DOL Median (Chicago, IL)
$42,390
vs National
-18.5%
National: $52,000BLS Median (area)
N/A
COL-Adjusted
$45,926
Purchasing power equiv.Salary Comparison
This Location (DOL)
$42,390
-18.5% vs national
National Average (DOL)
$52,000
Baseline
BLS Estimate (This Area)
N/A
No comparison
Purchasing Power Analysis
A Loan Officers in Chicago, IL earns $42,390 in nominal terms, which is 18.5% below the national average of $52,000. After adjusting for the local cost of living (index 92.3 vs national 100), this is equivalent to $45,926 in national-average purchasing power.
Tax differences are not included. Only cost-of-living index adjustments are applied.
Top Employers in Chicago, IL
| Employer | Median Salary | Filings |
|---|---|---|
| Bank of America N.A. | $110,000 | 2 |
| CIBC U.S. | $105,000 | 1 |
| Pacific Global Bank | $45,656 | 1 |
| International Bank of Chicago | $42,390 | 27 |
| Accion Chicago, Inc | $40,082 | 3 |
Explore More
Top-Paying Metros for Loan Officers
Charlotte, NC · $200,000BEVERLY HILLS, CA · $132,500New York, NE · $119,150NEW YORK CITY, NE · $114,408Milpitas, CA · $110,219Top-Paying Roles in Chicago, IL
Cardiologists · $300,000General Internal Medicine Physicians · $230,000Physicians, All Other · $230,000Chief Executives · $200,000Real Estate Brokers · $143,728Frequently Asked Questions
How much does a Loan Officers make in Chicago, IL?
The median Loan Officers salary in Chicago, IL is $42,390 based on 14 DOL filings.
Is Chicago, IL a good place to work as a Loan Officers?
A Loan Officers in Chicago, IL earns 18.5% less than the national median of $52,000, or $45,926 after adjusting for the local cost of living.
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Source: US Department of Labor, Office of Foreign Labor Certification (OFLC) public disclosure files (PERM Form ETA-9089 and LCA Form ETA-9035), and US Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS). Salary figures represent employer filings and government survey estimates, not individual worker pay.