Loan Officers Salary in Grand Rapids, MI (2026)
Source: BLS OEWS · Grand Rapids-Wyoming-Kentwood, MI · 890 employed
The average Loan Officers salary in Grand Rapids, MI is $88,080 per year. The middle 50% of Loan Officerss earn between $51,520 and $103,070. Top earners in the 90th percentile make $155,340 or more. Entry-level positions typically start around $39,900. The median of $73,490 is above the mean, reflecting the wage distribution in this field.
Loan Officers Salary Breakdown in Grand Rapids, MI
| Percentile | Annual Salary |
|---|---|
| 10th Percentile (Entry-level) | $39,900 |
| 25th Percentile | $51,520 |
| Median (50th Percentile) | $73,490 |
| Mean (Average) | $88,080 |
| 75th Percentile | $103,070 |
| 90th Percentile (Top earners) | $155,340 |
Related Jobs in Grand Rapids, MI
| Occupation | Mean Annual |
|---|---|
| Personal Financial Advisors | $132,140 |
| Financial Risk Specialists | $102,650 |
| Financial and Investment Analysts | $102,610 |
| Project Management Specialists | $92,680 |
| Management Analysts | $91,980 |
| Insurance Underwriters | $84,860 |
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 Grand Rapids, MI?
The average Loan Officers salary in Grand Rapids, MI is $88,080 per year, according to BLS OEWS.
What is the median Loan Officers salary in Grand Rapids, MI?
The median Loan Officers salary in Grand Rapids, MI is $73,490 per year. Half of Loan Officerss earn more than this and half earn less.
How much do entry-level Loan Officerss make in Grand Rapids, MI?
Entry-level Loan Officerss in Grand Rapids, MI typically earn around $39,900 per year (10th percentile). Workers in the 25th percentile earn about $51,520.
What do the highest-paid Loan Officerss earn in Grand Rapids, MI?
The highest-paid Loan Officerss in Grand Rapids, MI earn $155,340 or more per year (90th percentile). The 75th percentile wage is $103,070.
How many Loan Officerss work in Grand Rapids, MI?
There are approximately 890 Loan Officerss employed in the Grand Rapids-Wyoming-Kentwood, MI area, per BLS OEWS.