Loan Officers Salary
Loan Officers in Ohio make a median of $76,370 a year, or about $36.71 an hour. The range runs from $38K at the entry level to $132K for experienced workers. Cost of living is below average (RPP 91.45), which stretches that salary to about $83,510 in buying power. Rent on a 2-bedroom averages $1,188/month, or 23.7% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Ohio. Jump to a metro for precise data:
So what does $76K get you in Ohio?
About loan officers
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What this looks like in Ohio
Loan officers pay in Ohio tracks closely to the national median, $76K locally vs. $77K nationwide, a 0% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,188/month, 23.5% of take-home, well inside the 30% guideline. Regional Price Parity sits at 91.45 (national = 100), meaning everyday costs run about 9% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Ohio
Entry-level loan officers (10th percentile) start around $38K. Mid-career wages sit at $76K. Top earners bring in $132K or more, a $94K spread from bottom to top.
Loan Officers salary by metro in Ohio
12 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Columbus | $82K | +8% | 2,410 |
| Cleveland | $78K | +2% | 1,920 |
| Cincinnati | $75K | -1% | 2,060 |
| Sandusky | $75K | -2% | 60 |
| Toledo | $74K | -3% | 320 |
| Akron | $72K | -6% | 270 |
| Dayton-Kettering-Beavercreek | $66K | -13% | 440 |
| Springfield | $63K | -18% | 30 |
| Lima | $62K | -18% | 70 |
| Mansfield | $61K | -20% | 50 |
| Youngstown-Warren | $61K | -21% | 100 |
| Canton-Massillon | $58K | -24% | 240 |
Showing 1–10 of 12 metros
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when Ohio numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Ohio?
Yes — at the median salary of $76K, rent takes 23.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,188/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in Ohio?
The 10th-percentile wage — what new loan officers typically earn — is $38K/year. Take-home on that works out to about $2,292/month. At HUD’s $1,188/month FMR, rent would take 52% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan officer a high-paying job in Ohio?
Pay here is roughly in line with the national average — $76K locally vs. $77K nationally, a 0% difference.
How does Ohio compare to the national average for loan officers?
Ohio pays $76K median vs. the U.S. average of $77K — that’s +0%. After adjusting for local cost of living (RPP 91.45), the purchasing-power equivalent is $84K — still ahead of the national median.
How much do loan officers make in Ohio?
The median is $76,370 a year, that works out to about $37 an hour. But the range is wide: entry-level workers start around $38,200, and experienced loan officers can clear $131,980. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $76K enough to live in Ohio?
On that salary, you'd take home roughly $5,059/month after taxes. A 2-bedroom here rents for about $1,188/month, which eats 23.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan officers salary go in Ohio?
Ohio has a Regional Price Parity of 91.45 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $83,510 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.