Loan Officers Salary in Lansing, MI

BLS Occupational Employment & Wage Statistics • May 2025 • Lansing-East Lansing, MI

Median annual salary $60,740 -18.1% vs national
Median hourly $29.20
10th percentile $36,000
90th percentile $124,650
Employed locally 460
National median $74,180

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Loan Officers
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Lansing, MI
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    Salary percentile breakdown

    10th
    $36,000
    25th
    $46,870
    50th (median)
    $60,740
    75th
    $94,030
    90th
    $124,650

    Lansing economic context

    Unemployment rate 4.40% 2024 annual avg • BLS LAUS
    Median household income $70,886 2023 • Census ACS
    Loan Officers salary vs area income 86% Median Loan Officers salary is 14% 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 Lansing, MI

    OccupationMedian salary
    Business Operations Specialists, All Other $80,550
    Accountants and Auditors $77,600
    Human Resources Specialists $68,390
    Project Management Specialists $93,420
    Management Analysts $78,420
    Market Research Analysts and Marketing Specialists $63,500

    Frequently asked questions

    How much do Loan Officers make per hour in Lansing?

    The median hourly wage for Loan Officers in Lansing, MI is $29.20, based on BLS OEWS 2025 data. Top earners (90th percentile) make $61.07 or more per hour.

    Is Lansing above or below average for Loan Officers salaries?

    The median Loan Officers salary in Lansing, MI is 18.1% 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 Lansing?

    Entry-level Loan Officers (10th percentile) earn around $36,000 per year in Lansing, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $46,870.