Loan Officers pay in Detroit-Warren-Dearborn
$85,940avg. a year
$41.32 an hour · 7,200 employed
Loan Officers in the Detroit-Warren-Dearborn, MI metro area earn an average of $85,940 a year. That is $1,950 (2%) more than the Michigan average of $83,990. The U.S. average is $87,790.
$76,260Median pay
$41.32Average hourly
+2%vs. Michigan average
7,200Jobs in this metro
Other Michigan metro areas
Average pay for loan officers in other Michigan metro areas. Swipe to see all 14.
1140 jobs
Kalamazoo-Portage, MI
$89,060
$42.82 an hour
2420 jobs
Lansing-East Lansing, MI
$88,080
$42.35 an hour
3790 jobs
Grand Rapids-Wyoming-Kentwood, MI
$82,320
$39.58 an hour
4320 jobs
Ann Arbor, MI
$81,990
$39.42 an hour
560 jobs
Muskegon-Norton Shores, MI
$75,980
$36.53 an hour
6130 jobs
Niles, MI
$75,470
$36.29 an hour
7130 jobs
Traverse City, MI
$74,970
$36.04 an hour
8110 jobs
Jackson, MI
$74,700
$35.91 an hour
9230 jobs
Flint, MI
$73,450
$35.31 an hour
1030 jobs
Monroe, MI
$71,060
$34.16 an hour
11140 jobs
Saginaw, MI
$70,860
$34.07 an hour
1260 jobs
Midland, MI
$70,850
$34.06 an hour
13160 jobs
South Bend-Mishawaka, IN-MI
$70,260
$33.78 an hour
1470 jobs
Battle Creek, MI
$62,190
$29.90 an hour
Why people trust JobPayFacts
Official government dataEvery number comes from the U.S. Bureau of Labor Statistics wage survey of employers, not self-reported salaries.
Every state and city830 jobs across all 50 states, D.C. and 199 large metro areas.
Updated every yearNew figures each spring when BLS releases them. This site uses May 2025 data.
How Detroit-Warren-Dearborn compares
Pay range: metro vs. state vs. U.S.
Annual wage percentiles, May 2025
This metroMichiganU.S.
Michigan metro areas
Average pay, May 2025 · this metro highlighted
Related jobs in Detroit-Warren-Dearborn
| Job | Avg. pay in this metro |
|---|---|
| Accountants and Auditors | $91,310 |
| Financial and Investment Analysts | $106,690 |
| Personal Financial Advisors | $124,230 |
| Financial Specialists, All Other | $87,310 |
| Insurance Underwriters | $85,720 |
| Tax Preparers | $55,770 |
Questions and answers
How much do loan officers make in Detroit-Warren-Dearborn?
The average is $85,940 a year, and the median is $76,260. About 7,200 people work in this job in the metro area.
Is that more than the Michigan average?
That is $1,950 (2%) more than the Michigan average of $83,990.
Is this job common in Detroit-Warren-Dearborn?
It makes up 3.8 of every 1,000 jobs in the metro area, 2.14 times the national share.
Sources and notes. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025, occupation code 13-2072. Metro area: Detroit-Warren-Dearborn, MI metropolitan statistical area (BLS area code 19820). Wages are gross pay before taxes and don't include overtime premiums, tips, bonuses or benefits; self-employed workers aren't included. How we use the data. JobPayFacts isn't affiliated with BLS.