Loan Interviewers and Clerks Salary
Loan Interviewers and Clerks in Michigan make a median of $51,500 a year, or about $24.76 an hour. The range runs from $39K at the entry level to $68K for experienced workers. Cost of living is below average (RPP 93.89), which stretches that salary to about $54,851 in buying power. A 2-bedroom apartment runs $1,272/month, about 37.6% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Michigan. Jump to a metro for precise data:
So what does $52K get you in Michigan?
About loan interviewers and clerks
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What this looks like in Michigan
Loan interviewers and clerks pay in Michigan tracks closely to the national median, $52K locally vs. $50K nationwide, a 3% difference. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,272/month, which is 37% of the median worker's take-home, past the 30% guideline most planners use. Regional Price Parity sits at 93.89 (national = 100), meaning everyday costs run about 6% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Michigan
Entry-level loan interviewers and clerks (10th percentile) start around $39K. Mid-career wages sit at $52K. Top earners bring in $68K or more, a $29K spread from bottom to top.
Loan Interviewers and Clerks salary by metro in Michigan
12 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Detroit-Warren-Dearborn | $52K | +0% | 4,910 |
| Lansing-East Lansing | $51K | -1% | 330 |
| Ann Arbor | $51K | -1% | 210 |
| Flint | $50K | -3% | 170 |
| Kalamazoo-Portage | $50K | -4% | 120 |
| Grand Rapids-Wyoming-Kentwood | $49K | -4% | 640 |
| Battle Creek | $49K | -5% | 40 |
| Midland | $49K | -6% | 40 |
| Traverse City | $48K | -6% | 60 |
| Saginaw | $48K | -8% | 110 |
| Jackson | $47K | -9% | 100 |
| Niles | $46K | -10% | 110 |
Showing 1–10 of 12 metros
Compare to other states
Track loan interviewers and clerks salary changes
BLS updates this data quarterly. We'll email you when Michigan numbers change.
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Frequently asked questions
Can a loan interviewers and clerk afford a 2BR apartment alone in Michigan?
It’s a stretch — at the median salary of $52K, rent takes 37% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,272/month. The 30% guideline puts the comfortable ceiling at roughly $1,000/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan interviewers and clerks in Michigan?
The 10th-percentile wage — what new loan interviewers and clerks typically earn — is $39K/year. Take-home on that works out to about $2,341/month. At HUD’s $1,272/month FMR, rent would take 54% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan interviewers and clerk a high-paying job in Michigan?
Pay here is roughly in line with the national average — $52K locally vs. $50K nationally, a 3% difference.
How does Michigan compare to the national average for loan interviewers and clerks?
Michigan pays $52K median vs. the U.S. average of $50K — that’s +3%. After adjusting for local cost of living (RPP 93.89), the purchasing-power equivalent is $55K — still ahead of the national median.
How much do loan interviewers and clerks make in Michigan?
The median is $51,500 a year, that works out to about $25 an hour. But the range is wide: entry-level workers start around $39,010, and experienced loan interviewers and clerks can clear $67,670. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $52K enough to live in Michigan?
On that salary, you'd take home roughly $3,436/month after taxes. A 2-bedroom here rents for about $1,272/month, which eats 37% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan interviewers and clerks salary go in Michigan?
Michigan has a Regional Price Parity of 93.89 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan interviewers and clerks salary is worth about $54,851 in national-average purchasing power.
Where do loan interviewers and clerks get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.