Loan Officer Salary in Chicago, IL
How much do Loan Officers earn in Chicago, IL? See local salary data, cost-of-living adjustments, and percentile breakdowns.
Local Median
$77,147
National Median
$74,180
vs National
+4%
CoL Adjusted
$71,898
| Percentile | Chicago, IL | National | Difference |
|---|---|---|---|
| 10th | $40,030 | $38,490 | +4% |
| 25th | $53,934 | $51,860 | +4% |
| 50th (Median) | $77,147 | $74,180 | +4% |
| 75th | $111,436 | $107,150 | +4% |
| 90th | $151,611 | $145,780 | +4% |
Chicago, IL has a cost of living index of 107.3 (national average = 100). This means living in Chicago, IL is 7% more expensive than the national average.
After adjusting for cost of living, a Loan Officer's median salary of $77,147 in Chicago, IL has the purchasing power of approximately $71,898 at national-average prices.
Explore Chicago, IL Cost of LivingAnnual
$58,743
Monthly
$4,895
Biweekly
$2,259
| Tax Item | Amount |
|---|---|
| Gross Salary | $77,147 |
| Federal Income Tax | -$8,813 |
| State Tax (Illinois) | -$3,689 |
| Social Security | -$4,783 |
| Medicare | -$1,119 |
| Total Tax | -$18,404 |
| Take-Home Pay | $58,743 |
Based on single filer with standard deduction. Illinois has a flat 4.95% state income tax.
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Loan Officer Salary in Chicago, IL: What to Expect in 2025
Loan Officers in Chicago, IL earn a median salary of $77,147, which is 4% higher the national median of $74,180. The cost of living in Chicago, IL is close to the national average, so the salary roughly matches its purchasing power.