Loan Officers pay in Michigan
The employment-weighted average of local median wages for Loan Officers in Michigan is $73,971, based on 10,860 workers. Among the 8 states with published data, that ranks number 6. The BLS national median for the occupation is $76,690, so Michigan averages 3.5% below it.
Published data for Michigan currently covers the Detroit-Warren-Dearborn, MI area, with a local median wage of $76,260.
Cost of living for Loan Officers in Michigan
We compare 6 Michigan counties after federal, Social Security, Medicare and state taxes and the four basics: a one-bedroom rental, food, home energy and gasoline. Wayne County, MI leaves the largest yearly margin, $37,874. Livingston County, MI leaves the smallest, $36,386. The median wage covers all four basics in 6 of the 6 counties.
Loan Officers in other states
The states with the highest average local median wages for Loan Officers are New York ($95,206), New Jersey ($93,434), California ($83,475) and Illinois ($78,090).
Frequently asked questions: Loan Officers in Michigan
How much do Loan Officers earn in Michigan?
The employment-weighted average of local median wages is $73,971.
Which Michigan county is best for Loan Officers?
Wayne County, MI leaves the largest yearly margin after taxes and the four basics ($37,874). Oakland County, MI follows at $37,874.