How much does a loan officer make in Detroit?
$76,260a year
Median yearly pay for loan officers in the Detroit-Warren-Dearborn, MI metro area. That is $36.66 an hour or $6,355 a month.
- Hourly
- $36.66
- Vs. national median
- -1%
- Rank among cities
- 134 of 383
- Jobs in the area
- 7,200
Pay range
Lowest 10%: $36,520Median: $76,260Highest 10%: $135,700
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $36,520 | $17.56 | |
| 25th | $50,310 | $24.19 | |
| Median | $76,260 | $36.66 | |
| 75th | $105,600 | $50.78 | |
| 90th | $135,700 | $65.24 |
Other cities in Michigan
Median yearly pay for loan officers.
| Ann Arbor, MI | $77,820 |
| Lansing, MI | $72,890 |
| Kalamazoo, MI | $72,330 |
| Grand Rapids, MI | $71,760 |
| Midland, MI | $66,880 |
| Flint, MI | $65,050 |
| Niles, MI | $64,250 |
| Traverse City, MI | $63,820 |
| South Bend, IN | $63,130 |
| Saginaw, MI | $62,740 |
| Muskegon, MI | $62,190 |
| Jackson, MI | $60,540 |
| Battle Creek, MI | $59,640 |
Related jobs in Detroit
Same field, median yearly pay.
| Project Management Specialist | $105,400 |
| Financial Risk Specialist | $105,100 |
| Budget Analyst | $102,100 |
| Financial and Investment Analyst | $101,600 |
| Management Analyst | $100,600 |
| Logistician | $93,130 |
| Business Operations Specialist | $84,970 |
| Compensation | $83,170 |
| Tax Examiner and Collector | $81,540 |
| Compliance Officer | $81,250 |
Frequently asked questions
How much does a loan officer make an hour in Detroit?
The median hourly pay in the Detroit-Warren-Dearborn, MI metro area is $36.66 ($76,260 a year).
Do loan officers make more in Detroit than the national average?
No: $76,260 against $76,690 nationally, 1% less.
How does Detroit compare with the rest of Michigan?
The median in Michigan is $74,470, so Detroit pays 2% more.
Where does Detroit rank for loan officer pay?
134 of 383 metro areas with data.
How much does a loan officer make starting out in Detroit?
The lowest-paid 10% make $36,520 or less a year; the top 10% make $135,700 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.