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Updated October 03, 2023

Loan Officers Salaries

Canton-Massillon, Ohio, US

Average Base Pay

$45,730/yr

21.99% above national average

Additional Cash Compensation

Average: $45,730


Range: $32,540-$80,340

 

How much does a Loan Officers role make in Canton-Massillon, Ohio, US?

Career Ladder Pay for Loan Officers Roles

A person in an entry-level Loan Officers role with under one year of job experience can expect to make an average annual salary of $32,540. A Loan Officers candidate with 1-4 years of experience makes an average total salary of $36,850. A person in a mid-career Loan Officers role with 5-9 years of experience makes an average salary of $45,730 a year. Loan Officers with 10 or more years of experience make an average of $60,600. In their late career (over 20 years of experience), a person in a Loan Officers role’s annual salary averages $80,340 per year.

What is the average Loan Officers salary in Canton-Massillon, Ohio, US?

Average base salary, as of 2023 : $45,730

Salary Breakdown

  Average base salary (percentile)
 25th50th75th
Annual salary$11,433$22,865$34,298
Monthly salary$953$1,905$2,858
Weekly salary$238$476$715
Hourly salary$34$68$102

Where can a Loan Officers role earn more money?

VS

FREQUENTLY ASKED SALARY QUESTIONS

Will extra certification for Loan Officers roles boost salary?

While certifications are not required for every Loan Officers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Loan Officers position in high demand?

The current Bureau of Labor Statistics states the salary is $45,730 higher than the national average for Loan Officers positions.

Is there advancement potential for a Loan Officers role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Loan Officers roles that can advance both internally and with another company.

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