Loan Officers in Illinois
May 2025 wages · tax year 2026
You keep
$60,739
after federal, FICA and Illinois tax
Tax takes
$18,411
23.3% of the whole
Worth, in national money
$61,442
Illinois costs less than average
On that salary you would be around the 25th percentile for this work in Illinois — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$79,150
Kept after tax
$60,739
Worth in national money
$61,442
State rank
21
of 51 states
What this pays, and what it is worth
- Illinois sits in the middle of the pack for loan officers. The median is $79,150, ranking 21 of 51 states with figures. Close enough to the national middle that where you live matters more than the headline suggests.
- Ordinary, locally speaking. Loan officers ranks 148 among 494 occupations Illinois publishes pay for.
- Cost of living is unremarkable here. From $79,150, tax leaves $60,739, and adjusting for local prices barely moves it — about $61,442 in comparable terms. Averages run higher here, $89,350, since top earners drag the number up.
- Illinois occupies the middle band for loan officers: a median of $79,150, ranking 21 of 51. Where nominal pay is close to the national figure, the tax and price adjustments below carry proportionally more weight in determining the real outcome.
- Position 148 of 494 in Illinois places loan officers in the middle of the state's wage distribution. Because within-state and cross-state rankings measure different things, this figure and the national one above should be read together rather than as a single verdict.
- Because Illinois sits close to the national price level, the real-terms figure for loan officers — median $79,150 — tracks the post-tax figure closely: $60,739 retained, $61,442 adjusted. ⚠️ Neither is a wage; the second describes what the first buys. Mean pay of $89,350 exceeds the median, so the upper tail is doing the work.
Compare this career across states
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Pay band: Loan Officers
The state median for this job
| Lowest tenth earn under | $43,020 |
|---|---|
| Half earn under | $79,150 |
| Top tenth earn over | $137,080 |
| This salary | $79,150 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Illinois | $60,739 |
|---|---|
| Take-home in Texas | $64,512 |
| Once local prices are leveledBEA price parity | +$4,945 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $73,787 |
|---|---|
| You could take a cut of | −$6,831 |
| Prices in Texas | 97 vs 99 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- A median is the middle, not an offer. Half of loan officers in Illinois earn under $79,150 and half over. The published range runs $43,020 at the tenth percentile to $137,080 at the ninetieth. Experience and employer move an individual a long way inside that.
- One filer, no dependants, no pension contributions — that is the household behind Illinois's $60,739, worked from $79,150. That is on purpose. It lets states be compared with each other, not with each other's family circumstances. Local city taxes are left out. Locally this work ranks 148 of 494.
- Two cautions on $61,442, the adjusted value of that $79,150 median. It levels out prices with a single number for all of Illinois. No actual address matches that. The wage figures and price figures are also from different years. Each is published on its own timetable. This work sits at 148 of 494 locally.
- Figures are distribution medians for loan officers in Illinois, not entry or offer rates. The published band runs $43,020 to $137,080; within-state dispersion of that width routinely exceeds the dispersion between states, so tenure, employer and metropolitan area predict an individual's pay better than geography does.
- The Illinois take-home of $60,739, on $79,150 for work ranking 148 of 494 locally, models the simplest household deliberately: holding it constant is what makes the interstate comparison meaningful. It also means the absolute figure overstates liability for most real filers, and municipal income taxes are outside the model entirely. The occupation ranks 148 of 494 in the state.
- This $61,442 adjusted figure, worked from $79,150, rests on a state-level price parity averaging over within-state dispersion larger than much of the between-state dispersion. Wage and price vintages differ by publication schedule. The result is directionally sound and not address-specific, for work at 148 of 494 in the state. The occupation ranks 148 of 494 locally.
Questions people ask
Is this the average pay for the job?
No — it is the middle. Half of these workers earn more and half earn less. The average is $89,350, pulled upward by the top of the range, which is why the middle is the fairer number to plan against.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $43,020 and the top tenth $137,080 — experience, employer and specialism separate them, and a single figure hides all three.
What does this pay actually buy where I live?
Further than the number implies. Illinois is cheaper than the national average, so this take-home behaves like $61,442 in national terms.
Where does the difference between the wage and my paycheck go?
Three of them are federal and one is not. After income tax, Social Security, Medicare and Illinois's own levy, $60,739 remains.
Can I compare this job across every state?
Yes for this one. Pay is published in all 51 jurisdictions, so a state-to-state comparison here rests on the same survey everywhere rather than on a patchwork.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Illinois is $89,350. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($43,020) and the ninetieth ($137,080) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Illinois's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $61,442 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $60,739 reflects federal income tax, OASDI, Medicare and Illinois income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.