Loan Officers Salary in Michigan
State wage data from the BLS OEWS survey, May 2025.
Median annual
$74,470
Median hourly
$36
Average annual
$83,990
Employed in state
11K
The median annual salary for Loan Officers in Michigan is $74,470, or about $36 an hour. That is 3% lower than the national median.
Pay in Michigan ranges from $36,830 at the 10th percentile to $135,700 at the 90th percentile. Roughly 11K people work as loan officers in the state.
Pay distribution in Michigan
10th$36,830
25th$50,280
Median$74,470
75th$101,150
90th$135,700
Salary calculator
- Hourly
- $35.80
- Daily
- $286
- Weekly
- $1,432
- Bi-weekly
- $2,864
- Monthly
- $6,206
- Annual
- $74,470
$74,470 a year is around the 50th percentile for Loan Officerss in Michigan. The median is $74,470.
Loan Officers pay by metro area in Michigan
| Metro area | Median annual | Employment |
|---|---|---|
| Ann Arbor, MI | $77,820 | 320 |
| Detroit-Warren-Dearborn, MI | $76,260 | 7.2K |
| Lansing-East Lansing, MI | $72,890 | 420 |
| Kalamazoo-Portage, MI | $72,330 | 140 |
| Grand Rapids-Wyoming-Kentwood, MI | $71,760 | 790 |
| Midland, MI | $66,880 | 60 |
| Flint, MI | $65,050 | 230 |
| Niles, MI | $64,250 | 130 |
| Traverse City, MI | $63,820 | 130 |
| South Bend-Mishawaka, IN-MI | $63,130 | 160 |
| Saginaw, MI | $62,740 | 140 |
| Muskegon-Norton Shores, MI | $62,190 | 60 |
| Jackson, MI | $60,540 | 110 |
| Battle Creek, MI | $59,640 | 70 |
| Monroe, MI | $56,450 | 30 |
Other jobs in Michigan
- Miscellaneous Assemblers and Fabricators$44,650
- Retail Salespersons$35,410
- Registered Nurses$97,550
- Fast Food and Counter Workers$31,200
- Home Health and Personal Care Aides$35,800
- Cashiers$32,880
- Office Clerks, General$45,010
- General and Operations Managers$105,770
- Stockers and Order Fillers$37,330
- Laborers and Freight, Stock, and Material Movers, Hand$40,240
- Customer Service Representatives$44,770
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners$36,840
- Waiters and Waitresses$35,230
- Heavy and Tractor-Trailer Truck Drivers$58,640
- Software Developers$135,980
- Nursing Assistants$42,260
- Accountants and Auditors$83,680
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products$72,080
- Elementary School Teachers, Except Special Education$63,970
- Secretaries and Administrative Assistants, Except Legal, Medical, and Executive$47,540