Loan Officers pay in Cleveland
In Cleveland (OH), the median pay for loan officers is $37.37 an hour ($77,730 a year). About 1,920 people work in this job there.
That is about the same as the U.S. median ($76,690). It is 2% higher than the Ohio median ($76,370).
Pay range for loan officers in Cleveland (OH)
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $17.37 | $36,130 |
| 25% of workers | $24.99 | $51,980 |
| Half of workers (median) | $37.37 | $77,730 |
| 75% of workers | $49.70 | $103,380 |
| 90% of workers | $68.26 | $141,990 |
Loan Officers pay in Ohio metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Columbus | $82,160 | 2,410 |
| Cleveland (this page) | $77,730 | 1,920 |
| Cincinnati | $75,300 | 2,060 |
| Sandusky | $74,960 | 60 |
| Toledo | $74,400 | 320 |
| Akron | $72,080 | 270 |
| Dayton-Kettering-Beavercreek | $66,070 | 440 |
| Springfield | $62,860 | 30 |
| Lima | $62,430 | 70 |
| Mansfield | $60,750 | 50 |
| Youngstown-Warren | $60,530 | 100 |
| Canton-Massillon | $57,720 | 240 |
Ohio unemployment rate: 3.3% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Cleveland (OH)
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $80,000 |
| Personal Financial Advisors | $81,130 |
| Financial and Investment Analysts | $98,320 |
| Financial Examiners | $46,960 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.