Loan Officers pay range in Springfield
New workers and the lowest-paid 10% earn about $52,380 a year or less, while the top 10% make $151,540 or more. The middle half of loan officers in Springfield earn between $62,930 and $97,460.
- $52K10th
- $63K25th
- $79KMedian
- $97K75th
- $152K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $90,720 | $7,560 | $43.62 |
| Median | $78,600 | $6,550 | $37.79 |
| Entry level (25th percentile) | $62,930 | $5,244 | $30.25 |
| Experienced (75th percentile) | $97,460 | $8,122 | $46.86 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Springfield vs. Illinois and the U.S.
Loan officers in Springfield earn about the same as the Illinois average ($89,350) and 3% more than the U.S. average ($87,790). At the median the gap is +2% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Springfield | $90,720 | $78,600 | $52,380 | $151,540 | 190 |
| Illinois | $89,350 | $79,150 | $43,020 | $137,080 | 10,890 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Springfield
On the average salary of $90,720, a single filer in Springfield takes home about $68,302 a year, or $5,692 a month and $2,627 every two weeks. Taxes take 25% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Springfield a good place for loan officers? Pay vs. cost of living
Prices in the Springfield area are 7% below the U.S. average (BEA price parity 92.7), so the average $90,720 buys what about $97,817 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Springfield ($52,670). A typical home costs $200,409, or 2.2 years of this average salary before tax.
Loan Officers salary in other Illinois cities
Springfield ranks 2nd of 8 Illinois metro areas for this job; Chicago pays the most ($91,650).
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Springfield: questions
How much do loan officers make an hour in Springfield?
$43.61 an hour on average, and $37.79 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Springfield?
The lowest-paid 10% earn about $52,380 a year and the 25th percentile is $62,930, a fair guide to starting pay.
What is the loan officers take-home pay in Springfield?
About $68,302 a year ($5,692 a month) for a single filer on the average salary of $90,720.
Do loan officers earn more in Springfield than elsewhere?
The average here is 3% more than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Springfield, IL (44100). Relative standard error of the mean wage: 3.3%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
- Job concentration: location quotient 1.09, this job is about as common as in the U.S. overall.
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