How much does a loan officer make in Traverse City?
$63,820a year
Median yearly pay for loan officers in the Traverse City, MI metro area. That is $30.68 an hour or $5,318 a month.
- Hourly
- $30.68
- Vs. national median
- -17%
- Rank among cities
- 249 of 383
- Jobs in the area
- 130
Pay range
Lowest 10%: $41,050Median: $63,820Highest 10%: $118,400
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $41,050 | $19.74 | |
| 25th | $51,560 | $24.79 | |
| Median | $63,820 | $30.68 | |
| 75th | $92,700 | $44.57 | |
| 90th | $118,400 | $56.92 |
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 |
| Grand Rapids, MI | $71,760 |
| Midland, MI | $66,880 |
| Flint, MI | $65,050 |
| Niles, MI | $64,250 |
| 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 Traverse City
Same field, median yearly pay.
| Management Analyst | $94,690 |
| Personal Financial Advisor | $88,100 |
| Project Management Specialist | $83,720 |
| Financial and Investment Analyst | $80,100 |
| Business Operations Specialist | $78,520 |
| Claims Adjuster | $76,540 |
| Accountant and Auditor | $74,820 |
| Insurance Underwriter | $69,500 |
| Human Resources Specialist | $64,480 |
| Fundraiser | $63,400 |
Frequently asked questions
How much does a loan officer make an hour in Traverse City?
The median hourly pay in the Traverse City, MI metro area is $30.68 ($63,820 a year).
Do loan officers make more in Traverse City than the national average?
No: $63,820 against $76,690 nationally, 17% less.
How does Traverse City compare with the rest of Michigan?
The median in Michigan is $74,470, so Traverse City pays 14% less.
Where does Traverse City rank for loan officer pay?
249 of 383 metro areas with data.
How much does a loan officer make starting out in Traverse City?
The lowest-paid 10% make $41,050 or less a year; the top 10% make $118,400 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.