SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Muskegon
Muskegon-Norton Shores, MI · 10 metro areas compared
In Muskegon, MI the median wage is $62,190.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
In Muskegon, MI the median wage is $62,190. That is 18.9% lower than the national median of $76,690. The middle half of workers in this occupation earn between $48,600 and $97,290. The lowest tenth earn under $35,710, while the highest tenth earn more than $130,680.
Employment stands at 60, or 1.0 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 88th of 253 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $35,710 | −53.4% |
| 25th | $48,600 | −36.6% |
| Median (50th) | $62,190 | −18.9% |
| 75th | $97,290 | +26.9% |
| 90th | $130,680 | +70.4% |
| Mean | $75,980 | −0.9% |
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 | Midland | $66,880 | 60 | |
| 7 | Flint | $65,050 | 230 | |
| 8 | Niles | $64,250 | 130 | |
| 9 | Traverse City | $63,820 | 130 | |
| 10 | Saginaw | $62,740 | 140 |
What the pay is worth locally
Prices in Muskegon run 3.8% below the national average, so the median of $62,190 goes as far as $64,647 would elsewhere in the country. Measured that way it compares to the national median at 15.7% below the national median in real terms.
Published median
$62,190as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$64,647US average = 100 · BEA 2024Key takeaways
- Median pay is $62,190 a year, 18.9% below the national median.
- Published pay spans $35,710 to $130,680 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 Muskegon, MI?
The median annual wage is $62,190, or $29.90 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 Muskegon, MI is 18.9% 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 Muskegon, MI earns more than $130,680 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $35,710 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 Muskegon, 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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