State comparison · 2025
Loan Officers salary: Michigan vs New York
Loan Officers in New York earn a median of $95,710. In Michigan, $74,470. After cost-of-living, the gap is 12.7% — not 22.2%.
Nominal pay gap
-22.2%
Michigan vs New York
COL-adjusted gap
-12.7%
After BEA Regional Price Parities
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
New York
Loan Officers
- Median
- $95,710
- p25
- $62,670
- p75
- $148,890
- p10
- $49,410
- p90
- $211,350
- COL index (BEA RPP)100 = US average
- 107.9
- Hiring velocity (180d)
- -58%
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.