Traverse City, MI · SOC 13-2072

Loan Officers in the Traverse City Metro

Metro area salary data from the Bureau of Labor Statistics (May 2025)

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Geography used: wage and employment figures cover the full Traverse City, MI BLS wage area, not only its central city; the comparison figure is the United States national estimate. Verify with the BLS OEWS source tables.

Median Salary

$63,820

per year in the Traverse City metro

17% below

National Median

$76,690

per year nationally

Hourly Rate

$30.68/hr

median hourly

Employment

130

jobs in the Traverse City metro

The Traverse City pay distribution spans from $41,050 at the 10th percentile to $118,390 at the 90th, a 2.9× observed spread. Differences in specialization, employer, sector, location, credentials, schedule, and experience may all contribute, but OEWS does not isolate their effects. The 25th percentile sits at $51,560 and the 75th at $92,700, so half of Traverse City-based loan officers earn within that middle band.

Metro figures use establishment work location, not worker residence. BLS draws metro boundaries from the OMB MSA definitions, so Traverse City, MI covers the central city plus outlying counties tied to the metro economically. OEWS includes straight-time pay, tips, commissions, incentive pay, and production bonuses. It excludes employer health and retirement benefits, overtime premiums, stock compensation, signing bonuses, and other nonproduction bonuses. The same occupation's national profile, statewide MI estimate, and peer-metro rows provide distinct geographic comparisons. A published median is a benchmark, not a prediction or ceiling for one worker.

Salary Range in the Traverse City Metro

Annual Salary Distribution

10th$41,050
25th$51,560
Median$63,820
75th$92,700
90th$118,390

Top Paying Jobs in Traverse City

1. Physicians, All Other $280,490 2. Chief Executives Small sample: Small sample: this BLS estimate rests on 60 workers (fewer than 100). $248,510 3. Dentists, General Small sample: Small sample: this BLS estimate rests on 80 workers (fewer than 100). $171,740 4. Family Medicine Physicians Small sample: Small sample: this BLS estimate rests on 60 workers (fewer than 100). $168,080 5. Pharmacists $143,050 6. Computer and Information Systems Managers $141,450 7. Marketing Managers Small sample: Small sample: this BLS estimate rests on 60 workers (fewer than 100). $137,590 8. Architectural and Engineering Managers Small sample: Small sample: this BLS estimate rests on 70 workers (fewer than 100). $136,170 9. Physician Assistants $134,180 10. Veterinarians Small sample: Small sample: this BLS estimate rests on 30 workers (fewer than 100). $124,330

Small sample marks a row whose BLS estimate rests on fewer than 100 workers. It is still a published figure, but BLS reports more sampling error for cells this small: the median relative standard error of the mean wage is 3.4% under 100 workers against 2.1% at 100 or more (May 2025 metro estimates). Small gaps in rank between neighbouring rows may not be meaningful.

Similar Occupations in Traverse City

Other roles inside the Traverse City, MI MSA from the same SOC major group.

Accountants and Auditors

in Traverse City

Agents and Business Managers of Artists, Performers, and Athletes

in Traverse City

Budget Analysts

in Traverse City

Business Operations Specialists, All Other

in Traverse City

Buyers and Purchasing Agents

in Traverse City
Compare Loan Officers against another occupation → ← National Loan Officers salary Loan Officers in MI →

How much do Loan Officers make in the Traverse City metro area?

How much do Loan Officers make in the Traverse City metro area? ▼
The median annual salary for Loan Officers in Traverse City, MI is $63,820 ($30.68/hour). The salary range spans from $41,050 at the 10th percentile to $118,390 at the 90th percentile.
How does Loan Officers pay in the Traverse City metro compare nationally? ▼
Loan Officers pay in Traverse City, MI is 17% below the national median of $76,690. There are approximately 130 Loan Officers jobs in this metro area.

Last updated: May 2025 (BLS OEWS annual release). Source: U.S. Bureau of Labor Statistics, OEWS May 2025.

Source data and WageDex calculations are identified in context on this page. Wage figures are computed directly from BLS OEWS data for the full Traverse City, MI wage area. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of May 2025.