Loan Officers Salary in Southern Michigan

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

Median annual salary $77,040 +3.9% vs national
Median hourly $37.04
10th percentile $45,190
90th percentile $122,710
Employed locally 200
National median $74,180

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Loan Officers
in
Southern Michigan
vs

    Salary percentile breakdown

    10th
    $45,190
    25th
    $51,550
    50th (median)
    $77,040
    75th
    $99,860
    90th
    $122,710

    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 Southern Michigan

    OccupationMedian salary
    Accountants and Auditors $73,160
    Buyers and Purchasing Agents $67,970
    Human Resources Specialists $64,170
    Market Research Analysts and Marketing Specialists $60,410
    Project Management Specialists $88,250
    Business Operations Specialists, All Other $65,990

    Frequently asked questions

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

    The median hourly wage for Loan Officers in Southern Michigan is $37.04, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.20 or more per hour.

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

    The median Loan Officers salary in Southern Michigan is 3.9% above 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 Southern Michigan?

    Entry-level Loan Officers (10th percentile) earn around $45,190 per year in Southern Michigan. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $51,550.