Loan Officer Salary in Indiana
Loan Officers in Indiana earn an average of $64,627 per year across 1 metro area. This is +7.7% lower than the national average.
Average Salary
$64,627
per year
Hourly Rate
$31.07
per hour
vs National
-7.7%
$69,990 national
Salary Range
$43,110
to $95,134
Cost of Living Adjusted Salary
Nominal Salary
$64,627
Cost of Living Index
90
100 = national average
Adjusted Salary
$71,808
purchasing power equivalent
After adjusting for Indiana's cost of living (below average), a Loan Officer's salary of $64,627 has the purchasing power of $71,808 in an average-cost area.
Loan Officer Salary by City in Indiana
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Indianapolis, IN | $64,627 | $31.07/hr | $43,110 | $95,134 | 302 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Indiana vs National Average
Loan Officer Salary Comparison
Employment in Indiana
There are approximately 302 Loan Officers employed across 1 metro area in Indiana.
Key Industries: Manufacturing, Agriculture, Pharmaceuticals
State Income Tax: 3.05% flat rate
Loan Officer Salary Range in Indiana
Entry Level (10th Percentile)
$43,110
Starting salary for new Loan Officers
Median (50th Percentile)
$64,627
Mid-career Loan Officer salary
Senior (90th Percentile)
$95,134
Top earners in the field
Related Occupations in Indiana
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Indiana with nearby states to find the best opportunities.
More Indiana Data
Frequently Asked Questions
What is the average Loan Officer salary in Indiana?
The average Loan Officer salary in Indiana is $64,627 per year ($31.07/hour) based on 2026 data across 1 metro areas. This is 7.7% below the national average of $69,990.
What is the highest paying city for Loan Officers in Indiana?
Indianapolis, IN is the highest paying city for Loan Officers in Indiana, with a median salary of $64,627 per year.
What is the salary range for Loan Officers in Indiana?
Loan Officer salaries in Indiana range from $43,110 (entry-level, 10th percentile) to $95,134 (experienced, 90th percentile). The median salary is $64,627 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Indiana. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.