Loan Officers, Grand Rapids
$71,760
BLS OEWS median annual wage in Grand Rapids-Wyoming-Kentwood, MI. Middle half of wages roughly $50,290 to $99,920.
BLS OEWS median, May 2025, as of May 15, 2026. BEA Regional Price Parity 2024. Disclaimer
- vs US median
- −6.4%
- US median
- $76,690
- Metro RPP
- 95.5
- Middle half
- $50,290 to $99,920
- OEWS employment
- 790
- SOC
- 13-2072
Loan Officers in Grand Rapids pay a median $71,760 (May 2025), 6.4% below the US median of $76,690. At local prices (RPP 95.5), that median buys about what $75,141 buys at US-average prices.
Purchasing power
$71,760 in Grand Rapids buys about what $75,141 buys at US-average prices (BEA RPP 95.5, 2024). Housing (rents) RPP is 86.6 vs all-items 95.5 (US = 100, 2024).
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See current openings for Loan Officers in Grand Rapids.
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Loan Officers in nearby metros
| Metro | Median | Middle half | RPP |
|---|---|---|---|
| Grand Rapids | $71,760 | $50,290 to $99,920 | 95.5 |
| Columbus | $82,160 | $56,990 to $106,380 | 95.5 |
| 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 Grand Rapids?
- According to BLS OEWS May 2025, the median annual wage for Loan Officers in Grand Rapids-Wyoming-Kentwood, MI is $71,760.
- How does Grand Rapids pay compare to the US median for Loan Officers?
- Local median pay is 6.4% below the national OEWS median of $76,690.
- How does cost of living change what that wage buys?
- BEA RPP for Grand Rapids is 95.5 (US = 100, 2024). The local median of $71,760 has about the same purchasing power as $75,141 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.