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Consumer Loan Officer Salary in Muskegon Heights, MI
How much does a Consumer Loan Officer make in Muskegon Heights, MI?
$67,845 (USD)/year
Average Bonus
$2,259 (USD)
per Year
Total Compensation
$69,277.24
Entry Level
$49,143
Median
$67,018
Senior Level
$76,837
As of July, 23, 2026, the average consumer loan officer gross salary in Muskegon Heights, Michigan is $67,845 or an equivalent hourly rate of $33. In addition, consumer loan officers earn an average bonus of $2,259. An entry level consumer loan officer with 1-3 years of experience earns an average salary of $49,143. At the higher end of the pay range, a senior level consumer loan officer with 8+ years of experience earns an average salary of $76,837. Salary estimates are based on salary survey data collected directly from employers in Muskegon Heights, Michigan.
Data powered by ERI
Salary Potential for a Consumer Loan Officer
Explore the estimated salary growth for a Consumer Loan Officer in Muskegon Heights, MI for up to 5 years. The estimated salary of a Consumer Loan Officer will be $69,596 in 1 year and $77,062 in 5 years.
View Salary by Year
Estimated Salary
$71,392
Average Growth
5.2 %
The estimated salary for a Consumer Loan Officer in 2 years is $71,392, which is 5.2 % average growth. This information is based on ERI's compensation database.
Typical Consumer Loan Officer Education
This chart displays the highest level of education for Consumer Loan Officers.
- 0% of Consumer Loan Officers have less than a High School Diploma
- 30% of Consumer Loan Officers have a High School Diploma
- 4% of Consumer Loan Officers have an Associate's Degree
- 61% of Consumer Loan Officers have a Bachelor's Degree
- 4% of Consumer Loan Officers have a Master's Degree
- 0% of Consumer Loan Officers have a Doctorate Degree
The typical field of study for a Consumer Loan Officer is Finance.
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Skills data not available for this job
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Consumer Loan Officer Salaries in Other Locations
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View moreCost of Living in Muskegon Heights, MI
The cost of living in Muskegon Heights, MI is 9% lower than the national average.
9% lower
than the national average
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Frequently Asked Questions
What does a Consumer Loan Officer do?
Interviews applicants and studies, evaluates, and authorizes or recommends approval of customer applications for consumer loans, including vehicle loans, home improvement, home equity, personal, secured and unsecured, student loans, credit cards, etc.
How much does a Consumer Loan Officer make in Muskegon Heights, MI?
The average salary for a Consumer Loan Officer is $67,845 per year or $32.62 per hour in Muskegon Heights, MI. Top earners have reported making up to $76,837. However, the typical pay range in Muskegon Heights, MI is between $49,143 and $76,837 annually.
What is the salary trajectory for a Consumer Loan Officer?
Consumer Loan Officer is projected to see a 13.6 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Consumer Loan Officer salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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