Average Loan Officers Salary in Bloomington, IN
The average salary for Loan Officerss in Bloomington, IN is $74,850. While this is lower than the national average, the cost of living in Bloomington, IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $74,850 per year.
- Growth Trend: Salaries have shifted 12.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,740.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Bloomington, IN economy.
Salary Overview
The average Loan Officers in Bloomington, IN earns-13.2%below the national average.
$36
$1,439
$6,238
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Bloomington, IN have seen a slight adjustment of -12.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Bloomington, IN
The earning potential for Loan Officerss in Bloomington, IN varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $48,120, while highly experienced professionals can command wages upwards of $117,740.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,120 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,138 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,730 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,563 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,740 | $56.6 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$74,850
Gross Pay
Real Wage (Purchasing Power)
$74,850
Adjusted for COL (100)
In Bloomington, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $74,850 to $74,850.
Job Market Context
100
Total Jobs
1.339
Per 1K Jobs
0.71
Location Quotient
Bloomington, IN has 0.71x the national average concentration of Loan Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
100 people work as Loan Officers in Bloomington, IN.
1.339 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Columbus, IN Loan Officers Salary | $67,040↓ 10% | 33 mi |
| Indianapolis-Carmel-Greenwood, IN Loan Officers Salary | $87,320↑ 17% | 47 mi |
| Northern Indiana nonmetropolitan area Loan Officers Salary | $76,360↑ 2% | 49 mi |
| Southern Indiana nonmetropolitan area Loan Officers Salary | $79,910↑ 7% | 49 mi |
| Central Indiana nonmetropolitan area Loan Officers Salary | $71,150↓ 5% | 49 mi |
Comparing salaries near Bloomington, IN
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Bloomington, IN?
The median annual salary for a Loan Officers in Bloomington, IN is $74,850. This typically ranges from $48,120 for entry-level positions to $117,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IN is 13.2% lower than the national median of $86,220.
Is Bloomington, IN a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Bloomington, IN is $74,850 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Bloomington, IN. See distinct detailed breakdown below.
Is Bloomington, IN a good place to live for Loan Officers?
The Cost of Living Index in Bloomington, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IN?
Some top paying nearby cities include Columbus, IN ($67,040) and Indianapolis-Carmel-Greenwood, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Bloomington, IN area with a job density of 1.339 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Bloomington, IN