The median annual wage for Loan Officers in Michigan is $72,680 (May 2024 BLS OES). The mean (average) is $82,830.
Pay spans roughly $34,690 at the 10th percentile to $136,390 at the 90th, so experience and specialisation move this figure a lot. At the median that is about $34.94 per hour. An estimated 10,910 people work as loan officers in Michigan.
| Median (annual) | $72,680 |
| Mean (annual) | $82,830 |
| Median (hourly) | $34.94 |
| 10th percentile | $34,690 |
| 90th percentile | $136,390 |
| Employment | 10,910 |
Updated 2026-07-23.
Source: BLS OES May 2024 — bls.gov/oes. Checked 2026-07-23.