Loan Officers pay range in Kankakee
New workers and the lowest-paid 10% earn about $50,970 a year or less, while the top 10% make $129,990 or more. The middle half of loan officers in Kankakee earn between $50,970 and $100,010.
- $51K10th
- $51K25th
- $63KMedian
- $100K75th
- $130K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $78,760 | $6,563 | $37.87 |
| Median | $62,570 | $5,214 | $30.08 |
| Entry level (25th percentile) | $50,970 | $4,248 | $24.50 |
| Experienced (75th percentile) | $100,010 | $8,334 | $48.08 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Kankakee
On the average salary of $78,760, a single filer in Kankakee takes home about $60,480 a year, or $5,040 a month and $2,326 every two weeks. Taxes take 23% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Kankakee a good place for loan officers? Pay vs. cost of living
Prices in the Kankakee area are 4% below the U.S. average (BEA price parity 96.4), so the average $78,760 buys what about $81,706 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Kankakee ($45,830). A typical home costs $223,721, or 2.8 years of this average salary before tax.
Loan Officers salary in other Illinois cities
Kankakee ranks 6th of 8 Illinois metro areas for this job; Chicago pays the most ($91,650).
- Chicago$91,650
- Springfield$90,720
- Champaign$89,240
- Peoria$88,140
- Rockford$83,070
- Kankakee$78,760
- Decatur$77,650
- Bloomington$76,310
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
Does this match what you are paid?
Anonymous, no account. Results update as visitors answer.
Share your pay anonymously
Loan Officers salary in Kankakee: questions
How much do loan officers make an hour in Kankakee?
$37.87 an hour on average, and $30.08 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Kankakee?
The lowest-paid 10% earn about $50,970 a year and the 25th percentile is $50,970, a fair guide to starting pay.
What is the loan officers take-home pay in Kankakee?
About $60,480 a year ($5,040 a month) for a single filer on the average salary of $78,760.
Do loan officers earn more in Kankakee than elsewhere?
The average here is 11% less than the U.S. metro average for this job ($88,726).
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 Kankakee, IL (28100). Relative standard error of the mean wage: 5.9%.
- 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 1.11, this job is about as common as in the U.S. overall.
Read the full methodology. Spotted an error? Tell us.