How much does a loan officer make in Grand Rapids?
$71,760a year
Median yearly pay for loan officers in the Grand Rapids-Wyoming-Kentwood, MI metro area. That is $34.50 an hour or $5,980 a month.
- Hourly
- $34.50
- Vs. national median
- -6%
- Rank among cities
- 184 of 383
- Jobs in the area
- 790
Pay range
Lowest 10%: $40,390Median: $71,760Highest 10%: $138,100
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $40,390 | $19.42 | |
| 25th | $50,290 | $24.18 | |
| Median | $71,760 | $34.50 | |
| 75th | $99,920 | $48.04 | |
| 90th | $138,100 | $66.41 |
Other cities in Michigan
Median yearly pay for loan officers.
| Ann Arbor, MI | $77,820 |
| Detroit, MI | $76,260 |
| Lansing, MI | $72,890 |
| Kalamazoo, MI | $72,330 |
| 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 Grand Rapids
Same field, median yearly pay.
| Financial Risk Specialist | $101,100 |
| Project Management Specialist | $95,020 |
| Personal Financial Advisor | $89,410 |
| Financial and Investment Analyst | $88,210 |
| Management Analyst | $81,710 |
| Claims Adjuster | $81,420 |
| Insurance Underwriter | $79,560 |
| Business Operations Specialist | $78,100 |
| Logistician | $77,050 |
| Compensation | $76,690 |
Frequently asked questions
How much does a loan officer make an hour in Grand Rapids?
The median hourly pay in the Grand Rapids-Wyoming-Kentwood, MI metro area is $34.50 ($71,760 a year).
Do loan officers make more in Grand Rapids than the national average?
No: $71,760 against $76,690 nationally, 6% less.
How does Grand Rapids compare with the rest of Michigan?
The median in Michigan is $74,470, so Grand Rapids pays 4% less.
Where does Grand Rapids rank for loan officer pay?
184 of 383 metro areas with data.
How much does a loan officer make starting out in Grand Rapids?
The lowest-paid 10% make $40,390 or less a year; the top 10% make $138,100 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.