DOL Median (Michigan)
$37,197
vs National
-28.5%
National: $52,000BLS Median (area)
N/A
COL-Adjusted
$41,056
Purchasing power equiv.Salary Comparison
This Location (DOL)
$37,197
-28.5% vs national
National Average (DOL)
$52,000
Baseline
BLS Estimate (This Area)
N/A
No comparison
Purchasing Power Analysis
A Loan Officers in Michigan earns $37,197 in nominal terms, which is 28.5% below the national average of $52,000. After adjusting for the local cost of living (index 90.6 vs national 100), this is equivalent to $41,056 in national-average purchasing power.
Tax differences are not included. Only cost-of-living index adjustments are applied.
Top Employers in Michigan
| Employer | Median Salary | Filings |
|---|---|---|
| STERLING STATE BANK | $47,000 | 4 |
| PAC FEDERAL CREDIT UNION | $27,394 | 4 |
Explore More
Top-Paying Metros for Loan Officers
Charlotte, NC · $200,000BEVERLY HILLS, CA · $132,500New York, NE · $119,150NEW YORK CITY, NE · $114,408Milpitas, CA · $110,219Top-Paying Roles in Michigan
Cardiologists · $675,000Orthodontists · $297,149Neurologists · $255,000Arbitrators, Mediators, and Conciliators · $250,000Physicians, All Other · $242,008Frequently Asked Questions
How much does a Loan Officers make in Michigan?
The median Loan Officers salary in Michigan is $37,197 based on 2 DOL filings.
Is Michigan a good place to work as a Loan Officers?
A Loan Officers in Michigan earns 28.5% less than the national median of $52,000, or $41,056 after adjusting for the local cost of living.
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Source: US Department of Labor, Office of Foreign Labor Certification (OFLC) public disclosure files (PERM Form ETA-9089 and LCA Form ETA-9035), and US Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS). Salary figures represent employer filings and government survey estimates, not individual worker pay.