Loan Officers pay range in Peoria
New workers and the lowest-paid 10% earn about $49,360 a year or less, while the top 10% make $148,920 or more. The middle half of loan officers in Peoria earn between $60,640 and $117,370.
- $49K10th
- $61K25th
- $75KMedian
- $117K75th
- $149K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $88,140 | $7,345 | $42.38 |
| Median | $74,530 | $6,211 | $35.83 |
| Entry level (25th percentile) | $60,640 | $5,053 | $29.15 |
| Experienced (75th percentile) | $117,370 | $9,781 | $56.43 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Peoria
On the average salary of $88,140, a single filer in Peoria takes home about $66,615 a year, or $5,551 a month and $2,562 every two weeks. Taxes take 24% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Peoria a good place for loan officers? Pay vs. cost of living
Prices in the Peoria area are 9% below the U.S. average (BEA price parity 91.2), so the average $88,140 buys what about $96,612 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Peoria ($49,590). A typical home costs $172,742, or 2.0 years of this average salary before tax.
Loan Officers salary in other Illinois cities
Peoria ranks 4th 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
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Loan Officers salary in Peoria: questions
How much do loan officers make an hour in Peoria?
$42.38 an hour on average, and $35.83 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Peoria?
The lowest-paid 10% earn about $49,360 a year and the 25th percentile is $60,640, a fair guide to starting pay.
What is the loan officers take-home pay in Peoria?
About $66,615 a year ($5,551 a month) for a single filer on the average salary of $88,140.
Do loan officers earn more in Peoria than elsewhere?
The average here is about the same as 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 Peoria, IL (37900). Relative standard error of the mean wage: 2.5%.
- 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 0.91, this job is about as common as in the U.S. overall.
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