As of December 01, 2024, the average annual pay of Collateral Appraiser in MI is $59,139. While Salary.com is seeing that the highest pay for Collateral Appraiser in Michigan can go up to $75,554 and the lowest down to $44,979, but most earn between $51,727 and $67,731. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Collateral Appraiser in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $68,623 | $5,719 | $1,320 | $33 |
| Average | $59,918 | $4,993 | $1,152 | $29 |
| 25th Percentile | $52,409 | $4,367 | $1,008 | $25 |
An entry-level Collateral Appraiser with under 1 year experience makes about $56,402. With less than 2 years of experience, a mid-level Collateral Appraiser makes around $56,622. After 2-4 years, the Collateral Appraiser pay rises to about $59,460. Those senior Collateral Appraiser with 5-8 years of experience earn roughly $63,030, and those Collateral Appraiser having 8 years or more experience are expected to earn about $63,285 on average.
| Levels | Salary |
|---|---|
| Entry Level Collateral Appraiser | $56,402 |
| Intermediate Level Collateral Appraiser | $56,622 |
| Senior Level Collateral Appraiser | $59,460 |
| Specialist Level Collateral Appraiser | $63,030 |
| Expert Level Collateral Appraiser | $63,285 |
| Entry Level | 6% |
| Mid Level | 6% |
| Senior Level | 1% |
| Top Level | 5% |
| Experienced | 6% |
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Collateral Appraiser salary varies from city to city. Compared with national average salary of Collateral Appraiser, the highest Collateral Appraiser salary is in San Francisco, CA, where the Collateral Appraiser salary is 25.0% above. The lowest Collateral Appraiser salary is in Miami, FL, where the Collateral Appraiser salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $74,898 |
25.0%
|
| Washington, DC | $66,689 |
11.3%
|
| Miami, FL | $57,821 |
|
| Chicago, IL | $62,854 |
4.9%
|
| Boston, MA | $67,168 |
12.1%
|
| New York, NY | $69,984 |
16.8%
|
