The annual salary statistics of loan officers in Canton-Massillon, Ohio is shown in Table 1. The wage statistics of loan officers in Canton-Massillon is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $30,750 |
| 25th Percentile Wage | $47,190 |
| 50th Percentile Wage | $55,410 |
| 75th Percentile Wage | $78,170 |
| 90th Percentile Wage | $109,140 |
Table 1 shows the average annual salary for loan officers in Canton-Massillon, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,140. The median (50th percentile) annual salary is $55,410. The average annual salary for the bottom 10 percent earners is $30,750.
The table and chart below show the trend of the median salary of loan officers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $55,410 | 10.83% | 21.98% |
| 2021 | $49,410 | 0.51% | - |
| 2020 | $49,160 | 6.00% | - |
| 2019 | $46,210 | 1.04% | - |
| 2018 | $45,730 | -7.87% | - |
| 2017 | $49,330 | 8.80% | - |
| 2016 | $44,990 | 0.36% | - |
| 2015 | $44,830 | -4.53% | - |
| 2014 | $46,860 | 11.44% | - |
| 2013 | $41,500 | -4.17% | - |
| 2012 | $43,230 | - | - |
From Table 3 we note that the median annual salary of $55,410 in Canton-Massillon is in the middle of salary range for loan officers in state of Ohio. In comparison, the annual salary of loan officers in Canton-Massillon is 13.7 percent (13.7%) lower than that in the highest paying Columbus and 15.1 percent (15.1%) higher than that in the lowest paying Sandusky.
| Cities/Areas | Median Annual Salary |
|---|---|
| Columbus | |
| Cleveland-Elyria-Mentor | |
| Akron | |
| Dayton | |
| Cincinnati-Middletown | |
| Springfield | |
| Other Ohio nonmetropolitan area | |
| West Northwestern Ohio nonmetropolitan area | |
| Eastern Ohio nonmetropolitan area | |
| Toledo | |
| Lima | |
| Canton-Massillon | |
| Mansfield | |
| Southern Ohio nonmetropolitan area | |
| Sandusky |