Loan Officer salary in Niles, MI
Loan Officers in the Niles, MI metro area earn a median of $64,250 a year ($30.89 an hour), based on BLS data for 130 workers.
Pay ranges from $35,800 for the lowest-paid 10% to $126,160 for the top 10%. That is 16% lower than the national median of $76,690. Pay here is 14% lower than the Michigan statewide median of $74,470. There are 2.2 loan officers per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $75,470, above the median because a few high earners pull it up.
Pay range for loan officers in Niles, MI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $35,800 | $17.21 |
| 25th percentile | $49,560 | $23.83 |
| Median | $64,250 | $30.89 |
| 75th percentile | $95,380 | $45.86 |
| 90th percentile (top earners) | $126,160 | $60.65 |
| Average (mean) | $75,470 | $36.29 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,354.17 |
| Semi-monthly (24 a year) | $2,677.08 |
| Biweekly (26 a year) | $2,471.15 |
| Weekly | $1,235.58 |
| Hourly | $30.89 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Ann Arbor, MI | $77,820 | 320 |
| Detroit-Warren-Dearborn, MI | $76,260 | 7,200 |
| Lansing-East Lansing, MI | $72,890 | 420 |
| Kalamazoo-Portage, MI | $72,330 | 140 |
| Grand Rapids-Wyoming-Kentwood, MI | $71,760 | 790 |
| Midland, MI | $66,880 | 60 |
| Flint, MI | $65,050 | 230 |
| Traverse City, MI | $63,820 | 130 |
| South Bend-Mishawaka, IN-MI | $63,130 | 160 |
| Saginaw, MI | $62,740 | 140 |
| Muskegon-Norton Shores, MI | $62,190 | 60 |
| Jackson, MI | $60,540 | 110 |
| Battle Creek, MI | $59,640 | 70 |
| Monroe, MI | $56,450 | 30 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Michigan statewide figures.
Related jobs in Niles, MI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,140 | $36.12 |
| Personal Financial Advisor | $82,780 | $39.80 |
| Financial and Investment Analysts | $82,070 | $39.46 |
| Property Appraisers and Assessors | $71,730 | $34.49 |
| Market Research Analysts and Marketing Specialists | $75,470 | $36.29 |
| Human Resources Specialist | $66,050 | $31.76 |
| Project Management Specialist | $90,590 | $43.55 |
| Buyers and Purchasing Agents | $70,390 | $33.84 |
| Training and Development Specialists | $69,110 | $33.22 |
| Business Operations Specialists, All Other | $77,250 | $37.14 |
| Logistician | $82,330 | $39.58 |
| Compliance Officer | $61,800 | $29.71 |
| Cost Estimator | $70,720 | $34.00 |
| Management Analyst | $91,130 | $43.81 |
More: Business and Financial Operations Occupations · all salaries in Niles, MI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Niles, MI?
The median salary for loan officers in the Niles, MI metro area is $64,250 a year, or $30.89 an hour. Pay ranges from $35,800 for the lowest-paid 10% to $126,160 for the top 10%.
How much do the highest-paid loan officers make in Niles, MI?
The top 10% of loan officers in the Niles, MI metro area earn at least $126,160 a year. The top 25% earn $95,380 or more.
What is the starting pay for loan officers in Niles, MI?
Entry-level pay (the 10th percentile) is about $35,800 a year, and a quarter of loan officers earn $49,560 or less.
How many loan officers work in Niles, MI?
About 130 loan officers are employed in the Niles, MI metro area, not counting the self-employed.