State comparison · 2025
Loan Officers salary: Massachusetts vs Michigan
Loan Officers in Massachusetts earn a median of $101,600. In Michigan, $74,470. After cost-of-living, the gap is 24.1% — not 36.4%.
Nominal pay gap
+36.4%
Massachusetts vs Michigan
COL-adjusted gap
+24.1%
After BEA Regional Price Parities
Massachusetts
Loan Officers
- Median
- $101,600
- p25
- $79,760
- p75
- $136,940
- p10
- $64,680
- p90
- $198,220
- COL index (BEA RPP)100 = US average
- 105.8
Michigan
Loan Officers
- Median
- $74,470
- p25
- $50,280
- p75
- $101,150
- p10
- $36,830
- p90
- $135,700
- COL index (BEA RPP)100 = US average
- 96.2
BLS Occupational Employment and Wage Statistics, May 2025. Cost-of-living adjustment from BEA Regional Price Parities (overall index). Hiring velocity from DOL OFLC public disclosure data, recent 180 days vs prior. See methodology.