Loan Officer Salary in Grand Rapids, MI
Updated
The median loan officer in the Grand Rapids area earns $71,760 a year ($34.50 an hour), 6% below the U.S. median ($76,690) and 4% below the Michigan median ($74,470). Half of the 790 loan officers there earn between $50,290 and $99,920.
Median $71,760
10th: $40,39090th: $138,130
| Annual pay | Grand Rapids area | Michigan | U.S. |
|---|---|---|---|
| 10th percentile | $40,390 | $36,830 | $39,430 |
| 25th percentile | $50,290 | $50,280 | $52,730 |
| Median | $71,760 | $74,470 | $76,690 |
| 75th percentile | $99,920 | $101,150 | $104,080 |
| 90th percentile | $138,130 | $135,700 | $153,180 |
| Average | $82,320 | $83,990 | $87,790 |
| Jobs | 790 | 11,340 | 274,330 |
Grand Rapids, MI ranks 33rd 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
- Detroit, MI: $76,260
- 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 Grand Rapids, MI
- Accountant: $76,270
- Financial Analyst: $88,210
- Financial Advisor: $89,410
- Project Manager: $95,020
- Human Resources Specialist: $65,760
- Marketing Specialist: $64,880
- All jobs in Grand Rapids, 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.