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aboutthisdata:

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

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      Location Pay
      Period      		 2023
      10% 25% Median 75% 90%
      United States Hourly $17.80 $23.62 $33.65 $48.09 $67.05
      Yearly $37,020 $49,130 $69,990 $100,020 $139,470
      Michigan Hourly $17.02 $23.42 $35.14 $49.20 $67.91
      Yearly $35,410 $48,710 $73,080 $102,340 $141,250
      Grand Rapids-Wyoming, MI Metro Area Hourly $20.48 $23.57 $38.18 $60.92 $74.97
      Yearly $42,590 $49,020 $79,410 $126,720 $155,930
      Detroit-Warren-Dearborn, MI Metro Area Hourly $17.02 $23.85 $37.12 $49.20 $79.78
      Yearly $35,400 $49,610 $77,210 $102,340 $165,950
      Balance of Lower Peninsula of Michigan Balance of State Hourly $18.43 $24.03 $37.02 $47.65 $64.40
      Yearly $38,320 $49,970 $76,990 $99,100 $133,950
      Ann Arbor, MI Metro Area Hourly $13.48 $22.90 $35.36 $50.45 $73.02
      Yearly $28,030 $47,630 $73,550 $104,940 $151,880
      Niles-Benton Harbor, MI Metro Area Hourly $11.65 $24.24 $30.67 $40.77 $60.29
      Yearly $24,230 $50,430 $63,800 $84,800 $125,410
      Midland, MI Metro Area Hourly $21.61 $23.93 $30.52 $38.10 $53.04
      Yearly $44,950 $49,770 $63,480 $79,240 $110,310
      Lansing-East Lansing, MI Metro Area Hourly $15.40 $21.76 $29.82 $43.51 $57.62
      Yearly $32,020 $45,270 $62,020 $90,500 $119,860
      Jackson, MI Metro Area Hourly $19.08 $23.30 $29.45 $39.35 $59.94
      Yearly $39,680 $48,470 $61,260 $81,850 $124,680
      South Bend-Mishawaka, IN-MI Metro Area Hourly $18.65 $23.80 $29.42 $38.95 $69.23
      Yearly $38,790 $49,490 $61,200 $81,020 $144,000
      Northwest Lower Peninsula of Michigan Balance of State Hourly $16.20 $23.44 $28.94 $45.71 $58.53
      Yearly $33,700 $48,750 $60,190 $95,080 $121,740
      Flint, MI Metro Area Hourly $10.31 $21.12 $28.80 $40.65 $57.82
      Yearly $21,440 $43,940 $59,900 $84,560 $120,270
      Upper Peninsula of Michigan Balance of State Hourly $18.43 $22.36 $28.64 $42.47 $56.53
      Yearly $38,320 $46,510 $59,560 $88,340 $117,590
      Saginaw, MI Metro Area Hourly $15.94 $19.78 $28.63 $37.11 $45.82
      Yearly $33,160 $41,140 $59,550 $77,180 $95,310
      Battle Creek, MI Metro Area Hourly $15.00 $20.94 $28.15 $35.06 $45.71
      Yearly $31,200 $43,560 $58,550 $72,920 $95,080
      Kalamazoo-Portage, MI Metro Area Hourly $18.08 $18.59 $27.64 $37.68 $55.51
      Yearly $37,600 $38,670 $57,500 $78,380 $115,460
      Muskegon, MI Metro Area Hourly $14.60 $22.35 $27.36 $39.78 $58.29
      Yearly $30,370 $46,490 $56,900 $82,740 $121,250
      Northeast Lower Peninsula of Michigan Balance of State Hourly $18.79 $22.45 $23.05 $33.22 $48.16
      Yearly $39,080 $46,700 $47,940 $69,100 $100,160
      Bay City, MI Metro Area Hourly not available not available not available not available not available
      Yearly not available not available not available not available not available
      Monroe, MI Metro Area Hourly not available not available not available not available not available
      Yearly not available not available not available not available not available