SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Lansing
Lansing-East Lansing, MI · 10 metro areas compared
The median wage for Loan Officers in Lansing, MI is $72,890 per year, close to the national median of $76,690 for the same occupation.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
The median wage for Loan Officers in Lansing, MI is $72,890 per year, close to the national median of $76,690 for the same occupation. Half of workers earn between $51,560 and $100,050. Beyond that band, the tenth percentile sits at $37,680 and the ninetieth at $127,030.
The area has 420 jobs in this occupation, which works out to 1.9 of every thousand jobs. Within the state, Ann Arbor records the highest median at $77,820. Of the 457 occupations with published wages in this area, it sits 145th.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $37,680 | −50.9% |
| 25th | $51,560 | −32.8% |
| Median (50th) | $72,890 | −5.0% |
| 75th | $100,050 | +30.5% |
| 90th | $127,030 | +65.6% |
| Mean | $88,080 | +14.9% |
Other metro areas in Michigan
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Ann Arbor | $77,820 | 320 | |
| 2 | Detroit | $76,260 | 7,200 | |
| 3 | Kalamazoo | $72,330 | 140 | |
| 4 | Grand Rapids | $71,760 | 790 | |
| 5 | Midland | $66,880 | 60 | |
| 6 | Flint | $65,050 | 230 | |
| 7 | Niles | $64,250 | 130 | |
| 8 | Traverse City | $63,820 | 130 | |
| 9 | Saginaw | $62,740 | 140 | |
| 10 | Muskegon | $62,190 | 60 |
What the pay is worth locally
Prices in Lansing run 3.8% below the national average, so the median of $72,890 goes as far as $75,769 would elsewhere in the country. Measured that way it compares to the national median at 1.2% below the national median in real terms.
Published median
$72,890as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$75,769US average = 100 · BEA 2024Key takeaways
- Median pay is $72,890 a year, 5.0% below the national median.
- Published pay spans $37,680 to $127,030 between the tenth and ninetieth percentiles.
- The area has 420 jobs in this occupation.
- The highest-paying metro area covered is Ann Arbor, at $77,820.
Frequently asked questions
What is the median wage for Loan Officers in Lansing, MI?
The median annual wage is $72,890, or $35.05 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $76,690, so pay in Lansing, MI is 5.0% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Lansing, MI earns more than $127,030 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $37,680 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Ann Arbor, at $77,820 per year.
How many jobs are there in this occupation here?
The survey estimates 420 jobs in this occupation in Lansing, MI. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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