Loan Officers Salary in Michigan
SOC 13-2072 · State · 2024 BLS OEWS
The median salary for a Loan Officers in Michigan is $72,680 per year as of 2024. That works out to roughly $34.94 per hour. This is 2% below the national median of $74,180. 10,910 people work as Loan Officers in Michigan. Wages have grown 41% since 2014, when the median was $51,490.
Median Annual Salary
$72,680
Mean Annual
$82,830
Median Hourly
$34.94
Total Employed
10,910
Location Quotient
1.32
Concentrated here
Salary Distribution
$35k
10th
$50k
25th
$73k
Median
$103k
75th
$136k
90th
How This Compares
Michigan
$72,680
this metro
United States
$74,180
you earn -2% vs US
Salary Trend
View data table
| Year | Median Annual |
|---|---|
| 2024 | $72,680 |
| 2023 | $73,080 |
| 2022 | $79,000 |
| 2021 | $76,840 |
| 2020 | $69,380 |
| 2019 | $64,510 |
| 2015 | $49,520 |
| 2014 | $51,490 |
Related Business and Financial Operations Occupations Jobs in Michigan
Other occupations in the same group, sorted by salary.
| Financial Risk Specialists | $100,430 |
| Project Management Specialists | $99,790 |
| Personal Financial Advisors | $98,830 |
| Budget Analysts | $91,830 |
| Management Analysts | $90,620 |
| Financial and Investment Analysts | $90,400 |