Loan Officers Pay Range in Indiana
Pay distribution across experience levels
- 10th Percentile — Entry Level$43,870
- 25th Percentile — Junior$50,380
- 50th Percentile — Median$72,960
- 75th Percentile — Senior$98,960
- 90th Percentile — Top Earners$129,740
Half of Loan Officers in Indiana earn more than $72,960. The top 10% make $129,740 or more, while entry-level workers start around $43,870.
Loan Officers in Indiana: Key Facts
Source: BLS OEWS May 2025
- Indiana ranks 40th of 51 states for Loan Officers pay, at $78,980 per year (10.0% below the U.S. average of $87,790).
- 4,790 people work as Loan Officers in Indiana — 1.7% of all U.S. Loan Officers jobs.
- Location quotient 0.85: Loan Officers jobs are less concentrated in Indiana than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $43,870; the top 10% earn over $129,740.
- Hourly equivalent: $37.97 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Indiana, Personal Financial Advisors pays the most ($137,220).
Loan Officers Job Market in Indiana
Key factors affecting compensation
Indiana's key industries are Manufacturing, Agriculture, Healthcare, and its job market is rated moderate. Loan Officers here earn $78,980 on average, placing the state 40th nationally.
With a cost-of-living index of 0.85 (U.S. = 1.00), a Indiana salary of $78,980 is roughly equivalent to $92,918 at the national average cost of living.
Compared with nearby states in the pay ranking, Hawaii ($81,330), Florida ($81,320), Pennsylvania ($80,450) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Indiana
Related career salary benchmarks
- Personal Financial Advisors $137,220/yr Indiana +73.7% vs this role
- Management Analysts $102,990/yr Indiana +30.4% vs this role
- Project Management Specialists $98,560/yr Indiana +24.8% vs this role
- Financial Examiners $94,350/yr Indiana +19.5% vs this role
- Financial and Investment Analysts $89,080/yr Indiana +12.8% vs this role
- Compliance Officers $85,720/yr Indiana +8.5% vs this role
- Business Operations Specialists All Other $84,750/yr Indiana +7.3% vs this role
- Accountants and Auditors $84,000/yr Indiana +6.4% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Indiana?
The average Loan Officers salary in Indiana is $78,980 per year (median $72,960), which is 10.0% below the national average of $87,790.
How does Indiana rank for Loan Officers pay?
Indiana ranks 40th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Indiana?
The lowest-paid 10% of Loan Officers in Indiana earn about $43,870 per year and the 25th percentile is $50,380.
How much do Loan Officers make per hour in Indiana?
About $37.97 per hour, based on the $78,980 annual average and 2,080 working hours per year.
How many Loan Officers work in Indiana?
BLS counts 4,790 Loan Officers jobs in Indiana (OEWS May 2025).
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