Mortgage Loan Officer Salary in Michigan (2026)
Michigan · 10.0% below national average · Medium Demand
| City | Avg Salary | vs National | Demand |
|---|---|---|---|
| Grand Rapids | $67,772 | -9.0% | Medium |
Michigan is home to a moderate job market for Mortgage Loan Officers. The state's key industries — Automotive, Healthcare, Technology — generate significant demand for skilled professionals. At $74,475 per year, Michigan's Mortgage Loan Officer salaries are 10.0% lower than the national average.
The cost of living in Michigan (index: 0.9) makes salaries stretch further than in higher-cost states. Entry-level professionals in Michigan can expect to earn $39,549–$58,424, while experienced Mortgage Loan Officers can command $100,892–$118,868.
Looking ahead, the Mortgage Loan Officer profession in Michigan is projected to grow at 2.0% annually. Major employers are actively hiring, and the state's investment in Automotive continues to drive new opportunities for qualified candidates.
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What is the average Mortgage Loan Officer salary in Michigan?The average Mortgage Loan Officer salary in Michigan is $74,475 per year in 2026, which is 10.0% below the national average of $82,750.
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What city in Michigan pays Mortgage Loan Officers the most?Major metro areas typically pay Mortgage Loan Officers the highest wages in Michigan due to higher costs of living and competitive job markets.
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Is Michigan a good state for Mortgage Loan Officers?Michigan has a moderate job market with major industries in Automotive, Healthcare, Technology. Opportunities exist in for Mortgage Loan Officer employment.
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How does Michigan Mortgage Loan Officer salary compare to the US average?At $74,475/year, Michigan Mortgage Loan Officer salaries are 10.0% lower than the national average of $82,750/year.