Loan Officers Salary in Northern Michigan

BLS Occupational Employment & Wage Statistics • May 2025 • Northern Michigan nonmetropolitan area

Median annual salary $58,400 -21.3% vs national
Median hourly $28.08
10th percentile $43,020
90th percentile $121,540
Employed locally 150
National median $74,180

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Loan Officers
in
Northern Michigan
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    Salary percentile breakdown

    10th
    $43,020
    25th
    $47,500
    50th (median)
    $58,400
    75th
    $81,470
    90th
    $121,540

    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

    Related occupations in Northern Michigan

    OccupationMedian salary
    Accountants and Auditors $65,700
    Human Resources Specialists $58,310
    Buyers and Purchasing Agents $60,770
    Market Research Analysts and Marketing Specialists $54,340
    Business Operations Specialists, All Other $77,920
    Project Management Specialists $78,400

    Frequently asked questions

    How much do Loan Officers make per hour in Northern Michigan?

    The median hourly wage for Loan Officers in Northern Michigan is $28.08, based on BLS OEWS 2025 data. Top earners (90th percentile) make $79.73 or more per hour.

    Is Northern Michigan above or below average for Loan Officers salaries?

    The median Loan Officers salary in Northern Michigan is 21.3% 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 Northern Michigan?

    Entry-level Loan Officers (10th percentile) earn around $43,020 per year in Northern Michigan. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $47,500.