Loan Officers pay range in Bloomington
New workers and the lowest-paid 10% earn about $46,290 a year or less, while the top 10% make $120,860 or more. The middle half of loan officers in Bloomington earn between $51,820 and $93,840.
- $46K10th
- $52K25th
- $63KMedian
- $94K75th
- $121K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $76,420 | $6,368 | $36.74 |
| Median | $62,720 | $5,227 | $30.15 |
| Entry level (25th percentile) | $51,820 | $4,318 | $24.91 |
| Experienced (75th percentile) | $93,840 | $7,820 | $45.12 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Bloomington
On the average salary of $76,420, a single filer in Bloomington takes home about $58,715 a year, or $4,893 a month and $2,258 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). Includes Bloomington's local income tax (2.14%).
Is Bloomington a good place for loan officers? Pay vs. cost of living
Prices in the Bloomington area are 5% below the U.S. average (BEA price parity 95.1), so the average $76,420 buys what about $80,371 would buy in a typical U.S. metro. This job pays 1.3 times the median wage of all jobs in Bloomington ($47,660). A typical home costs $303,238, or 4.0 years of this average salary before tax.
Loan Officers salary in other Indiana cities
Bloomington ranks 5th of 12 Indiana metro areas for this job; Lafayette pays the most ($86,640).
- Lafayette$86,640
- Elkhart$81,210
- Indianapolis$80,020
- Evansville$78,110
- Bloomington$76,420
- Muncie$74,930
- Terre Haute$74,350
- Fort Wayne$72,560
- Kokomo$72,490
- Michigan City$71,410
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 Bloomington: questions
How much do loan officers make an hour in Bloomington?
$36.74 an hour on average, and $30.15 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Bloomington?
The lowest-paid 10% earn about $46,290 a year and the 25th percentile is $51,820, a fair guide to starting pay.
What is the loan officers take-home pay in Bloomington?
About $58,715 a year ($4,893 a month) for a single filer on the average salary of $76,420. Includes Bloomington's local income tax (2.14%).
Do loan officers earn more in Bloomington than elsewhere?
The average here is 14% 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 Bloomington, IN (14020). Relative standard error of the mean wage: 5.1%.
- 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). Includes Bloomington's local income tax (2.14%).
- Job concentration: location quotient 0.72, this job is less common than in the U.S. overall (location quotient 0.72).
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