How much does a loan officer make in Michigan?
$74,470a year
Median yearly pay for loan officers in Michigan. That is $35.80 an hour or $6,206 a month.
- Hourly
- $35.80
- Vs. national median
- -3%
- Rank among states
- 27 of 51
- Jobs in the state
- 11,340
Pay range
Lowest 10%: $36,830Median: $74,470Highest 10%: $135,700
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $36,830 | $17.71 | |
| 25th | $50,280 | $24.17 | |
| Median | $74,470 | $35.80 | |
| 75th | $101,200 | $48.63 | |
| 90th | $135,700 | $65.24 |
Cities in Michigan
Metro areas, median yearly pay.
| Ann Arbor, MI | $77,820 |
| Detroit, MI | $76,260 |
| 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 |
| Monroe, MI | $56,450 |
Nearby in the ranking
States with similar pay for loan officers.
| 24. Rhode Island | $77,250 |
| 25. Ohio | $76,370 |
| 26. North Carolina | $75,920 |
| 27. Michigan | $74,470 |
| 28. Missouri | $73,660 |
| 29. Maryland | $73,580 |
| 30. Oklahoma | $72,990 |
Frequently asked questions
How much does a loan officer make an hour in Michigan?
The median hourly pay in Michigan is $35.80 ($74,470 a year).
Do loan officers make more in Michigan than the national average?
No: $74,470 against $76,690 nationally, 3% less.
Where does Michigan rank for loan officer pay?
Michigan ranks 27 of 51 states.
Which city in Michigan pays loan officers the most?
Ann Arbor, MI, with a median of $77,820 a year.
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.