Loan Officers in Indiana
May 2025 wages · tax year 2026
You keep
$58,035
after federal, FICA and Indiana tax
Tax takes
$14,925
20.5% of the whole
Worth, in national money
$62,955
Indiana costs less than average
On that salary you would be around the 25th percentile for this work in Indiana — 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
$72,960
Kept after tax
$58,035
Worth in national money
$62,955
State rank
31
of 51 states
What this pays, and what it is worth
- Indiana sits in the middle of the pack for loan officers. The median is $72,960, ranking 31 of 51 states with figures. Close enough to the national middle that where you live matters more than the headline suggests.
- Middle of the local pack. Of 493 occupations Indiana reports figures for, this is number 140.
- Here is where Indiana does better than its wage suggests. From a median of $72,960 you keep $58,035, and because things cost less here than the national average, that behaves like $62,955 would elsewhere. The average is higher, $78,980, because the best-paid pull it up.
- Indiana occupies the middle band for loan officers: a median of $72,960, ranking 31 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.
- In Indiana's occupational distribution, loan officers sits at 140 of 493 — neither quartile. This local position is what a resident compares against, and it is determined by the state's own labor market rather than by national patterns for this occupation.
- After federal, FICA and Indiana income tax, retained pay for loan officers on $72,960 is $58,035. Deflating by the state's price level — below the national average — gives $62,955 in national-average terms. ⚠️ That figure is purchasing power, not a wage, and nobody is paid it; it is what the take-home buys. The mean of $78,980 sits above the median, the right skew typical of wage data.
Compare this career across states
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Pay band: Loan Officers
The state median for this job
| Lowest tenth earn under | $43,870 |
|---|---|
| Half earn under | $72,960 |
| Top tenth earn over | $129,740 |
| This salary | $72,960 |
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 Indiana | $58,035 |
|---|---|
| Take-home in Texas | $60,157 |
| Once local prices are leveledBEA price parity | −$1,049 |
The raise and the real gain point in opposite directions here.
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 | $69,942 |
|---|---|
| Raise you would need | +$1,449 |
| Prices in Texas | 97 vs 92 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Treat $72,960 as a midpoint for Indiana, not a promise. The tenth percentile is $43,870 and the ninetieth is $129,740 — a wide band, and where you land in it depends on far more than the state.
- That $58,035 take-home in Indiana comes from $72,960. It is the no-frills case: single filer, standard deduction, nothing set aside before tax. Real circumstances almost always reduce the tax. City and school-district taxes are not counted at all. Locally the work ranks 140 of 493.
- Two cautions on $62,955, the adjusted value of that $72,960 median. It levels out prices with a single number for all of Indiana. 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 140 of 493 locally.
- The Indiana median of $72,960 describes the midpoint of a distribution spanning $43,870 to $129,740. Because that spread is typically larger than the interstate spread, a state median is a weak predictor for any individual worker in this occupation.
- Retained pay of $58,035, from $72,960, assumes a single Indiana filer with the standard deduction and no elective deferrals. Pre-tax retirement or HSA contributions, dependants and itemized deductions all reduce it further; local income taxes, excluded here, would increase it in the states that levy them. This occupation ranks 140 of 493 locally, and the state ranks 31 of 51 for it.
- This $62,955 adjusted figure, worked from $72,960, 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 140 of 493 in the state. The occupation ranks 140 of 493 locally.
Questions people ask
Is this the average pay for the job?
Half earn more than this and half earn less. The average sits at $78,980 because a long tail of high pay lifts it, so the two answer different questions.
Why is the pay range for this job so wide?
The label is broader than the work. From $43,870 at the bottom tenth to $129,740 at the top, the same title covers roles that share little beyond a name.
What does this pay actually buy where I live?
A smaller wage in a cheaper place is not automatically less. Adjusted for local prices, this is worth $62,955.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; Indiana then takes its own share, leaving $58,035.
Can I compare this job across every state?
All 51 jurisdictions report this work, which makes the ranking a like-for-like one.
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 Indiana is $78,980. 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 ($43,870) and the ninetieth ($129,740) 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?
Indiana'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 $62,955 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 $58,035 reflects federal income tax, OASDI, Medicare and Indiana 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.