Loan Officers pay in Indianapolis-Carmel-Greenwood
In Indianapolis-Carmel-Greenwood (IN), the median pay for loan officers is $35.96 an hour ($74,790 a year). About 1,690 people work in this job there.
That is 2% lower than the U.S. median ($76,690). It is 3% higher than the Indiana median ($72,960).
Pay range for loan officers in Indianapolis-Carmel-Greenwood (IN)
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $20.50 | $42,640 |
| 25% of workers | $23.56 | $49,000 |
| Half of workers (median) | $35.96 | $74,790 |
| 75% of workers | $48.73 | $101,360 |
| 90% of workers | $62.57 | $130,140 |
Loan Officers pay in Indiana metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Lafayette-West Lafayette | $75,980 | 110 |
| Terre Haute | $74,890 | 70 |
| Indianapolis-Carmel-Greenwood (this page) | $74,790 | 1,690 |
| Elkhart-Goshen | $74,060 | 110 |
| Evansville | $63,560 | 240 |
| Muncie | $63,460 | 150 |
| Fort Wayne | $63,320 | 410 |
| South Bend-Mishawaka | $63,130 | 160 |
| Bloomington | $62,720 | 90 |
| Kokomo | $60,780 | 60 |
| Michigan City-La Porte | $59,700 | 60 |
| Columbus | $59,040 | 50 |
Indiana unemployment rate: 3.3% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Indianapolis-Carmel-Greenwood (IN)
| Job | Median yearly pay |
|---|---|
| Financial Managers | $146,620 |
| Securities, Commodities, and Financial Services Sales Agents | $65,740 |
| Personal Financial Advisors | $102,640 |
| Financial and Investment Analysts | $80,470 |
| Bill and Account Collectors | $45,900 |
| Loan Interviewers and Clerks | $47,530 |
| Accountants and Auditors | $79,290 |
| Financial Specialists, All Other | $95,410 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.