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          		 2025
          10% 25% Median 75% 90%
          United States Hourly $18.96 $25.35 $36.87 $50.04 $73.65
          Yearly $39,430 $52,730 $76,690 $104,080 $153,180
          Michigan Hourly $17.71 $24.17 $35.80 $48.63 $65.24
          Yearly $36,830 $50,280 $74,470 $101,150 $135,700
          Muskegon-Norton Shores, MI Metro Area Hourly $17.17 $23.37 $29.90 $46.77 $62.83
          Yearly $35,710 $48,600 $62,190 $97,290 $130,680
          Detroit-Warren-Dearborn, MI Metro Area Hourly $17.56 $24.19 $36.66 $50.78 $65.24
          Yearly $36,520 $50,310 $76,260 $105,620 $135,700
          Upper Peninsula of Michigan Balance of State Hourly $19.56 $23.24 $31.42 $46.47 $52.70
          Yearly $40,670 $48,350 $65,360 $96,660 $109,620
          Battle Creek, MI Metro Area Hourly $15.38 $22.53 $28.67 $36.90 $45.54
          Yearly $31,980 $46,860 $59,640 $76,750 $94,720
          Jackson, MI Metro Area Hourly $17.45 $20.53 $29.10 $46.58 $51.30
          Yearly $36,290 $42,690 $60,540 $96,880 $106,700
          Southern Michigan Balance of State Hourly $23.49 $29.79 $35.02 $48.79 $62.20
          Yearly $48,860 $61,970 $72,850 $101,470 $129,370
          Grand Rapids-Wyoming-Kentwood, MI Metro Area Hourly $19.42 $24.18 $34.50 $48.04 $66.41
          Yearly $40,390 $50,290 $71,760 $99,920 $138,130
          Saginaw, MI Metro Area Hourly $17.62 $24.14 $30.16 $37.87 $51.20
          Yearly $36,640 $50,200 $62,740 $78,780 $106,500
          Traverse City, MI Metro Area Hourly $19.74 $24.79 $30.68 $44.57 $56.92
          Yearly $41,050 $51,560 $63,820 $92,700 $118,390
          Lansing-East Lansing, MI Metro Area Hourly $18.12 $24.79 $35.05 $48.10 $61.07
          Yearly $37,680 $51,560 $72,890 $100,050 $127,030
          Ann Arbor, MI Metro Area Hourly $17.21 $24.23 $37.41 $48.10 $63.10
          Yearly $35,790 $50,400 $77,820 $100,040 $131,250
          Northern Michigan Balance of State Hourly $22.85 $24.60 $33.26 $53.52 $79.73
          Yearly $47,530 $51,180 $69,180 $111,320 $165,840
          Niles, MI Metro Area Hourly $17.21 $23.83 $30.89 $45.86 $60.65
          Yearly $35,800 $49,560 $64,250 $95,380 $126,160
          Flint, MI Metro Area Hourly $12.75 $23.95 $31.28 $44.01 $59.51
          Yearly $26,510 $49,810 $65,050 $91,530 $123,780
          Mid Michigan Balance of State Hourly $22.78 $27.81 $35.64 $48.43 $61.59
          Yearly $47,370 $57,830 $74,130 $100,730 $128,100
          Monroe, MI Metro Area Hourly $12.83 $18.90 $27.14 $46.37 $64.00
          Yearly $26,690 $39,300 $56,450 $96,450 $133,120
          Midland, MI Metro Area Hourly $24.32 $28.75 $32.16 $35.68 $48.17
          Yearly $50,580 $59,810 $66,880 $74,220 $100,200
          Kalamazoo-Portage, MI Metro Area Hourly $17.94 $27.02 $34.77 $46.76 $83.61
          Yearly $37,300 $56,200 $72,330 $97,260 $173,900
          South Bend-Mishawaka, IN-MI Metro Area Hourly $22.74 $25.20 $30.35 $38.75 $47.95
          Yearly $47,300 $52,420 $63,130 $80,590 $99,740
          Bay City, MI Metro Area Hourly N/A N/A N/A N/A N/A
          Yearly N/A N/A N/A N/A N/A