Loan Officers pay range in Monroe
New workers and the lowest-paid 10% earn about $26,690 a year or less, while the top 10% make $133,120 or more. The middle half of loan officers in Monroe earn between $39,300 and $96,450.
- $27K10th
- $39K25th
- $56KMedian
- $96K75th
- $133K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $71,060 | $5,922 | $34.16 |
| Median | $56,450 | $4,704 | $27.14 |
| Entry level (25th percentile) | $39,300 | $3,275 | $18.89 |
| Experienced (75th percentile) | $96,450 | $8,038 | $46.37 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Monroe vs. Michigan and the U.S.
Loan officers in Monroe earn 15% less than the Michigan average ($83,990) and 19% less than the U.S. average ($87,790). At the median the gap is -26% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Monroe | $71,060 | $56,450 | $26,690 | $133,120 | 30 |
| 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 Monroe
On the average salary of $71,060, a single filer in Monroe takes home about $56,047 a year, or $4,671 a month and $2,156 every two weeks. Taxes take 21% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Monroe a good place for loan officers? Pay vs. cost of living
Prices in the Monroe area are 7% below the U.S. average (BEA price parity 93.5), so the average $71,060 buys what about $76,007 would buy in a typical U.S. metro. This job pays 1.2 times the median wage of all jobs in Monroe ($46,240). A typical home costs $269,112, or 3.8 years of this average salary before tax.
Loan Officers salary in other Michigan cities
Monroe ranks 11th 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
- Monroe$71,060
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 Monroe: questions
How much do loan officers make an hour in Monroe?
$34.16 an hour on average, and $27.14 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Monroe?
The lowest-paid 10% earn about $26,690 a year and the 25th percentile is $39,300, a fair guide to starting pay.
What is the loan officers take-home pay in Monroe?
About $56,047 a year ($4,671 a month) for a single filer on the average salary of $71,060.
Do loan officers earn more in Monroe than elsewhere?
The average here is 19% 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 Monroe, MI (33780). Relative standard error of the mean wage: 12.8%.
- 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 0.46, this job is less common than in the U.S. overall (location quotient 0.46).
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