SalaryByCity

Loan Officers Salary in Cleveland, OH

2024 wage data from the Bureau of Labor Statistics

Median Salary
$65,720
Average Salary
$80,610
vs National
$-8,460
Employed
2,190

Salary Overview

Loan Officers is a moderate occupation in Cleveland, OH, with a median annual salary of $65,720. Loan Officerss in Cleveland, OH earn $8,460 less (11%) than the national median of $74,180. There is significant earning potential — top earners make 3.

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Loan Officerss in Cleveland, OH earn $8,460 less (11%) than the national median of $74,180.

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The average salary ($80,610) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.

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About 2,190 Loan Officerss work in Cleveland, OH, indicating a healthy local job market.

Cost of Living Consideration

When evaluating this salary, factor in Cleveland, OH's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.

Salary Distribution

$38,560$129,890
10th %ileMedian: $65,72090th %ile
PercentileAnnual SalaryMonthly
10th Percentile$38,560$3,213
25th Percentile$50,880$4,240
Median$65,720$5,477
75th Percentile$99,540$8,295
90th Percentile$129,890$10,824
Mean (Average)$80,610$6,718

Loan Officers Salary in Other Cities

Metro AreaMedian Salary
New York-Newark-Jersey City, NY-NJ-PA$102,540
Boston-Cambridge-Nashua, MA-NH$94,850
Washington-Arlington-Alexandria, DC-VA-MD-WV$94,840
San Francisco-Oakland-Berkeley, CA$94,110
Minneapolis-St. Paul-Bloomington, MN-WI$91,900
San Jose-Sunnyvale-Santa Clara, CA$81,990
Denver-Aurora-Lakewood, CO$81,200
Charlotte-Concord-Gastonia, NC-SC$81,160
Los Angeles-Long Beach-Anaheim, CA$80,340
Kansas City, MO-KS$79,690

Highest Paying Jobs in Cleveland, OH

OccupationMedian Salary
Family Medicine Physicians$235,230
Architectural and Engineering Managers$166,030
Natural Sciences Managers$164,270
Financial Managers$140,750
Marketing Managers$139,920
Managers, All Other$133,760
Database Administrators$130,400
Nurse Practitioners$130,100
Computer Network Architects$128,910
Compensation and Benefits Managers$128,300

Explore More About This Area

Cost of Living in Cleveland, OHCity Guide: Cleveland, OH

Frequently Asked Questions

What is the average Loan Officers salary in Cleveland, OH?
The median annual salary for a Loan Officers in Cleveland, OH is $65,720 as of 2024. The average (mean) salary is $80,610.
What is the salary range for Loan Officers in Cleveland, OH?
Loan Officers salaries in Cleveland, OH range from $38,560 (10th percentile) to $129,890 (90th percentile). The middle 50% earn between $50,880 and $99,540.
How many Loan Officers work in Cleveland, OH?
There are approximately 2,190 Loan Officers employed in the Cleveland, OH metropolitan area.
Is Loan Officers a good career in Cleveland, OH?
Loan Officers is a moderate occupation in Cleveland, OH, with a median annual salary of $65,720. Loan Officerss in Cleveland, OH earn $8,460 less (11%) than the national median of $74,180. There is significant earning potential — top earners make 3.
What is the earning potential for Loan Officerss?
There is significant earning potential — top earners make 3.4x more than entry-level. Experience, specialization, and certifications can dramatically increase your pay.
Is the Loan Officers salary enough to live in Cleveland, OH?
When evaluating this salary, factor in Cleveland, OH's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.