Loan Officers Salary in Saginaw, MI

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

Median annual salary $59,190 -20.2% vs national
Median hourly $28.46
10th percentile $34,980
90th percentile $98,650
Employed locally 130
National median $74,180

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Loan Officers
in
Saginaw, MI
vs

    Salary percentile breakdown

    10th
    $34,980
    25th
    $48,660
    50th (median)
    $59,190
    75th
    $74,170
    90th
    $98,650

    Saginaw economic context

    Unemployment rate 5.90% 2024 annual avg • BLS LAUS
    Median household income $58,347 2023 • Census ACS
    Loan Officers salary vs area income 101% Median Loan Officers salary is 1% above 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 Saginaw, MI

    OccupationMedian salary
    Accountants and Auditors $70,400
    Business Operations Specialists, All Other $59,950
    Human Resources Specialists $61,060
    Market Research Analysts and Marketing Specialists $53,470
    Project Management Specialists $93,720
    Buyers and Purchasing Agents $67,970

    Frequently asked questions

    How much do Loan Officers make per hour in Saginaw?

    The median hourly wage for Loan Officers in Saginaw, MI is $28.46, based on BLS OEWS 2025 data. Top earners (90th percentile) make $51.20 or more per hour.

    Is Saginaw above or below average for Loan Officers salaries?

    The median Loan Officers salary in Saginaw, MI is 20.2% 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 Saginaw?

    Entry-level Loan Officers (10th percentile) earn around $34,980 per year in Saginaw, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $48,660.