Business & Finance Toledo, OH
Pop. 270,871
Loan Officer Salary in Toledo, Ohio
The median loan officer salary in Toledo, OH is $53,907 per year, which is 18% below the national median and 8.9% below the Ohio state average.
City Median
$53,907
vs State Avg
$-5,259
vs National
$-11,833
Cost of Living
82%
Loan Officer Salary in Toledo by Experience
In Toledo, an entry-level loan officer earns around $31,160, while experienced professionals earn up to $106,600 per year. The local cost of living index is 82% of the national average.
Entry Level (0-2 yrs)
$31,160
$-6,840 vs national
Mid Level (3-7 yrs)
$54,120
$-11,880 vs national
Senior Level (8+ yrs)
$106,600
$-23,400 vs national
Salary Percentiles in Toledo, OH
| Percentile | Toledo |
|---|---|
| 10th Percentile | $28,864 |
| 25th Percentile | $37,228 |
| Median (50th) | $53,907 |
| 75th Percentile | $82,000 |
| 90th Percentile | $126,116 |
Loan Officer Salary in Other Ohio Cities
How to Become a Loan Officer in Toledo
Education
Most loan officer positions require a bachelor's degree. Toledo 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 Toledo may vary based on local industry and population growth.