Loan Officers Pay Range in Ohio
Pay distribution across experience levels
- 10th Percentile — Entry Level$38,200
- 25th Percentile — Junior$50,550
- 50th Percentile — Median$76,370
- 75th Percentile — Senior$103,260
- 90th Percentile — Top Earners$131,980
Half of Loan Officers in Ohio earn more than $76,370. The top 10% make $131,980 or more, while entry-level workers start around $38,200.
Loan Officers in Ohio: Key Facts
Source: BLS OEWS May 2025
- Ohio ranks 32nd of 51 states for Loan Officers pay, at $83,960 per year (4.4% below the U.S. average of $87,790).
- 9,880 people work as Loan Officers in Ohio — 3.6% of all U.S. Loan Officers jobs.
- Location quotient 1.01: Loan Officers jobs are more concentrated in Ohio than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $38,200; the top 10% earn over $131,980.
- Hourly equivalent: $40.37 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Ohio, Personal Financial Advisors pays the most ($123,380).
Loan Officers Job Market in Ohio
Key factors affecting compensation
Ohio's key industries are Manufacturing, Healthcare, Retail, and its job market is rated moderate. Loan Officers here earn $83,960 on average, placing the state 32nd nationally.
With a cost-of-living index of 0.88 (U.S. = 1.00), a Ohio salary of $83,960 is roughly equivalent to $95,409 at the national average cost of living.
Compared with nearby states in the pay ranking, Georgia ($84,980), Maryland ($84,190), North Carolina ($84,160) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Ohio
Related career salary benchmarks
- Personal Financial Advisors $123,380/yr Ohio +47.0% vs this role
- Project Management Specialists $102,210/yr Ohio +21.7% vs this role
- Financial and Investment Analysts $100,560/yr Ohio +19.8% vs this role
- Management Analysts $100,250/yr Ohio +19.4% vs this role
- Budget Analysts $94,430/yr Ohio +12.5% vs this role
- Logisticians $89,600/yr Ohio +6.7% vs this role
- Credit Analysts $88,680/yr Ohio +5.6% vs this role
- Accountants and Auditors $88,280/yr Ohio +5.1% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Ohio?
The average Loan Officers salary in Ohio is $83,960 per year (median $76,370), which is 4.4% below the national average of $87,790.
How does Ohio rank for Loan Officers pay?
Ohio ranks 32nd out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Ohio?
The lowest-paid 10% of Loan Officers in Ohio earn about $38,200 per year and the 25th percentile is $50,550.
How much do Loan Officers make per hour in Ohio?
About $40.37 per hour, based on the $83,960 annual average and 2,080 working hours per year.
How many Loan Officers work in Ohio?
BLS counts 9,880 Loan Officers jobs in Ohio (OEWS May 2025).
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