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Loan Officers in Ohio

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Loan Officers in Ohio

Want to work in Ohio as a Loan Officer? Read this first!

9.9% Jobs Projection
$64,770 Median Salary
1,160 Job Openings

You’re in luck! Jobs for Loan Officers in Ohio are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Loan Officers in Ohio is growing faster than average.

  • Loan Officers in Ohio earn higher salaries than the typical U.S. wage earner.

How Many Loan Officers Work in Ohio?

11,520 people worked as Loan Officers in 2018 in this state.

There were 12,130 Loan Officers employed in this state in 2017.

That’s a decline of 610 jobs between 2017 and 2018.

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The typical state has 4,250 Loan Officers working in it, which means Ohio has more Loan Officers than average.

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Job Projections for Ohio

Jobs for Loan Officers in this state are growing at a rate of 9.9% which is slower than the nationwide estimated projection of 11.4%.

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Ohio Annual Job Openings

The BLS is projecting 1,160 annual Loan Officers job openings in Ohio, and 13,620 total jobs in the year 2026.

Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.

What do Loan Officers Make in Ohio?

In 2018 wages for Loan Officers ranged from $31,030 to $122,200 with $64,770 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $14.92 to $58.75. The median hourly rate was $31.14.

Workers in this field were paid a median of $31.5 an hour in 2017.

The hourly rate declined by $0.36.

The median salary in Ohio is higher than the nationwide median salary.

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Top Ohio Metros for Loan Officers

The table below shows some of the metros in this state with the most Loan Officers.

Metro Number Employed Annual Median Salary
Cincinnati, OH-KY-IN 3,310 $66,200
Columbus, OH 2,830 $62,170
Cleveland-Elyria, OH 2,630 $75,500
Dayton, OH 840 $50,530
Toledo, OH 380 $70,950
Youngstown-Warren-Boardman, OH-PA 370 $43,640
Akron, OH 370 $55,260
Huntington-Ashland, WV-KY-OH 240 $47,640
Canton-Massillon, OH 200 $45,730
Wheeling, WV-OH 70 $33,230
Mansfield, OH 60 $63,510
Lima, OH 60 $67,330
Weirton-Steubenville, WV-OH 40 $50,580

Top States for Loan Officers Employment

The table below shows the states where most Loan Officers work.

State Number Employed Annual Median Salary
California 37,030 $61,310
Texas 19,950 $68,710
Florida 18,000 $67,760
North Carolina 13,910 $62,360
New York 12,890 $78,520
Illinois 12,330 $66,570
Ohio 11,520 $64,770
Virginia 10,140 $63,860
Pennsylvania 10,010 $59,340
Arizona 8,970 $54,400
Georgia 7,790 $54,690
Minnesota 7,740 $72,030
Missouri 7,130 $68,010
Wisconsin 7,090 $62,850
Washington 6,940 $60,540
New Jersey 6,670 $73,180
Massachusetts 5,780 $70,090
Tennessee 5,440 $54,490
Kentucky 5,300 $60,400
Utah 5,220 $45,470

Below are the states where Loan Officers get paid the most:

State Annual Median Salary
New York $78,520
New Hampshire $76,430
Nebraska $75,800
Connecticut $74,990
District of Columbia $74,840
New Jersey $73,180
Minnesota $72,030
Kansas $71,550
Massachusetts $70,090
Texas $68,710

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References

More about our data sources and methodologies.

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