Loan Officer salary in Ohio
Loan Officers in Ohio earn a median of $76,370 a year ($36.71 an hour), based on BLS data for 9,880 workers.
Pay ranges from $38,200 for the lowest-paid 10% to $131,980 for the top 10%. That is about the same as the national median of $76,690. Ohio ranks 25th of 51 states for loan officers pay. There are 1.8 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $83,960, above the median because a few high earners pull it up.
Pay range for loan officers in Ohio
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $38,200 | $18.36 |
| 25th percentile | $50,550 | $24.31 |
| Median | $76,370 | $36.71 |
| 75th percentile | $103,260 | $49.64 |
| 90th percentile (top earners) | $131,980 | $63.45 |
| Average (mean) | $83,960 | $40.37 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,364.17 |
| Semi-monthly (24 a year) | $3,182.08 |
| Biweekly (26 a year) | $2,937.31 |
| Weekly | $1,468.65 |
| Hourly | $36.71 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Ohio
| Metro area | Median salary | Workers |
|---|---|---|
| Columbus, OH | $82,160 | 2,410 |
| Cleveland, OH | $77,730 | 1,920 |
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Sandusky, OH | $74,960 | 60 |
| Toledo, OH | $74,400 | 320 |
| Akron, OH | $72,080 | 270 |
| Dayton-Kettering-Beavercreek, OH | $66,070 | 440 |
| Springfield, OH | $62,860 | 30 |
| Lima, OH | $62,430 | 70 |
| Mansfield, OH | $60,750 | 50 |
| Youngstown-Warren, OH | $60,530 | 100 |
| Wheeling, WV-OH | $59,060 | 110 |
| Canton-Massillon, OH | $57,720 | 240 |
| Huntington-Ashland, WV-KY-OH | $57,000 | 210 |
| Weirton-Steubenville, WV-OH | $52,380 | 50 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in Ohio
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,320 | $38.14 |
| Financial and Investment Analysts | $94,280 | $45.33 |
| Personal Financial Advisor | $90,990 | $43.75 |
| Insurance Underwriter | $79,260 | $38.11 |
| Financial Specialists, All Other | $90,060 | $43.30 |
| Financial Examiner | $69,040 | $33.19 |
| Credit Analyst | $79,720 | $38.33 |
| Financial Risk Specialist | $98,650 | $47.43 |
| Tax Preparer | $49,020 | $23.57 |
| Property Appraisers and Assessors | $63,410 | $30.49 |
| Tax Examiners and Collectors, and Revenue Agents | $76,240 | $36.66 |
| Credit Counselor | $51,160 | $24.60 |
| Budget Analyst | $89,840 | $43.19 |
| Project Management Specialist | $95,770 | $46.04 |
More: Business and Financial Operations Occupations · all salaries in Ohio
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Ohio?
The median salary for loan officers in Ohio is $76,370 a year, or $36.71 an hour. Pay ranges from $38,200 for the lowest-paid 10% to $131,980 for the top 10%.
How much do the highest-paid loan officers make in Ohio?
The top 10% of loan officers in Ohio earn at least $131,980 a year. The top 25% earn $103,260 or more.
What is the starting pay for loan officers in Ohio?
Entry-level pay (the 10th percentile) is about $38,200 a year, and a quarter of loan officers earn $50,550 or less.
How many loan officers work in Ohio?
About 9,880 loan officers are employed in Ohio, not counting the self-employed.