Loan Officer Salary in Indiana
Based on 5K+ workers in Indiana
Median Annual Salary (IN)
$72,960
$35.08/hr
vs National Average
$76,354
-4.4% vs national median
Salary Range (10th–90th)
$44K – $130K
5K employed in Indiana
Loan Officer salary in Indiana averages $72,960 per year, according to the latest employment data. This figure represents compensation for approximately 4,790 workers currently employed in this role across the state. While Indiana's loan officer salaries are competitive within the Midwest, they fall about 4% below the national average, reflecting regional economic differences and cost-of-living variations.
Several factors influence earning potential for loan officers in Indiana, including experience level, employer type, and geographic location within the state. Larger financial institutions and banks typically offer higher compensation packages than smaller credit unions or mortgage brokers. Additionally, individual performance metrics, such as loan volume and customer retention rates, often directly impact total compensation through bonuses and commission structures.
Salary Distribution — Loan Officer in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $43,870 |
| 25th percentile | $50,380 |
| Median (50th percentile) | $72,960 |
| 75th percentile | $98,960 |
| 90th percentile | $129,740 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Indiana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Indiana vs National
| Year | Median Salary (Indiana) |
|---|---|
| 2022 | $64,930 |
| 2023 | $66,080 |
| 2024 | $71,400 |
| 2025 | $72,960 |
| 2026 (projected) | $74,554 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Indiana Median | National Median |
|---|---|---|
| 2022 | $64,930 | $68,453 |
| 2023 | $66,080 | $70,692 |
| 2024 | $71,400 | $73,485 |
| 2025 | $72,960 | $76,354 |
| 2026 (projected) | $74,554 | $78,022 |
Loan Officer Salary by Experience Level in Indiana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $50,380 |
| Mid-level | 3-5 yrs | $72,960 |
| Senior | 6-9 yrs | $98,960 |
| Staff / Lead | 10+ yrs | $129,740 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Indiana
How other high-demand occupations in Indiana compare to Loan Officer ($72,960 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in IN | $135,840 | +86.2% | $65.31/hr |
| Actuary in IN | $100,690 | +38.0% | $48.41/hr |
| Tax Examiner in IN | $92,410 | +26.7% | $44.43/hr |
| Personal Financial Advisor in IN | $87,710 | +20.2% | $42.17/hr |
| Budget Analyst in IN | $82,080 | +12.5% | $39.46/hr |
| Financial Analyst in IN | $81,760 | +12.1% | $39.31/hr |
| Financial Examiner in IN | $81,300 | +11.4% | $39.09/hr |
| Economist in IN | $80,750 | +10.7% | $38.82/hr |
| Compliance Officer in IN | $78,770 | +8.0% | $37.87/hr |
| Accountant in IN | $77,720 | +6.5% | $37.37/hr |
| Securities Sales Agent in IN | $68,290 | -6.4% | $32.83/hr |
| Credit Analyst in IN | $62,660 | -14.1% | $30.13/hr |
Frequently Asked Questions
How much do loan officers make in Indiana?
- The median salary for loan officers in Indiana is $72,960 per year, or $35 per hour. This is about 4.4% lower than the national average for the position.
What is the salary range for loan officers in Indiana?
- Loan officer salaries in Indiana range from $43,870 at the lower end to $129,740 at the higher end, depending on experience, employer, and performance.
Is being a loan officer in Indiana a good paying job?
- Yes, with a median salary of $72,960 per year, loan officer positions in Indiana offer competitive compensation. However, Indiana's average is 4.4% below the national average, so earnings may be slightly lower than in other states.
How many loan officers are employed in Indiana?
- There are approximately 4,790 loan officers currently employed in Indiana, representing a solid job market for this profession in the state.