Loan Officers pay range in Ann Arbor
New workers and the lowest-paid 10% earn about $35,790 a year or less, while the top 10% make $131,250 or more. The middle half of loan officers in Ann Arbor earn between $50,400 and $100,040.
- $36K10th
- $50K25th
- $78KMedian
- $100K75th
- $131K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $81,990 | $6,832 | $39.42 |
| Median | $77,820 | $6,485 | $37.41 |
| Entry level (25th percentile) | $50,400 | $4,200 | $24.23 |
| Experienced (75th percentile) | $100,040 | $8,337 | $48.10 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Ann Arbor vs. Michigan and the U.S.
Loan officers in Ann Arbor earn about the same as the Michigan average ($83,990) and 7% less than the U.S. average ($87,790). At the median the gap is +1% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Ann Arbor | $81,990 | $77,820 | $35,790 | $131,250 | 320 |
| Michigan | $83,990 | $74,470 | $36,830 | $135,700 | 11,340 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Ann Arbor
On the average salary of $81,990, a single filer in Ann Arbor takes home about $63,272 a year, or $5,273 a month and $2,434 every two weeks. Taxes take 23% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Ann Arbor a good place for loan officers? Pay vs. cost of living
Prices in the Ann Arbor area are in line with the U.S. average (BEA price parity 100.9), so the average $81,990 buys what about $81,275 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Ann Arbor ($55,380). A typical home costs $422,945, or 5.2 years of this average salary before tax.
Loan Officers salary in other Michigan cities
Ann Arbor ranks 5th of 14 Michigan metro areas for this job; Kalamazoo pays the most ($89,060).
- Kalamazoo$89,060
- Lansing$88,080
- Detroit$85,940
- Grand Rapids$82,320
- Ann Arbor$81,990
- Muskegon$75,980
- Niles$75,470
- Traverse City$74,970
- Jackson$74,700
- Flint$73,450
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Ann Arbor: questions
How much do loan officers make an hour in Ann Arbor?
$39.42 an hour on average, and $37.41 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Ann Arbor?
The lowest-paid 10% earn about $35,790 a year and the 25th percentile is $50,400, a fair guide to starting pay.
What is the loan officers take-home pay in Ann Arbor?
About $63,272 a year ($5,273 a month) for a single filer on the average salary of $81,990.
Do loan officers earn more in Ann Arbor than elsewhere?
The average here is 7% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Ann Arbor, MI (11460). Relative standard error of the mean wage: 2.5%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
- Job concentration: location quotient 0.83, this job is about as common as in the U.S. overall.
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