Loan Officers in Indiana
Is Indiana a good place for you to work as a Loan Officer?
You’re in luck! Jobs for Loan Officers in Indiana are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Indiana is growing faster than average.
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Loan Officers in Indiana earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Indiana?
In Indiana, there were 4,850 people working as Loan Officers in the year 2018.
There were 5,010 Loan Officers employed in this state in 2017.
That’s a decline of 160 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Indiana has more Loan Officers than average.
Job Projections for Indiana
Jobs for Loan Officers in this state are growing at a rate of 9.9% which is slower than the nationwide estimated projection of 11.4%.
Indiana Annual Job Openings
The BLS is projecting 440 annual Loan Officers job openings in Indiana, and 5,130 total jobs in the year 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Indiana?
In 2018 wages for Loan Officers ranged from $32,990 to $116,370 with $56,300 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $15.86 to $55.95. The median hourly rate was $27.07.
Workers in this field were paid a median of $26.93 an hour in 2017.
The hourly rate grew by $0.14.
The median salary in Indiana is higher than the nationwide median salary.
Top Indiana Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI | 9,050 | $71,540 |
| Cincinnati, OH-KY-IN | 3,310 | $66,200 |
| Indianapolis-Carmel-Anderson, IN | 1,880 | $58,280 |
| Louisville/Jefferson County, KY-IN | 1,580 | $61,040 |
| Fort Wayne, IN | 340 | $76,420 |
| Evansville, IN-KY | 320 | $44,290 |
| South Bend-Mishawaka, IN-MI | 170 | $53,910 |
| Elkhart-Goshen, IN | 160 | $51,770 |
| Terre Haute, IN | 130 | $43,720 |
| Muncie, IN | 120 | $47,890 |
| Lafayette-West Lafayette, IN | 100 | $52,360 |
| Bloomington, IN | 90 | $79,170 |
| Columbus, IN | 70 | $51,010 |
| Kokomo, IN | 60 | $61,030 |
| Michigan City-La Porte, IN | 60 | n/a |
Top States for Loan Officers Employment
View the list below to see where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in IN
You may also be interested in the following careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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