Loan Processor salary in Chicago, IL

Average salary
$44,000/yr
Based on 54 income tax records
Total salary range: is $33,500 - $55,000
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DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

greyed out histogram
Not enough histogram data
DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

How much do Loan Processors make?
The average total salary for a Loan Processor is $44,000 per year. This is based on data from 54 TurboTax users who reported their job as Loan Processor and includes taxable wages, tips, bonuses, and more. Loan Processor salary can vary between $20,500 to $116,500 depending on factors including education, skills, experience, employer & location. Read more
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Loan Processor salary by location

Location
Average salary per year*
Salary range**
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Grand Rapids, MI
16 income tax records
$45,000/yr
$37K – $54K
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Chicago, IL
54 income tax records
$44,000/yr
$33K – $55K
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Fort Wayne, IN
12 income tax records
$43,500/yr
$35K – $65K
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Milwaukee, WI
29 income tax records
$38,000/yr
$24K – $52K
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Madison, WI
11 income tax records
$36,500/yr
$35K – $47K

Loan Processor salary by company

Employer
Average salary per year*
Salary range**

Loan Processor demographics in Chicago, IL

single icon
88% are single
married icon
12% are married
have kids icon
37% have kids
own a home icon
18% own a home

Loan Processor salaries by age in Chicago, IL

$0
$12,500
$25,000
$37,500
$50,000
18-25
26-35
36-45
46-55
56+
Years of age

Effective Tax Rates for Loan Processors in Chicago, IL

54 full-time salaries from 2019
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FAQS
The average salary for a loan processor in Chicago, IL is $44,000 per year. Loan processor salaries in Chicago, IL can vary between $20,500 to $116,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 54 tax returns from TurboTax customers who reported their occupation as loan processor.

The following cities offer the highest salaries for loan processors near Chicago, IL: Grand Rapids, MI ($45,000 a year), Chicago, IL ($44,000 a year), and Fort Wayne, IN ($43,500 a year).
*
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.