Loan Officers Salary in Michigan
BLS OEWS May 2025 • 20 metro areas • Michigan
Loan Officers in Michigan earn a median salary of $61,488 per year on average across 20 metro and nonmetro areas, -17.1% vs the national median of $74,180. An estimated 10,360 loan officers are employed across Michigan, with salaries ranging from $48,600 to $77,040 depending on location.
$61,488
Avg median salary in Michigan
$77,040
Highest paying metro
$48,600
Lowest paying metro
10,360
Employed in Michigan
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Loan Officers salaries by city in Michigan
| Metro area | Median salary | 25th pct | 75th pct | Employed |
|---|---|---|---|---|
| Southern Michigan | $77,040 | $51,550 | $99,860 | 200 |
| Detroit, MI | $76,710 | $49,940 | $103,830 | 6,340 |
| Grand Rapids, MI | $73,490 | $51,520 | $103,070 | 890 |
| Mid Michigan | $70,390 | $49,450 | $100,190 | 290 |
| Ann Arbor, MI | $63,470 | $44,000 | $101,540 | 340 |
| Midland, MI | $62,200 | $50,730 | $72,300 | 70 |
| Upper Peninsula of Michigan | $61,360 | $46,920 | $86,940 | 250 |
| Lansing, MI | $60,740 | $46,870 | $94,030 | 460 |
| Flint, MI | $60,620 | $45,560 | $94,290 | 290 |
| Niles, MI | $59,600 | $47,060 | $92,680 | 170 |
| Jackson, MI | $59,550 | $41,590 | $98,780 | 110 |
| Traverse City, MI | $59,510 | $46,750 | $79,790 | 140 |
| Saginaw, MI | $59,190 | $48,660 | $74,170 | 130 |
| Michigan City, IN | $58,590 | $47,590 | $85,240 | 60 |
| Northern Michigan | $58,400 | $47,500 | $81,470 | 150 |
| Kalamazoo, MI | $58,110 | $43,720 | $78,480 | 250 |
| Battle Creek, MI | $56,270 | $44,600 | $75,720 | 60 |
| Monroe, MI | $55,000 | $35,980 | $95,500 | 50 |
| Muskegon, MI | $50,920 | $39,400 | $82,560 | 80 |
| Bay City, MI | $48,600 | $40,070 | $61,360 | 30 |