Loan Officers pay range in Kokomo
New workers and the lowest-paid 10% earn about $46,420 a year or less, while the top 10% make $120,540 or more. The middle half of loan officers in Kokomo earn between $51,340 and $84,650.
- $46K10th
- $51K25th
- $61KMedian
- $85K75th
- $121K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $72,490 | $6,041 | $34.85 |
| Median | $60,780 | $5,065 | $29.22 |
| Entry level (25th percentile) | $51,340 | $4,278 | $24.68 |
| Experienced (75th percentile) | $84,650 | $7,054 | $40.70 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Kokomo vs. Indiana and the U.S.
Loan officers in Kokomo earn 8% less than the Indiana average ($78,980) and 17% less than the U.S. average ($87,790). At the median the gap is -21% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Kokomo | $72,490 | $60,780 | $46,420 | $120,540 | 60 |
| Indiana | $78,980 | $72,960 | $43,870 | $129,740 | 4,790 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Kokomo
On the average salary of $72,490, a single filer in Kokomo takes home about $56,288 a year, or $4,691 a month and $2,165 every two weeks. Taxes take 22% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Kokomo's local income tax (1.95%).
Is Kokomo a good place for loan officers? Pay vs. cost of living
Prices in the Kokomo area are 10% below the U.S. average (BEA price parity 89.6), so the average $72,490 buys what about $80,861 would buy in a typical U.S. metro. This job pays 1.2 times the median wage of all jobs in Kokomo ($48,980). A typical home costs $194,129, or 2.7 years of this average salary before tax.
Loan Officers salary in other Indiana cities
Kokomo ranks 9th 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
Does this match what you are paid?
Anonymous, no account. Results update as visitors answer.
Share your pay anonymously
Loan Officers salary in Kokomo: questions
How much do loan officers make an hour in Kokomo?
$34.85 an hour on average, and $29.22 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Kokomo?
The lowest-paid 10% earn about $46,420 a year and the 25th percentile is $51,340, a fair guide to starting pay.
What is the loan officers take-home pay in Kokomo?
About $56,288 a year ($4,691 a month) for a single filer on the average salary of $72,490. Includes Kokomo's local income tax (1.95%).
Do loan officers earn more in Kokomo than elsewhere?
The average here is 17% less than the U.S. average for this job ($87,790).
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 Kokomo, IN (29020). Relative standard error of the mean wage: 5.3%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- 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 Kokomo's local income tax (1.95%).
- Job concentration: location quotient 0.95, this job is about as common as in the U.S. overall.
Read the full methodology. Spotted an error? Tell us.