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Loan Officers in Indiana

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Loan Officers in Indiana

Is Indiana a good place for you to work as a Loan Officer?

9.9% Jobs Projection
$56,300 Median Salary
440 Job Openings

You’re in luck! Jobs for Loan Officers in Indiana are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in Indiana is growing faster than average.

  • Loan Officers in Indiana earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 4,250 Loan Officers working in it, which means Indiana has more Loan Officers than average.

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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%.

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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.

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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

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References

More about our data sources and methodologies.

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