Loan Officer Salary
in Cleveland, OH
Evaluate and approve loan applications for individuals and businesses. Median salary in Cleveland: $69K/year. Data from BLS, O*NET, and H-1B disclosures.
Salary range in Cleveland
Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Cleveland, Ohio.
Key facts for Cleveland
Salary forecast: Cleveland Loan Officer to 2030
Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $69K by 2030.
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Loan Officer Salary in Cleveland, Ohio: Complete Guide (2026)
The median Loan Officer salary in Cleveland, OH is $69,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Cleveland–OH metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.
Salary range for Loan Officer in Cleveland
Entry-level Loan Officers in Cleveland with 0–2 years of experience typically earn between $48,000 and $69,000 annually. Mid-career professionals with 3–7 years command $69,000 to $99,000, while senior-level practitioners with 8+ years of experience regularly earn $99,000 to $143,000 or more.
Cost of living in Cleveland for Loan Officers
Cleveland has a cost of living index of 82 compared to the US national average of 100. This means your salary goes approximately 18% further in Cleveland than the national average. Ohio has a 3.99% state income tax rate.
Education requirements for Loan Officer
Bachelor's in Finance; NMLS license for mortgage. 35% of these roles offer some remote flexibility.