Loan Officer Salary in Cleveland, OH
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$64,525
Hourly Rate
$31.02
/hour
Jobs in Area
284
employed
Loan Officer Salary Range in Cleveland, OH
Annual Salary Range
$43k
10th percentile
$54k
25th
$75k
75th
$97k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $43,061 | $20.70 |
| 25th Percentile | $53,565 | $25.75 |
| Median (50th Percentile) | $64,525 | $31.02 |
| 75th Percentile | $75,180 | $36.14 |
| 90th Percentile (Top Earners) | $96,615 | $46.45 |
| Average (Mean) | $69,297 | $33.32 |
Frequently Asked Questions
The average Loan Officer salary in Cleveland, OH is $64,525 per year or $31.02 per hour as of 2024. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2024. The geographic area covered is the Cleveland-Elyria Metropolitan Statistical Area.
Last updated: 1/23/2026
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How Cleveland, OH Compares
vs National Average
$69,990
vs Ohio Average
$66,105
Cost-of-Living Adjusted
$70,519
Cost of living in Cleveland, OH is 8.5% below the national average.
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