Loan Officer Salary in Michigan
Based on 11K+ workers in Michigan
Data year: 2024 · Last updated: May 2026
Median Annual Salary (MI)
$72,680
$34.942/hr
vs National Average
$73,485
-1.1% vs national median
Salary Range (10th–90th)
$35K – $136K
11K employed in Michigan
Salary Distribution — Loan Officer in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $34,690 |
| 25th percentile | $49,540 |
| Median (50th percentile) | $72,680 |
| 75th percentile | $103,180 |
| 90th percentile | $136,390 |
Historical Salary Trend — Loan Officer in Michigan vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $79,000 |
| 2023 | $73,080 |
| 2024 | $72,680 |
| Year | Michigan Median | National Median |
|---|---|---|
| 2022 | $79,000 | $68,453 |
| 2023 | $73,080 | $70,692 |
| 2024 | $72,680 | $73,485 |