The annual salary statistics of loan officers in Cincinnati-Middletown, Ohio is shown in Table 1. The wage statistics of loan officers in Cincinnati-Middletown 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 | $36,540 |
| 25th Percentile Wage | $48,370 |
| 50th Percentile Wage | $63,030 |
| 75th Percentile Wage | $95,400 |
| 90th Percentile Wage | $128,180 |
Table 1 shows the average annual salary for loan officers in Cincinnati-Middletown, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,180. The median (50th percentile) annual salary is $63,030. The average annual salary for the bottom 10 percent earners is $36,540.
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 | $63,030 | -0.05% | -6.81% |
| 2021 | $63,060 | 3.22% | - |
| 2020 | $61,030 | -5.96% | - |
| 2019 | $64,670 | -2.37% | - |
| 2018 | $66,200 | -4.50% | - |
| 2017 | $69,180 | -2.79% | - |
| 2016 | $71,110 | 4.26% | - |
| 2015 | $68,080 | -4.00% | - |
| 2014 | $70,800 | 6.99% | - |
| 2013 | $65,850 | -2.23% | - |
| 2012 | $67,320 | - | - |
From Table 3 we note that the median annual salary of $63,030 in Cincinnati-Middletown is in the middle of salary range for loan officers in state of Ohio. In comparison, the annual salary of loan officers in Cincinnati-Middletown is 1.9 percent (1.9%) lower than that in the highest paying Columbus and 25.3 percent (25.3%) 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 |