Loan Officers Salary in Michigan

Median Salary

$74,470

per year

Hourly Rate

$35.80

per hour

Employment

11,340

in Michigan

vs. National Avg

-2.9%

National: $76,690

📊 Compared to the national median of $76,690, Michigan pays 2.9% LESS for Loan Officers positions.

Purchasing Power

$80,683

cost-adjusted value

Cost of Living

92.3

8% below national avg

Rent/Income

18%

Affordable

Salary Distribution in Michigan

10th

$36,830

25th

$50,280

Median

$74,470

75th

$101,150

90th

$135,700

Data Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS).