Loan Officer salary in Toledo, OH
Loan Officers in the Toledo, OH metro area earn a median of $74,400 a year ($35.77 an hour), based on BLS data for 320 workers.
Pay ranges from $32,680 for the lowest-paid 10% to $106,820 for the top 10%. That is 3% lower than the national median of $76,690. Pay here is 3% lower than the Ohio statewide median of $76,370. There are 1.1 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.62). The average (mean) salary is $74,080, close to the median.
Pay range for loan officers in Toledo, OH
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $32,680 | $15.71 |
| 25th percentile | $43,810 | $21.06 |
| Median | $74,400 | $35.77 |
| 75th percentile | $96,680 | $46.48 |
| 90th percentile (top earners) | $106,820 | $51.36 |
| Average (mean) | $74,080 | $35.62 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,200 |
| Semi-monthly (24 a year) | $3,100 |
| Biweekly (26 a year) | $2,861.54 |
| Weekly | $1,430.77 |
| Hourly | $35.77 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $74,400 salary, see how much house you can afford in Ohio at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Columbus, OH | $82,160 | 2,410 |
| Cleveland, OH | $77,730 | 1,920 |
| Cincinnati, OH-KY-IN | $75,300 | 2,060 |
| Sandusky, OH | $74,960 | 60 |
| Akron, OH | $72,080 | 270 |
| Dayton-Kettering-Beavercreek, OH | $66,070 | 440 |
| Springfield, OH | $62,860 | 30 |
| Lima, OH | $62,430 | 70 |
| Mansfield, OH | $60,750 | 50 |
| Youngstown-Warren, OH | $60,530 | 100 |
| Wheeling, WV-OH | $59,060 | 110 |
| Canton-Massillon, OH | $57,720 | 240 |
| Huntington-Ashland, WV-KY-OH | $57,000 | 210 |
| Weirton-Steubenville, WV-OH | $52,380 | 50 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Ohio statewide figures.
Related jobs in Toledo, OH
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,400 | $37.21 |
| Personal Financial Advisor | $82,890 | $39.85 |
| Financial and Investment Analysts | $96,640 | $46.46 |
| Financial Specialists, All Other | $79,390 | $38.17 |
| Insurance Underwriter | $59,710 | $28.71 |
| Property Appraisers and Assessors | $62,370 | $29.99 |
| Budget Analyst | $82,990 | $39.90 |
| Credit Counselor | $47,450 | $22.81 |
| Financial Risk Specialist | $82,930 | $39.87 |
| Human Resources Specialist | $67,200 | $32.31 |
| Project Management Specialist | $81,940 | $39.39 |
| Market Research Analysts and Marketing Specialists | $62,950 | $30.27 |
| Business Operations Specialists, All Other | $74,520 | $35.83 |
| Buyers and Purchasing Agents | $68,850 | $33.10 |
More: Business and Financial Operations Occupations · all salaries in Toledo, OH
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Toledo, OH?
The median salary for loan officers in the Toledo, OH metro area is $74,400 a year, or $35.77 an hour. Pay ranges from $32,680 for the lowest-paid 10% to $106,820 for the top 10%.
How much do the highest-paid loan officers make in Toledo, OH?
The top 10% of loan officers in the Toledo, OH metro area earn at least $106,820 a year. The top 25% earn $96,680 or more.
What is the starting pay for loan officers in Toledo, OH?
Entry-level pay (the 10th percentile) is about $32,680 a year, and a quarter of loan officers earn $43,810 or less.
How many loan officers work in Toledo, OH?
About 320 loan officers are employed in the Toledo, OH metro area, not counting the self-employed.