Loan Officers pay range in Saginaw
New workers and the lowest-paid 10% earn about $36,640 a year or less, while the top 10% make $106,500 or more. The middle half of loan officers in Saginaw earn between $50,200 and $78,780.
- $37K10th
- $50K25th
- $63KMedian
- $79K75th
- $106K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $70,860 | $5,905 | $34.07 |
| Median | $62,740 | $5,228 | $30.16 |
| Entry level (25th percentile) | $50,200 | $4,183 | $24.13 |
| Experienced (75th percentile) | $78,780 | $6,565 | $37.88 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Saginaw vs. Michigan and the U.S.
Loan officers in Saginaw earn 16% less than the Michigan average ($83,990) and 19% less than the U.S. average ($87,790). At the median the gap is -18% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Saginaw | $70,860 | $62,740 | $36,640 | $106,500 | 140 |
| Michigan | $83,990 | $74,470 | $36,830 | $135,700 | 11,340 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Saginaw
On the average salary of $70,860, a single filer in Saginaw takes home about $54,939 a year, or $4,578 a month and $2,113 every two weeks. Taxes take 22% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Saginaw's local income tax (1.5%).
Is Saginaw a good place for loan officers? Pay vs. cost of living
Prices in the Saginaw area are 9% below the U.S. average (BEA price parity 90.9), so the average $70,860 buys what about $77,962 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Saginaw ($46,200). A typical home costs $173,341, or 2.4 years of this average salary before tax.
Loan Officers salary in other Michigan cities
Saginaw ranks 12th of 14 Michigan metro areas for this job; Kalamazoo pays the most ($89,060).
- Kalamazoo$89,060
- Lansing$88,080
- Detroit$85,940
- Grand Rapids$82,320
- Ann Arbor$81,990
- Muskegon$75,980
- Niles$75,470
- Traverse City$74,970
- Jackson$74,700
- Saginaw$70,860
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Saginaw: questions
How much do loan officers make an hour in Saginaw?
$34.07 an hour on average, and $30.16 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Saginaw?
The lowest-paid 10% earn about $36,640 a year and the 25th percentile is $50,200, a fair guide to starting pay.
What is the loan officers take-home pay in Saginaw?
About $54,939 a year ($4,578 a month) for a single filer on the average salary of $70,860. Includes Saginaw's local income tax (1.5%).
Do loan officers earn more in Saginaw than elsewhere?
The average here is 19% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Saginaw, MI (40980). Relative standard error of the mean wage: 3.4%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Saginaw's local income tax (1.5%).
- Job concentration: location quotient 0.97, this job is about as common as in the U.S. overall.
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