Loan Officers Salary in Cleveland, OH

BLS Occupational Employment & Wage Statistics • May 2025 • Cleveland, OH

Median annual salary $76,740 +3.5% vs national
Median hourly $36.89
10th percentile $37,830
90th percentile $132,840
Employed locally 1,980
National median $74,180

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Loan Officers
in
Cleveland, OH
vs

    Salary percentile breakdown

    10th
    $37,830
    25th
    $49,450
    50th (median)
    $76,740
    75th
    $100,030
    90th
    $132,840

    Cleveland economic context

    Unemployment rate 3.80% 2024 annual avg • BLS LAUS
    Median household income $68,507 2023 • Census ACS
    Loan Officers salary vs area income 112% Median Loan Officers salary is 12% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Columbus, OH $78,350
    West Northwestern Ohio nonmetropolitan area $76,630
    Springfield, OH $72,800
    Ohio $69,220
    Johnson City, TN $68,510
    North Northeastern Ohio nonmetropolitan area (noncontiguous) $68,210

    Related occupations in Cleveland, OH

    OccupationMedian salary
    Accountants and Auditors $78,360
    Project Management Specialists $93,880
    Human Resources Specialists $64,530
    Market Research Analysts and Marketing Specialists $70,160
    Business Operations Specialists, All Other $75,770
    Management Analysts $80,220

    Frequently asked questions

    How much do Loan Officers make per hour in Cleveland?

    The median hourly wage for Loan Officers in Cleveland, OH is $36.89, based on BLS OEWS 2025 data. Top earners (90th percentile) make $68.26 or more per hour.

    Is Cleveland above or below average for Loan Officers salaries?

    The median Loan Officers salary in Cleveland, OH is 3.5% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Cleveland?

    Entry-level Loan Officers (10th percentile) earn around $37,830 per year in Cleveland, OH. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $49,450.