Loan Officers Salary in Muskegon, MI

BLS Occupational Employment & Wage Statistics • May 2025 • Muskegon-Norton Shores, MI

Median annual salary $50,920 -31.4% vs national
Median hourly $24.48
10th percentile $34,380
90th percentile $129,390
Employed locally 80
National median $74,180

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Loan Officers
in
Muskegon, MI
vs

    Salary percentile breakdown

    10th
    $34,380
    25th
    $39,400
    50th (median)
    $50,920
    75th
    $82,560
    90th
    $129,390

    Muskegon economic context

    Unemployment rate 5.10% 2024 annual avg • BLS LAUS
    Median household income $63,495 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 Muskegon, MI

    OccupationMedian salary
    Accountants and Auditors $74,250
    Human Resources Specialists $62,250
    Buyers and Purchasing Agents $62,790
    Project Management Specialists $80,950
    Market Research Analysts and Marketing Specialists $55,220
    Business Operations Specialists, All Other $67,670

    Frequently asked questions

    How much do Loan Officers make per hour in Muskegon?

    The median hourly wage for Loan Officers in Muskegon, MI is $24.48, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.83 or more per hour.

    Is Muskegon above or below average for Loan Officers salaries?

    The median Loan Officers salary in Muskegon, MI is 31.4% 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 Muskegon?

    Entry-level Loan Officers (10th percentile) earn around $34,380 per year in Muskegon, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $39,400.