Loan Officer Salary in Ann Arbor, Michigan
The median loan officer salary in Ann Arbor, MI is $69,027 per year, which is 5.0% above the national median and 16.7% above the Michigan state average.
Loan Officer Pay in Ann Arbor: What to Expect (2026)
Ann Arbor offers a median loan officer salary of $69,027, which is $9,861 above the Michigan state average of $59,166. Compared to the national median of $65,740, Ann Arbor pays above average for this role.
Ann Arbor's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Ann Arbor spans from $36,960 at the 10th percentile to $161,490 at the 90th percentile — a $124,530 spread. Entry-level professionals start around $39,900, while senior loan officers with 8+ years of experience can earn up to $136,500. With a population of 123,851, Ann Arbor is a mid-sized metro with a growing job market.
Loan Officer Salary in Ann Arbor by Experience
In Ann Arbor, an entry-level loan officer earns around $39,900, while experienced professionals earn up to $136,500 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Ann Arbor, MI
| Percentile | Ann Arbor |
|---|---|
| 10th Percentile | $36,960 |
| 25th Percentile | $47,670 |
| Median (50th) | $69,027 |
| 75th Percentile | $105,000 |
| 90th Percentile | $161,490 |
Loan Officer Salary in Other Michigan Cities
How to Become a Loan Officer in Ann Arbor
Education
Most loan officer positions require a bachelor's degree. Ann Arbor and the surrounding Michigan area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Ann Arbor may vary based on local industry and population growth.
Find Loan Officer Jobs in Ann Arbor
Browse open loan officer positions in Ann Arbor, MI: