Loan Officers Salary in Niles, MI

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

Median annual salary $59,600 -19.7% vs national
Median hourly $28.66
10th percentile $35,010
90th percentile $119,870
Employed locally 170
National median $74,180

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Loan Officers
in
Niles, MI
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    Salary percentile breakdown

    10th
    $35,010
    25th
    $47,060
    50th (median)
    $59,600
    75th
    $92,680
    90th
    $119,870

    Niles economic context

    Unemployment rate 5.00% 2024 annual avg • BLS LAUS
    Median household income $63,152 2023 • Census ACS
    Loan Officers salary vs area income 94% Median Loan Officers salary is 6% 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 Niles, MI

    OccupationMedian salary
    Accountants and Auditors $73,670
    Market Research Analysts and Marketing Specialists $72,360
    Human Resources Specialists $65,940
    Project Management Specialists $81,760
    Buyers and Purchasing Agents $71,900
    Business Operations Specialists, All Other $73,360

    Frequently asked questions

    How much do Loan Officers make per hour in Niles?

    The median hourly wage for Loan Officers in Niles, MI is $28.66, based on BLS OEWS 2025 data. Top earners (90th percentile) make $60.65 or more per hour.

    Is Niles above or below average for Loan Officers salaries?

    The median Loan Officers salary in Niles, MI is 19.7% 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 Niles?

    Entry-level Loan Officers (10th percentile) earn around $35,010 per year in Niles, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $47,060.