LocalSalaryHub Salary Report
Loan Officers in Kokomo, IN · Generated June 5, 2026
Loan Officers Salary in Kokomo, IN $60,780/yr
$60,780
Mean: $72,490
~$47,408 est. take-home
$29.22
Based on 2,080 hrs/yr
100
100 = national avg
Salary Distribution
Where the median falls between the 25th and 75th percentile.
25th %
$51,340
Median
$60,780
75th %
$84,650
Median is in the 28th percentile of the typical range
Loan Officers in other IN cities
Compare the same occupation across cities in IN.
About Loan Officers salaries in Kokomo, IN
Loan Officers in Kokomo, IN earn a median of $60,780 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $72,490, which tends to skew higher because a small number of high earners pull the average up.
Most loan officers in this area earn between $51,340 and $84,650. Where you land depends on experience, employer type, and whether you have in-demand specializations.
That works out to roughly $29.22 per hour assuming a standard 2,080-hour work year. Actual hourly pay may differ for part-time or contract roles.
Career Outlook
4% growth. Mortgage volume swings with interest rates, but commercial lending, SBA loans, and fintech platforms create steadier demand. When rates drop, refinance booms create temporary spikes in hiring.
Worth knowing: Commercial loan officers consistently out-earn consumer loan officers. The commission structure matters more than the base salary — top producers at commercial banks can double their base through origination fees.
Loan Officers Jobs in Kokomo, IN
Median: $60,780/yr — browse openings that fit.
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Frequently Asked Questions
What is the average salary for a loan officers in Kokomo?▾
The median — where half earn more and half earn less — is $60,780. The average (mean) is $72,490, which is higher because top earners pull it up.
How much does a loan officers make per hour in Kokomo?▾
About $29.22/hour, based on a standard 2,080-hour work year. Part-time or overtime hours will change the actual rate.
What is the salary range for loan officers in Kokomo?▾
The middle 50% earn between $51,340 and $84,650. Below $51,340 is typically entry-level; above $84,650 usually means significant experience or specialized skills.
Salary Conversion Table
How does $60,780 per year break down across different time periods?
| Period | Gross | Est. Take-Home |
|---|---|---|
| Yearly | $60,780 | $47,408 |
| Monthly | $5,065 | $3,951 |
| Biweekly | $2,338 | $1,823 |
| Weekly | $1,169 | $912 |
| Hourly (40h/wk) | $29.22 | $22.79 |
| Hourly (35h/wk) | $33.4 | $26.05 |
| Hourly (30h/wk) | $38.96 | $30.39 |
| Daily (8h) | $234 | $182 |
Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.
Loan Officers: Highest-Paying Cities in the U.S.
Top 10 cities nationwide for loan officers, based on BLS median salary data.
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