Business & Finance Akron, OH
Pop. 190,469
Loan Officer Salary in Akron, Ohio
The median loan officer salary in Akron, OH is $55,222 per year, which is 16% below the national median and 6.7% below the Ohio state average.
City Median
$55,222
vs State Avg
$-3,944
vs National
$-10,518
Cost of Living
84%
Loan Officer Salary in Akron by Experience
In Akron, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The local cost of living index is 84% of the national average.
Entry Level (0-2 yrs)
$31,920
$-6,080 vs national
Mid Level (3-7 yrs)
$55,440
$-10,560 vs national
Senior Level (8+ yrs)
$109,200
$-20,800 vs national
Salary Percentiles in Akron, OH
| Percentile | Akron |
|---|---|
| 10th Percentile | $29,568 |
| 25th Percentile | $38,136 |
| Median (50th) | $55,222 |
| 75th Percentile | $84,000 |
| 90th Percentile | $129,192 |
Loan Officer Salary in Other Ohio Cities
How to Become a Loan Officer in Akron
Education
Most loan officer positions require a bachelor's degree. Akron and the surrounding Ohio area have institutions offering relevant programs.
Key Skills
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Akron may vary based on local industry and population growth.