Salaries › Loan Officer › Michigan
Loan Officer Salary in Michigan (2026)
$35.80 per hour · take-home ≈ $58,055/year ($4,838/month) for a single filer
Michigan ranks 27th of 51 states for Loan Officer pay, with a median about 2% below the national average. Of the 11,340 Loan Officer jobs BLS counts in Michigan, the typical worker earns $74,470 a year — though pay ranges from $36,830 for newcomers to $135,700 at the top.
Loan Officer pay range in Michigan
| Percentile | Annual wage | Meaning |
| 10th percentile (entry) | $36,830 | Lowest-paid 10% earn less than this |
| 25th percentile | $50,280 | A quarter earn less |
| Median (50th) | $74,470 | Half earn more, half earn less |
| 75th percentile | $101,150 | Top quarter starts here |
| 90th percentile (top) | $135,700 | Highest-paid 10% earn more than this |
BLS reports 11,340 Loan Officer jobs in Michigan (occupation code 13-2072, “Loan Officers”).
Gross vs. take-home in Michigan
A median Loan Officer salary of $74,470 doesn’t all reach your bank account. After federal income tax, Social Security, and Medicare, plus Michigan state income tax, a single filer keeps about $58,055 — an effective tax rate of 22.0%.
| Gross (median) | $74,470 |
| Federal income tax | −$7,553 |
| Social Security + Medicare | −$5,697 |
| Michigan state income tax | −$3,165 |
| Take-home (annual) | $58,055 |
| Take-home (monthly) | $4,838 |
Want your exact numbers — married, 401(k), different salary? Use the free Michigan paycheck calculator on PaycheckTally.
Frequently asked questions
- How much does a Loan Officer make in Michigan?
- The median Loan Officer salary in Michigan is $74,470 per year ($35.80 per hour) according to the latest BLS data. The middle 50% earn between $50,280 and $101,150.
- What is the take-home pay for a Loan Officer in Michigan?
- On the median salary of $74,470, a single filer in Michigan takes home about $58,055 per year ($4,838 per month) after federal tax, FICA, and state income tax — an effective tax rate of 22.0%.
- How many Loan Officer jobs are there in Michigan?
- BLS counts 11,340 Loan Officer jobs in Michigan in the latest survey (May 2025).
Top-paying states for Loan Officers
Other salaries in Michigan
Sources and methodology
Wage and employment figures: BLS OEWS May 2025 (state file, released April 2026) — the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey, the most authoritative public salary dataset. Take-home estimate: 2026 federal brackets, FICA, and verified Michigan state tax rules (single filer, standard deduction, no credits or local taxes). Estimates only — not financial advice.
- BLS OEWS — official occupational wage data.
- PaycheckTally — interactive 2026 take-home calculator for Michigan.