Loan Officer salary in Springfield, OH
Loan Officers in the Springfield, OH metro area earn a median of $62,860 a year ($30.22 an hour), based on BLS data for 30 workers.
Pay ranges from $39,810 for the lowest-paid 10% to $127,010 for the top 10%. That is 18% lower than the national median of $76,690. Pay here is 18% lower than the Ohio statewide median of $76,370. There are 0.75 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.43). The average (mean) salary is $76,600, above the median because a few high earners pull it up.
Pay range for loan officers in Springfield, OH
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $39,810 | $19.14 |
| 25th percentile | $46,060 | $22.14 |
| Median | $62,860 | $30.22 |
| 75th percentile | $100,790 | $48.46 |
| 90th percentile (top earners) | $127,010 | $61.06 |
| Average (mean) | $76,600 | $36.83 |
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 | $5,238.33 |
| Semi-monthly (24 a year) | $2,619.17 |
| Biweekly (26 a year) | $2,417.69 |
| Weekly | $1,208.85 |
| Hourly | $30.22 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| 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 |
| 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 |
See Loan Officer pay in every state or the Ohio statewide figures.
Related jobs in Springfield, OH
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $71,420 | $34.34 |
| Human Resources Specialist | $62,390 | $30.00 |
| Business Operations Specialists, All Other | $67,600 | $32.50 |
| Project Management Specialist | $77,490 | $37.26 |
| Compliance Officer | $60,400 | $29.04 |
| Buyers and Purchasing Agents | $66,370 | $31.91 |
| Training and Development Specialists | $48,210 | $23.18 |
| Market Research Analysts and Marketing Specialists | $61,210 | $29.43 |
| Management Analyst | $97,570 | $46.91 |
| Cost Estimator | $78,440 | $37.71 |
| Logistician | $82,510 | $39.67 |
More: Business and Financial Operations Occupations · all salaries in Springfield, OH
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 Springfield, OH?
The median salary for loan officers in the Springfield, OH metro area is $62,860 a year, or $30.22 an hour. Pay ranges from $39,810 for the lowest-paid 10% to $127,010 for the top 10%.
How much do the highest-paid loan officers make in Springfield, OH?
The top 10% of loan officers in the Springfield, OH metro area earn at least $127,010 a year. The top 25% earn $100,790 or more.
What is the starting pay for loan officers in Springfield, OH?
Entry-level pay (the 10th percentile) is about $39,810 a year, and a quarter of loan officers earn $46,060 or less.
How many loan officers work in Springfield, OH?
About 30 loan officers are employed in the Springfield, OH metro area, not counting the self-employed.