Loan Officers Salary in Detroit, MI (2026)
Source: BLS OEWS · Detroit-Warren-Dearborn, MI · 6,340 employed
The average Loan Officers salary in Detroit, MI is $87,930 per year. The middle 50% of Loan Officerss earn between $49,940 and $103,830. Top earners in the 90th percentile make $139,630 or more. Entry-level positions typically start around $29,340. The median of $76,710 is above the mean, reflecting the wage distribution in this field.
Loan Officers Salary Breakdown in Detroit, MI
| Percentile | Annual Salary |
|---|---|
| 10th Percentile (Entry-level) | $29,340 |
| 25th Percentile | $49,940 |
| Median (50th Percentile) | $76,710 |
| Mean (Average) | $87,930 |
| 75th Percentile | $103,830 |
| 90th Percentile (Top earners) | $139,630 |
Related Jobs in Detroit, MI
| Occupation | Mean Annual |
|---|---|
| Personal Financial Advisors | $152,030 |
| Financial Risk Specialists | $108,120 |
| Project Management Specialists | $107,380 |
| Financial and Investment Analysts | $106,490 |
| Management Analysts | $104,080 |
| Financial Specialists, All Other | $98,870 |
Loan Officers Salaries in Other Cities
| City | Mean Annual |
|---|---|
| Dayton, OH | $135,040 |
| New York, NY | $125,440 |
| Elmira, NY | $123,770 |
| New Haven, CT | $114,840 |
| Washington, DC | $112,140 |
| Lawrence, KS | $111,560 |
| Boston, MA | $110,820 |
| San Francisco, CA | $109,880 |
Frequently Asked Questions
What is the average Loan Officers salary in Detroit, MI?
The average Loan Officers salary in Detroit, MI is $87,930 per year, according to BLS OEWS.
What is the median Loan Officers salary in Detroit, MI?
The median Loan Officers salary in Detroit, MI is $76,710 per year. Half of Loan Officerss earn more than this and half earn less.
How much do entry-level Loan Officerss make in Detroit, MI?
Entry-level Loan Officerss in Detroit, MI typically earn around $29,340 per year (10th percentile). Workers in the 25th percentile earn about $49,940.
What do the highest-paid Loan Officerss earn in Detroit, MI?
The highest-paid Loan Officerss in Detroit, MI earn $139,630 or more per year (90th percentile). The 75th percentile wage is $103,830.
How many Loan Officerss work in Detroit, MI?
There are approximately 6,340 Loan Officerss employed in the Detroit-Warren-Dearborn, MI area, per BLS OEWS.