Loan Officers Salary in Detroit-Warren-Dearborn, MI
SOC 13-2072 · Metropolitan Area · 2024 BLS OEWS
The median salary for a Loan Officers in Detroit-Warren-Dearborn, MI is $76,710 per year as of 2024. That works out to roughly $36.88 per hour. This is 3% above the national median of $74,180. 6,340 people work as Loan Officers in Detroit-Warren-Dearborn, MI. Wages have grown 58% since 2014, when the median was $48,490.
Median Annual Salary
$76,710
Mean Annual
$87,930
Median Hourly
$36.88
Total Employed
6,340
Location Quotient
1.76
Concentrated here
Salary Distribution
How This Compares
Detroit-Warren-Dearborn, MI
$76,710
this metro
Michigan
$72,680
you earn +6% vs state
United States
$74,180
you earn +3% vs US
Salary Trend
View data table
| Year | Median Annual |
|---|---|
| 2024 | $76,710 |
| 2023 | $77,210 |
| 2022 | $83,510 |
| 2021 | $79,830 |
| 2020 | $76,580 |
| 2019 | $70,260 |
| 2018 | $64,990 |
| 2017 | $56,060 |
| 2016 | $44,860 |
| 2015 | $45,570 |
| 2014 | $48,490 |
Related Business and Financial Operations Occupations Jobs in Detroit-Warren-Dearborn, MI
Other occupations in the same group, sorted by salary.
| Project Management Specialists | $104,960 |
| Financial Specialists, All Other | $103,740 |
| Financial Risk Specialists | $100,950 |
| Personal Financial Advisors | $99,600 |
| Management Analysts | $98,200 |
| Financial and Investment Analysts | $98,180 |