BankingUpdated Q1 2026

Loan Officer Salary
in Lansing, MI

Evaluate and approve loan applications for individuals and businesses. Median salary in Lansing: $64K/year. Data from BLS, O*NET, and H-1B disclosures.

Median salary
$64K
per year
Take-home: $42K

Salary range in Lansing

Entry level (25th)$44,000
Median (50th)$64,000
Senior (75th)$92,000
Top earner (90th)$132,000

Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Lansing, Michigan.

Key facts for Lansing

Median salary
$64K
annual
Take-home pay
$42K
after fed/state tax
COL index
85
100 = US avg
State income tax
4.25%
annual
Avg 1BR rent
$1,050
per month
YoY growth
+2%
salary trend

Salary forecast: Lansing Loan Officer to 2030

Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $64K by 2030.

Salary trend & forecast β€” Lansing

Historical (2019–2025) + projected to 2030 based on BLS growth rates

HistoricalProjected
Loan Officer salary trend 2019–2030PROJECTED β†’$54K$59K$63K$68K$72K201920212023202520272029
2026
$66K
projected
2027
$67K
projected
2028
$69K
projected
2029
$71K
projected
2030
$72K
projected

Projections based on BLS Employment Projections 2022–2032 CAGR and WEF Jobs Report 2025. Not financial advice.

YearProjected median salaryvs today
2027 projected$64,000+$0
2028 projected$64,000+$0
2029 projected$64,000+$0
2030 projected$64,000+$0

Projections use compound annual growth rate (CAGR) from BLS occupational outlook data. Actual salaries may vary.

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Loan Officer Salary in Lansing, Michigan: Complete Guide (2026)

The median Loan Officer salary in Lansing, MI is $64,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Lansing–MI metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.

Salary range for Loan Officer in Lansing

Entry-level Loan Officers in Lansing with 0–2 years of experience typically earn between $44,000 and $64,000 annually. Mid-career professionals with 3–7 years command $64,000 to $92,000, while senior-level practitioners with 8+ years of experience regularly earn $92,000 to $132,000 or more.

Cost of living in Lansing for Loan Officers

Lansing has a cost of living index of 85 compared to the US national average of 100. This means your salary goes approximately 15% further in Lansing than the national average. Michigan has a 4.25% state income tax rate.

Education requirements for Loan Officer

Bachelor's in Finance; NMLS license for mortgage. 35% of these roles offer some remote flexibility.

Loan Officer salary in nearby cities

CityMedian salaryCOL index
Lansing (current)$64K85
Detroit$72K82
Grand Rapids$68K90
Warren$64K85
Sterling Heights$68K90
Ann Arbor$86K115