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Wage information comes from the Bureau of Labor Statistics, Occupational Employment Statistics Program. The OES is a semi-annual survey that provides wage and employment statistics for the nation, each state, and sub-state regions.

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      Wages for Loan Officers in MICHIGAN

      View National Data

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      Location Pay
      Period      		 2024
      10% 25% Median 75% 90%
      United States Hourly $18.51 $24.26 $35.66 $49.00 $70.09
      Yearly $38,490 $50,460 $74,180 $101,920 $145,780
      Michigan Hourly $16.68 $23.82 $34.94 $49.61 $65.57
      Yearly $34,690 $49,540 $72,680 $103,180 $136,390
      Southern Michigan Balance of State Hourly $21.72 $24.78 $37.04 $48.01 $59.00
      Yearly $45,190 $51,550 $77,040 $99,860 $122,710
      Detroit-Warren-Dearborn, MI Metro Area Hourly $14.11 $24.01 $36.88 $49.92 $67.13
      Yearly $29,340 $49,940 $76,710 $103,830 $139,630
      Grand Rapids-Wyoming-Kentwood, MI Metro Area Hourly $19.19 $24.77 $35.33 $49.55 $74.68
      Yearly $39,900 $51,520 $73,490 $103,070 $155,340
      Mid Michigan Balance of State Hourly $17.47 $23.77 $33.84 $48.17 $63.51
      Yearly $36,350 $49,450 $70,390 $100,190 $132,110
      Ann Arbor, MI Metro Area Hourly $13.06 $21.15 $30.51 $48.82 $63.94
      Yearly $27,160 $44,000 $63,470 $101,540 $132,990
      Midland, MI Metro Area Hourly $22.01 $24.39 $29.91 $34.76 $49.44
      Yearly $45,780 $50,730 $62,200 $72,300 $102,830
      Upper Peninsula of Michigan Balance of State Hourly $19.22 $22.56 $29.50 $41.80 $53.99
      Yearly $39,990 $46,920 $61,360 $86,940 $112,310
      South Bend-Mishawaka, IN-MI Metro Area Hourly $18.00 $24.14 $29.40 $37.84 $49.60
      Yearly $37,440 $50,210 $61,140 $78,700 $103,160
      Lansing-East Lansing, MI Metro Area Hourly $17.31 $22.53 $29.20 $45.21 $59.93
      Yearly $36,000 $46,870 $60,740 $94,030 $124,650
      Flint, MI Metro Area Hourly $14.30 $21.90 $29.14 $45.33 $59.93
      Yearly $29,740 $45,560 $60,620 $94,290 $124,650
      Niles, MI Metro Area Hourly $16.83 $22.63 $28.66 $44.56 $57.63
      Yearly $35,010 $47,060 $59,600 $92,680 $119,870
      Jackson, MI Metro Area Hourly $17.00 $20.00 $28.63 $47.49 $57.76
      Yearly $35,350 $41,590 $59,550 $98,780 $120,150
      Traverse City, MI Metro Area Hourly $15.59 $22.48 $28.61 $38.36 $52.95
      Yearly $32,430 $46,750 $59,510 $79,790 $110,140
      Saginaw, MI Metro Area Hourly $16.82 $23.39 $28.46 $35.66 $47.43
      Yearly $34,980 $48,660 $59,190 $74,170 $98,650
      Northern Michigan Balance of State Hourly $20.68 $22.84 $28.08 $39.17 $58.43
      Yearly $43,020 $47,500 $58,400 $81,470 $121,540
      Kalamazoo-Portage, MI Metro Area Hourly $17.51 $21.02 $27.94 $37.73 $50.34
      Yearly $36,410 $43,720 $58,110 $78,480 $104,710
      Battle Creek, MI Metro Area Hourly $15.00 $21.44 $27.05 $36.40 $47.52
      Yearly $31,200 $44,600 $56,270 $75,720 $98,840
      Monroe, MI Metro Area Hourly $12.50 $17.30 $26.44 $45.91 $49.27
      Yearly $26,000 $35,980 $55,000 $95,500 $102,480
      Muskegon-Norton Shores, MI Metro Area Hourly $16.53 $18.94 $24.48 $39.69 $62.21
      Yearly $34,380 $39,400 $50,920 $82,560 $129,390
      Bay City, MI Metro Area Hourly $16.94 $19.26 $23.36 $29.50 $50.16
      Yearly $35,230 $40,070 $48,600 $61,360 $104,330