Business & Finance Ohio (OH) Rank #38 of 50

Loan Officer Salary in Ohio

The median loan officer salary in Ohio is $59,166 per year, which is 10% below the national median of $65,740.

Median Salary
$59,166
vs National
$-6,574
State Rank
#38 of 50
Cost of Living
90%

Loan Officer Salary in Ohio by Experience

In Ohio, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The cost of living index in Ohio is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national

Salary Percentiles in Ohio

Percentile OH Salary
10th Percentile $31,680
25th Percentile $40,860
Median (50th) $59,166
75th Percentile $90,000
90th Percentile $138,420

Major Cities for Loan Officers in Ohio

The largest employment areas for loan officers in Ohio include Columbus, Cleveland, Cincinnati, and Toledo. Salaries in major metro areas may be higher due to increased demand and cost of living.

Columbus, OH
Metro area for loan officer employment
Cleveland, OH
Metro area for loan officer employment
Cincinnati, OH
Metro area for loan officer employment
Toledo, OH
Metro area for loan officer employment
Akron, OH
Metro area for loan officer employment

How to Become a Loan Officer in Ohio

Education

Most loan officer positions require a bachelor's degree. Ohio has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Ohio

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Ohio's demand may vary based on local industry trends.