Loan Officers, Detroit
$76,260
BLS OEWS median annual wage in Detroit-Warren-Dearborn, MI. Middle half of wages roughly $50,310 to $105,620.
BLS OEWS median, May 2025, as of May 15, 2026. BEA Regional Price Parity 2024. Disclaimer
- vs US median
- −0.6%
- US median
- $76,690
- Metro RPP
- 100.3
- Middle half
- $50,310 to $105,620
- OEWS employment
- 7,200
- SOC
- 13-2072
Loan Officers in Detroit pay a median $76,260 (May 2025), 0.6% below the US median of $76,690. At local prices (RPP 100.3), that median buys about what $76,032 buys at US-average prices.
Purchasing power
$76,260 in Detroit buys about what $76,032 buys at US-average prices (BEA RPP 100.3, 2024). Housing (rents) RPP is 94.7 vs all-items 100.3 (US = 100, 2024).
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Loan Officers in nearby metros
| Metro | Median | Middle half | RPP |
|---|---|---|---|
| Detroit | $76,260 | $50,310 to $105,620 | 100.3 |
| Las Vegas | $65,550 | $46,260 to $114,100 | 100.2 |
| San Francisco | $103,000 | $71,870 to $153,150 | 115.6 |
| Tulsa | $79,080 | $52,460 to $125,250 | 89.2 |
BLS OEWS May 2025 where published for the CBSA.
FAQ
- What is the median salary for Loan Officers in Detroit?
- According to BLS OEWS May 2025, the median annual wage for Loan Officers in Detroit-Warren-Dearborn, MI is $76,260.
- How does Detroit pay compare to the US median for Loan Officers?
- Local median pay is 0.6% below the national OEWS median of $76,690.
- How does cost of living change what that wage buys?
- BEA RPP for Detroit is 100.3 (US = 100, 2024). The local median of $76,260 has about the same purchasing power as $76,032 at US-average prices.
- How current is this data?
- Wages are BLS OEWS May 2025. Price levels use BEA Regional Price Parities for 2024. See methodology for source details.
What this covers
Includes
- BEA Regional Price Parities (all items, goods, housing rents, other services)
- BLS OEWS median wages, percentile bands, and employment where published
- Purchasing-power math: salary × (destination RPP ÷ origin RPP)
Does not include
- Federal, state, or local income taxes
- Childcare, healthcare premiums, or leave benefits
- Job openings. OEWS employment is a published stock estimate, not hiring demand
Median wages are published BLS OEWS metro estimates; price levels use BEA Regional Price Parities. See methodology and disclaimer.