is about $58,100 a year, and a quarter of loan officers earn $64,490 or less.
How many loan officers work in Champaign-Urbana, IL?
About 210 loan officers are employed in the Champaign-Urbana, IL metro area, not counting the self-employed.