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 Pay in Toledo: What to Expect (2026)

Toledo offers a median loan officer salary of $53,907, which is $5,259 below the Ohio state average of $59,166. Compared to the national median of $65,740, Toledo pays below the national benchmark for this role.

One of Toledo's biggest advantages is its low cost of living at 82% of the national average. This means the $53,907 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Toledo an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Toledo spans from $28,864 at the 10th percentile to $126,116 at the 90th percentile — a $97,252 spread. Entry-level professionals start around $31,160, while senior loan officers with 8+ years of experience can earn up to $106,600. With a population of 270,871, Toledo is a mid-sized metro with a growing job market.

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

Columbus, OH
$62,453
Pop. 905,748
Cincinnati, OH
$59,166
Pop. 309,317
Cleveland, OH
$56,536
Pop. 372,624
Akron, OH
$55,222
Pop. 190,469

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.

Find Loan Officer Jobs in Toledo

Browse open loan officer positions in Toledo, OH:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Toledo

How much does a Loan Officer make in Toledo, OH? ▼
The median loan officer salary in Toledo, Ohio is $53,907 per year, which is 18% below the national median of $65,740. Salaries range from $28,864 (10th percentile) to $126,116 (90th percentile).
How much does a Loan Officer make per hour in Toledo? ▼
Based on the median annual salary of $53,907, a loan officer in Toledo earns approximately $26 per hour assuming a standard 2,080-hour work year.
How does Toledo compare to the Ohio state average for loan officer pay? ▼
Toledo's median loan officer salary of $53,907 is 8.9% below the Ohio state average of $59,166. The local cost of living index is 82% of the national average.
What is the cost of living in Toledo, OH? ▼
Toledo has a cost of living index of 82% compared to the national average. This means a loan officer salary of $53,907 in Toledo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Toledo? ▼
Most loan officer positions in Toledo require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.