Loan Officer salary in Rockford, IL
Loan Officers in the Rockford, IL metro area earn a median of $75,880 a year ($36.48 an hour), based on BLS data for 90 workers.
Pay ranges from $49,080 for the lowest-paid 10% to $127,350 for the top 10%. That is 1% lower than the national median of $76,690. Pay here is 4% lower than the Illinois statewide median of $79,150. There are 0.67 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.38). The average (mean) salary is $83,070, above the median because a few high earners pull it up.
Pay range for loan officers in Rockford, IL
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $49,080 | $23.60 |
| 25th percentile | $59,070 | $28.40 |
| Median | $75,880 | $36.48 |
| 75th percentile | $98,210 | $47.22 |
| 90th percentile (top earners) | $127,350 | $61.23 |
| Average (mean) | $83,070 | $39.94 |
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 | $6,323.33 |
| Semi-monthly (24 a year) | $3,161.67 |
| Biweekly (26 a year) | $2,918.46 |
| Weekly | $1,459.23 |
| Hourly | $36.48 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $75,880 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 |
| 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 Rockford, IL
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,260 | $36.18 |
| Financial and Investment Analysts | $96,160 | $46.23 |
| Personal Financial Advisor | $110,850 | $53.30 |
| Financial Specialists, All Other | $66,320 | $31.89 |
| Human Resources Specialist | $65,490 | $31.49 |
| Market Research Analysts and Marketing Specialists | $61,810 | $29.72 |
| Buyers and Purchasing Agents | $73,720 | $35.44 |
| Project Management Specialist | $94,690 | $45.52 |
| Business Operations Specialists, All Other | $64,060 | $30.80 |
| Training and Development Specialists | $58,700 | $28.22 |
| Logistician | $78,560 | $37.77 |
| Management Analyst | $96,430 | $46.36 |
| Compliance Officer | $63,890 | $30.72 |
| Claims Adjusters, Examiners, and Investigators | $74,660 | $35.89 |
More: Business and Financial Operations Occupations · all salaries in Rockford, 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 Rockford, IL?
The median salary for loan officers in the Rockford, IL metro area is $75,880 a year, or $36.48 an hour. Pay ranges from $49,080 for the lowest-paid 10% to $127,350 for the top 10%.
How much do the highest-paid loan officers make in Rockford, IL?
The top 10% of loan officers in the Rockford, IL metro area earn at least $127,350 a year. The top 25% earn $98,210 or more.
What is the starting pay for loan officers in Rockford, IL?
Entry-level pay (the 10th percentile) is about $49,080 a year, and a quarter of loan officers earn $59,070 or less.
How many loan officers work in Rockford, IL?
About 90 loan officers are employed in the Rockford, IL metro area, not counting the self-employed.