Loan Officer salary in Peoria, IL
Loan Officers in the Peoria, IL metro area earn a median of $74,530 a year ($35.83 an hour), based on BLS data for 270 workers.
Pay ranges from $49,360 for the lowest-paid 10% to $148,920 for the top 10%. That is 3% lower than the national median of $76,690. Pay here is 6% lower than the Illinois statewide median of $79,150. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $88,140, above the median because a few high earners pull it up.
Pay range for loan officers in Peoria, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $49,360 | $23.73 |
| 25th percentile | $60,640 | $29.15 |
| Median | $74,530 | $35.83 |
| 75th percentile | $117,370 | $56.43 |
| 90th percentile (top earners) | $148,920 | $71.60 |
| Average (mean) | $88,140 | $42.38 |
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 | $6,210.83 |
| Semi-monthly (24 a year) | $3,105.42 |
| Biweekly (26 a year) | $2,866.54 |
| Weekly | $1,433.27 |
| Hourly | $35.83 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $74,530 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 |
| Champaign-Urbana, IL | $78,950 | 210 |
| 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 |
| 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 Peoria, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,540 | $38.24 |
| Financial and Investment Analysts | $83,500 | $40.14 |
| Insurance Underwriter | $75,910 | $36.49 |
| Personal Financial Advisor | $108,930 | $52.37 |
| Financial Specialists, All Other | $78,900 | $37.93 |
| Financial Examiner | $80,000 | $38.46 |
| Financial Risk Specialist | $119,580 | $57.49 |
| Property Appraisers and Assessors | $65,720 | $31.60 |
| Credit Analyst | $66,910 | $32.17 |
| Market Research Analysts and Marketing Specialists | $78,700 | $37.84 |
| Human Resources Specialist | $74,020 | $35.59 |
| Business Operations Specialists, All Other | $76,490 | $36.77 |
| Project Management Specialist | $123,730 | $59.48 |
| Buyers and Purchasing Agents | $96,880 | $46.58 |
More: Business and Financial Operations Occupations · all salaries in Peoria, 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 Peoria, IL?
The median salary for loan officers in the Peoria, IL metro area is $74,530 a year, or $35.83 an hour. Pay ranges from $49,360 for the lowest-paid 10% to $148,920 for the top 10%.
How much do the highest-paid loan officers make in Peoria, IL?
The top 10% of loan officers in the Peoria, IL metro area earn at least $148,920 a year. The top 25% earn $117,370 or more.
What is the starting pay for loan officers in Peoria, IL?
Entry-level pay (the 10th percentile) is about $49,360 a year, and a quarter of loan officers earn $60,640 or less.
How many loan officers work in Peoria, IL?
About 270 loan officers are employed in the Peoria, IL metro area, not counting the self-employed.