Loan Officer Salary in Ohio
Based on 10K+ workers in Ohio
Median Annual Salary (OH)
$76,370
$36.72/hr
vs National Average
$76,354
+0.0% vs national median
Salary Range (10th–90th)
$38K – $132K
10K employed in Ohio
The average Loan Officer salary in Ohio stands at $76,370 annually, a figure that reflects the earning potential within this vital financial sector. This median salary falls directly in line with the national average, indicating a balanced compensation landscape across the country for this profession. Currently, approximately 9,880 individuals are employed as Loan Officers throughout the state, showcasing a significant presence in Ohio's economy.
Several factors contribute to the variation within the Loan Officer salary in Ohio, with salaries typically ranging from $38,200 to $131,980. Experience level, the specific type of lending institution, and geographic location within Ohio can all influence an individual's earnings. Additionally, performance metrics, the complexity of loan products handled, and specialized certifications often play a role in determining a Loan Officer's overall compensation package.
Salary Distribution — Loan Officer in Ohio
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $38,200 |
| 25th percentile | $50,550 |
| Median (50th percentile) | $76,370 |
| 75th percentile | $103,260 |
| 90th percentile | $131,980 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Ohio tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Ohio vs National
| Year | Median Salary (Ohio) |
|---|---|
| 2022 | $62,300 |
| 2023 | $63,320 |
| 2024 | $69,220 |
| 2025 | $76,370 |
| 2026 (projected) | $80,952 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Ohio Median | National Median |
|---|---|---|
| 2022 | $62,300 | $68,453 |
| 2023 | $63,320 | $70,692 |
| 2024 | $69,220 | $73,485 |
| 2025 | $76,370 | $76,354 |
| 2026 (projected) | $80,952 | $80,935 |
Loan Officer Salary by Experience Level in Ohio
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $50,550 |
| Mid-level | 3-5 yrs | $76,370 |
| Senior | 6-9 yrs | $103,260 |
| Staff / Lead | 10+ yrs | $131,980 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Ohio
How other high-demand occupations in Ohio compare to Loan Officer ($76,370 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in OH | $140,870 | +84.5% | $67.73/hr |
| Economist in OH | $120,000 | +57.1% | $57.69/hr |
| Actuary in OH | $110,980 | +45.3% | $53.36/hr |
| Financial Analyst in OH | $94,280 | +23.5% | $45.33/hr |
| Personal Financial Advisor in OH | $90,990 | +19.1% | $43.75/hr |
| Tax Examiner in OH | $90,060 | +17.9% | $43.30/hr |
| Budget Analyst in OH | $89,840 | +17.6% | $43.19/hr |
| Credit Analyst in OH | $79,720 | +4.4% | $38.33/hr |
| Accountant in OH | $79,320 | +3.9% | $38.13/hr |
| Compliance Officer in OH | $75,030 | -1.8% | $36.07/hr |
| Securities Sales Agent in OH | $73,300 | -4.0% | $35.24/hr |
| Financial Examiner in OH | $69,040 | -9.6% | $33.19/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in Ohio?
- The median salary for a Loan Officer in Ohio is $76,370 per year, which averages out to $37 per hour. This is on par with the national average, indicating similar earning potential across the country.
How much can a Loan Officer in Ohio expect to earn?
- Loan Officers in Ohio can expect to earn within a range of $38,200 to $131,980 annually. The median salary sits at $76,370, meaning half of all Loan Officers earn more than this figure and half earn less.
Is the salary for Loan Officers in Ohio higher or lower than the national average?
- Loan Officer salaries in Ohio are not significantly different from the national average, showing a +0.0% difference. The median annual salary in Ohio is $76,370, aligning closely with national trends.
How many Loan Officers are employed in Ohio?
- There are approximately 9,880 Loan Officers employed in Ohio. This number represents the total number of professionals in this role within the state.