Loan Officers Salary in Ohio
SOC 13-2072 · Ohio · BLS OEWS May 2024
The median salary for Loan Officers in Ohio is $69,222 per year ($33.28/hr). This is 6.7% lower than the national median of $74,173. The middle 50% earn between $49,213 and $99,341 annually. Top earners at the 90th percentile reach $133,266.
Wage Percentiles: Ohio
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $18.19 | $37,835 | -1.7% |
| P25 | $23.66 | $49,213 | -2.5% |
| P50MEDIAN | $33.28 | $69,222 | -6.7% |
| P75 | $47.76 | $99,341 | -2.5% |
| P90 | $64.07 | $133,266 | -8.6% |
Market Context Signal
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
Frequently Asked Questions
What is the median loan officers salary in Ohio?
The median (P50) annual salary for Loan Officers in Ohio is approximately $69,222, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 6.7% lower than the national median of $74,173.
What is the salary range for entry-level loan officers in Ohio?
Entry-level Loan Officers (10th percentile) in Ohio earn approximately $37,835 per year. The 25th percentile is $49,213. Top earners (90th percentile) reach $133,266.
How does Ohio compare to the national average for loan officers?
Ohio pays 6.7% lower than the national average. The national P50 is $74,173 vs $69,222 in Ohio. Based on BLS national data adjusted for regional cost factors.
Loan Officers Salary by Location
Other Roles in Ohio
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