Loan Officer salary in Kalamazoo-Portage, MI
Loan Officers in the Kalamazoo-Portage, MI metro area earn a median of $72,330 a year ($34.77 an hour), based on BLS data for 140 workers.
Pay ranges from $37,300 for the lowest-paid 10% to $173,900 for the top 10%. That is 6% lower than the national median of $76,690. Pay here is 3% lower than the Michigan statewide median of $74,470. There are 1.2 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.67). The average (mean) salary is $89,060, above the median because a few high earners pull it up.
Pay range for loan officers in Kalamazoo-Portage, MI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,300 | $17.94 |
| 25th percentile | $56,200 | $27.02 |
| Median | $72,330 | $34.77 |
| 75th percentile | $97,260 | $46.76 |
| 90th percentile (top earners) | $173,900 | $83.61 |
| Average (mean) | $89,060 | $42.82 |
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 | $6,027.50 |
| Semi-monthly (24 a year) | $3,013.75 |
| Biweekly (26 a year) | $2,781.92 |
| Weekly | $1,390.96 |
| Hourly | $34.77 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $72,330 salary, see how much house you can afford in Michigan at today's mortgage rates, or work out a payment with the mortgage calculator.
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 |
| Grand Rapids-Wyoming-Kentwood, MI | $71,760 | 790 |
| Midland, MI | $66,880 | 60 |
| Flint, MI | $65,050 | 230 |
| Niles, MI | $64,250 | 130 |
| 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 Kalamazoo-Portage, MI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,140 | $37.09 |
| Personal Financial Advisor | $77,890 | $37.45 |
| Financial and Investment Analysts | $79,440 | $38.19 |
| Budget Analyst | $60,570 | $29.12 |
| Financial Specialists, All Other | $58,430 | $28.09 |
| Credit Analyst | $67,940 | $32.67 |
| Property Appraisers and Assessors | $62,080 | $29.85 |
| Credit Counselor | $46,850 | $22.52 |
| Human Resources Specialist | $64,560 | $31.04 |
| Project Management Specialist | $97,590 | $46.92 |
| Market Research Analysts and Marketing Specialists | $61,820 | $29.72 |
| Training and Development Specialists | $63,900 | $30.72 |
| Buyers and Purchasing Agents | $66,710 | $32.07 |
| Business Operations Specialists, All Other | $78,410 | $37.70 |
More: Business and Financial Operations Occupations · all salaries in Kalamazoo-Portage, 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 Kalamazoo-Portage, MI?
The median salary for loan officers in the Kalamazoo-Portage, MI metro area is $72,330 a year, or $34.77 an hour. Pay ranges from $37,300 for the lowest-paid 10% to $173,900 for the top 10%.
How much do the highest-paid loan officers make in Kalamazoo-Portage, MI?
The top 10% of loan officers in the Kalamazoo-Portage, MI metro area earn at least $173,900 a year. The top 25% earn $97,260 or more.
What is the starting pay for loan officers in Kalamazoo-Portage, MI?
Entry-level pay (the 10th percentile) is about $37,300 a year, and a quarter of loan officers earn $56,200 or less.
How many loan officers work in Kalamazoo-Portage, MI?
About 140 loan officers are employed in the Kalamazoo-Portage, MI metro area, not counting the self-employed.