Loan Officers Salary in Monroe, MI

BLS Occupational Employment & Wage Statistics • May 2025 • Monroe, MI

Median annual salary $55,000 -25.9% vs national
Median hourly $26.44
10th percentile $26,000
90th percentile $102,480
Employed locally 50
National median $74,180

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Loan Officers
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Monroe, MI
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    Salary percentile breakdown

    10th
    $26,000
    25th
    $35,980
    50th (median)
    $55,000
    75th
    $95,500
    90th
    $102,480

    Monroe economic context

    Unemployment rate 5.30% 2024 annual avg • BLS LAUS
    Median household income $75,272 2023 • Census ACS
    Loan Officers salary vs area income 73% Median Loan Officers salary is 27% 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 Monroe, MI

    OccupationMedian salary
    Accountants and Auditors$73,590
    Human Resources Specialists$72,250
    Market Research Analysts and Marketing Specialists$70,440
    Buyers and Purchasing Agents$70,450
    Project Management Specialists$97,530
    Business Operations Specialists, All Other$80,070

    Frequently asked questions

    How much do Loan Officers make per hour in Monroe?

    The median hourly wage for Loan Officers in Monroe, MI is $26.44, based on BLS OEWS 2025 data. Top earners (90th percentile) make $64.00 or more per hour.

    Is Monroe above or below average for Loan Officers salaries?

    The median Loan Officers salary in Monroe, MI is 25.9% 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 Monroe?

    Entry-level Loan Officers (10th percentile) earn around $26,000 per year in Monroe, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $35,980.