Loan Officer Salary in Detroit, MI
Updated
The median loan officer in the Detroit area earns $76,260 a year ($36.66 an hour), 1% below the U.S. median ($76,690) and 2% above the Michigan median ($74,470). Half of the 7,200 loan officers there earn between $50,310 and $105,620.
Median $76,260
10th: $36,52090th: $135,700
| Annual pay | Detroit area | Michigan | U.S. |
|---|---|---|---|
| 10th percentile | $36,520 | $36,830 | $39,430 |
| 25th percentile | $50,310 | $50,280 | $52,730 |
| Median | $76,260 | $74,470 | $76,690 |
| 75th percentile | $105,620 | $101,150 | $104,080 |
| 90th percentile | $135,700 | $135,700 | $153,180 |
| Average | $85,940 | $83,990 | $87,790 |
| Jobs | 7,200 | 11,340 | 274,330 |
Detroit, MI ranks 25th of the 50 largest U.S. metro areas for loan officer pay. Highest: Boston, MA ($103,400).
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Check my payLoan officer pay in other cities
- Grand Rapids, MI: $71,760
- Boston, MA: $103,400
- San Francisco, CA: $103,000
- Minneapolis, MN: $102,200
- New York, NY: $101,570
- Denver, CO: $100,130
- Washington, DC: $97,800
- Portland, OR: $96,100
- All cities
Similar jobs in Detroit, MI
- Accountant: $80,650
- Financial Analyst: $101,550
- Financial Advisor: $76,830
- Project Manager: $105,350
- Human Resources Specialist: $75,830
- Marketing Specialist: $77,100
- All jobs in Detroit, MI
Sources
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, published May 15, 2026
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, www.bls.gov/oes. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.