Loan Officers Salary in Bay City, MI

BLS Occupational Employment & Wage Statistics • May 2025 • Bay City, MI

Median annual salary $48,600 -34.5% vs national
Median hourly $23.36
10th percentile $35,230
90th percentile $104,330
Employed locally 30
National median $74,180

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Loan Officers
in
Bay City, MI
vs

    Salary percentile breakdown

    10th
    $35,230
    25th
    $40,070
    50th (median)
    $48,600
    75th
    $61,360
    90th
    $104,330

    Bay City economic context

    Unemployment rate 5.60% 2024 annual avg • BLS LAUS
    Median household income $60,523 2023 • Census ACS
    Loan Officers salary vs area income 80% Median Loan Officers salary is 20% below the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Elmira, NY $106,430
    Minneapolis-St. Paul-Bloomington, MN-WI $91,900
    Minnesota $84,480
    Southeast Minnesota nonmetropolitan area $81,840
    Milwaukee-Waukesha, WI $81,680
    Wilmington, NC $81,540

    Related occupations in Bay City, MI

    OccupationMedian salary
    Accountants and Auditors$68,060
    Human Resources Specialists$60,590
    Buyers and Purchasing Agents$60,430
    Market Research Analysts and Marketing Specialists$54,670
    Business Operations Specialists, All Other$77,920
    Project Management Specialists$75,660

    Frequently asked questions

    How much do Loan Officers make per hour in Bay City?

    The median hourly wage for Loan Officers in Bay City, MI is $23.36, based on BLS OEWS 2025 data. Top earners (90th percentile) make $50.16 or more per hour.

    Is Bay City above or below average for Loan Officers salaries?

    The median Loan Officers salary in Bay City, MI is 34.5% below the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Bay City?

    Entry-level Loan Officers (10th percentile) earn around $35,230 per year in Bay City, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $40,070.