Disclosure: This page contains affiliate links marked with (Ad). If you click through and make a purchase, we may earn a commission at no extra cost to you.
Learn more
Loan Officers Salary in Indiana
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Indiana?
Last updated: 2025 data from the Bureau of Labor Statistics
$72,960
Median Annual Salary
▲
+2.2% vs 2024
$78,980
Mean Salary
$72,960
Median Salary
$35.08
Hourly Rate
4,790 people work as Loan Officers in Indiana
Loan Officers salary by percentile in Indiana
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Indiana earn a median salary of $72,960 per year ($6,080/month).
This is 4.4% below the national average of $76,354.
Indiana ranks #31 out of 51 states for Loan Officers pay.
Approximately 4,790 people work in this occupation across Indiana.
Salaries increased by 2.2% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Indiana range from $43,870 at the 10th percentile (entry level) to $129,740 at the 90th percentile (experienced). The middle 50% earn between $50,380 and $98,960.
Median $72,960
P10: $43,870P25: $50,380P75: $98,960P90: $129,740
10th
$43,870
25th
$50,380
Median
$72,960
75th
$98,960
90th
$129,740
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$43,870
$21.09
$3,655
25th Percentile
$50,380
$24.22
$4,198
Median (50th)
$72,960
$35.08
$6,080
75th Percentile
$98,960
$47.58
$8,246
90th Percentile (Experienced)
$129,740
$62.38
$10,811
Note: The mean (average) salary of $78,980 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in Indiana is $72,960 as of 2025. The average (mean) salary is $78,980.
What is the salary range for a Loan Officers in Indiana?
Salaries for Loan Officers in Indiana range from $43,870 at the 10th percentile to $129,740 at the 90th percentile. The middle 50% earn between $50,380 and $98,960.
What is the starting salary for a Loan Officers in Indiana?
Entry-level Loan Officers positions in Indiana typically start around $43,870 (10th percentile). With some experience, salaries rise to $50,380 (25th percentile).
How many people work as Loan Officers in Indiana?
According to 2025 BLS data, approximately 4,790 people are employed as Loan Officers in Indiana.
What is the hourly rate for a Loan Officers in Indiana?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Indiana is approximately $35.08 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
We use cookies to improve your experience, analyze site traffic, and serve relevant ads.
You can choose which categories to allow. For details, see our
Privacy Policy and
Cookie List.