SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Midland
Midland, MI · 10 metro areas compared
The median wage for Loan Officers in Midland, MI is $66,880 per year, 12.8% below the national median of $76,690.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
The median wage for Loan Officers in Midland, MI is $66,880 per year, 12.8% below the national median of $76,690. Pay ranges from under $50,580 at the tenth percentile to more than $100,200 at the ninetieth, with the interquartile range running from $59,810 to $74,220.
Employment stands at 60, or 1.6 jobs per thousand held locally. Ann Arbor leads the state's metro areas for this occupation, at $77,820. Set against every other occupation measured in the same area, it ranks 62nd of 168 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $50,580 | −34.0% |
| 25th | $59,810 | −22.0% |
| Median (50th) | $66,880 | −12.8% |
| 75th | $74,220 | −3.2% |
| 90th | $100,200 | +30.7% |
| Mean | $70,850 | −7.6% |
Other metro areas in Michigan
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Ann Arbor | $77,820 | 320 | |
| 2 | Detroit | $76,260 | 7,200 | |
| 3 | Lansing | $72,890 | 420 | |
| 4 | Kalamazoo | $72,330 | 140 | |
| 5 | Grand Rapids | $71,760 | 790 | |
| 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 Midland run 3.8% below the national average, so the median of $66,880 goes as far as $69,522 would elsewhere in the country. Measured that way it compares to the national median at 9.3% below the national median in real terms.
Published median
$66,880as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$69,522US average = 100 · BEA 2024Key takeaways
- Median pay is $66,880 a year, 12.8% below the national median.
- Published pay spans $50,580 to $100,200 between the tenth and ninetieth percentiles.
- The area has 60 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 Midland, MI?
The median annual wage is $66,880, or $32.16 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 Midland, MI is 12.8% 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 Midland, MI earns more than $100,200 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $50,580 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 60 jobs in this occupation in Midland, 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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