Average Loan Officers Salary in Mansfield, OH
The average salary for Loan Officerss in Mansfield, OH is $73,030. While this is lower than the national average, the cost of living in Mansfield, OH may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $73,030 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,390.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Mansfield, OH economy.
Salary Overview
The average Loan Officers in Mansfield, OH earns-15.3%below the national average.
$35.1
$1,404
$6,086
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Mansfield, OH have experienced a rapid surge, growing by 22.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Mansfield, OH
The earning potential for Loan Officerss in Mansfield, OH varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $32,440, while highly experienced professionals can command wages upwards of $135,390.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,440 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,773 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,720 | $27.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,288 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,390 | $65.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$73,030
Gross Pay
Real Wage (Purchasing Power)
$73,030
Adjusted for COL (100)
In Mansfield, OH, the Cost of Living Index is 100. This increases your effective purchasing power from $73,030 to $73,030.
Job Market Context
70
Total Jobs
1.461
Per 1K Jobs
0.78
Location Quotient
Mansfield, OH has 0.78x the national average concentration of Loan Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
70 people work as Loan Officers in Mansfield, OH.
1.461 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Loan Officers Salary | $75,870↑ 4% | 29 mi |
| West Northwestern Ohio nonmetropolitan area Loan Officers Salary | $78,070↑ 7% | 29 mi |
| Eastern Ohio nonmetropolitan area Loan Officers Salary | $73,410↑ 1% | 29 mi |
| Southern Ohio nonmetropolitan area Loan Officers Salary | $69,570↓ 5% | 29 mi |
| Sandusky, OH Loan Officers Salary | $88,490↑ 21% | 48 mi |
Comparing salaries near Mansfield, OH
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Mansfield, OH?
The median annual salary for a Loan Officers in Mansfield, OH is $73,030. This typically ranges from $32,440 for entry-level positions to $135,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mansfield, OH is 15.3% lower than the national median of $86,220.
Is Mansfield, OH a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Mansfield, OH is $73,030 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Mansfield, OH. See distinct detailed breakdown below.
Is Mansfield, OH a good place to live for Loan Officers?
The Cost of Living Index in Mansfield, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mansfield, OH?
Some top paying nearby cities include North Northeastern Ohio nonmetropolitan area (noncontiguous) ($75,870) and West Northwestern Ohio nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Mansfield, OH area with a job density of 1.461 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Mansfield, OH