What are the main factors that influence a Loan Analyst's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

What industry pays the highest salary for Loan Analyst?

The Financial Services industry offers the highest average compensation for Loan Analyst roles, with salaries approximately 30% above the market median.

How does experience change A Loan Analyst's salary?

A Loan Analyst's salary grows with experience: a Loan Processor I (0-1 years)earns $40,804, a Loan Analyst (1-3 years)earns $45,713, a Loan Processor III (3-5 years)earns $55,430, a Loan Processing Supervisor (5+ years)earns $59,902,

What are the highest paying cities for a Loan Analyst?

Loan Analyst salary varies significantly by city. The top 3 highest paying cities in Michigan for Loan Analyst roles are San Jose $62,083, San Francisco $61,403, Oakland $60,109.

How much do different types of Loan Analyst roles make?

Salaries for Loan Analyst level roles vary by specialization: Loan Closing Analyst: $65,403; Loan Operations Analyst: $58,925; Financial Loan Analyst: $58,638; Loan Review Analyst: $58,427; Commercial Loan Analyst: $58,223.

What specialized skills increase a Loan Analyst's salary?

Skills with high demand and low supply, such as Team Operations (up to 7% premium), Leadership (up to 6% premium), Onboarding (up to 5% premium), directly translate to higher compensation. Employers pay more for these capabilities to gain a competitive edge.

Loan Analyst Salary in Bad Axe, MI

How much does a Loan Analyst make in Bad Axe, MI?

As of September 01, 2026, the average salary for a Loan Analyst in Bad Axe, MI is $46,054 per year, which breaks down to an hourly rate of $22.

However, a Loan Analyst's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $54,931
Majority Range (25th-75th percentile): $42,557 to $50,701
Entry-Level (10th percentile): $39,373

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Loan Analyst Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$50,701	$4,225	$975	$24
Average	$46,054	$3,838	$886	$22
25th Percentile	$42,557	$3,546	$818	$20

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Loan Analyst Salaries

A Loan Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.

Top Paying Cities for Loan Analysts

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

San Jose: $62,083
San Francisco: $61,403
Oakland: $60,109

San Jose, CA $62,083

San Francisco, CA $61,403

Oakland, CA $60,109

New York, NY $56,673

Paramus, NJ $55,984

Queens Village, NY $55,981

Passaic, NJ $55,935

Bergenfield, NJ $55,930

Stamford, CT $55,822

Huntington, NY $55,802

Newark, NJ $55,438

Bridgeport, CT $55,334

Vallejo, CA $55,236

New Brunswick, NJ $55,216

Petaluma, CA $55,187

Middlesex, NJ $55,093

Somerset, NJ $55,059

Santa Cruz, CA $54,995

Boston, MA $54,695

Monterey, CA $54,522

Seattle, WA $54,409

Santa Rosa, CA $54,399

Los Angeles, CA $54,385

Juneau, AK $54,257

Washington, DC $54,202

Orange, CA $54,027

Santa Ana, CA $53,897

Long Beach, CA $53,848

Anaheim, CA $53,838

Anchorage, AK $53,814

Santa Maria, CA $53,666

Everett, WA $53,656

Danbury, CT $53,483

Bremerton, WA $53,415

Tacoma, WA $53,238

New Suffolk, NY $53,237

Sacramento, CA $53,223

Santa Barbara, CA $53,169

Trenton, NJ $53,115

San Diego, CA $53,115

Brockton, MA $53,061

Fairbanks, AK $52,940

Lompoc, CA $52,814

Lowell, MA $52,775

Ventura, CA $52,765

Nashua, NH $52,755

Stockton, CA $52,750

Modesto, CA $52,391

Poughkeepsie, NY $52,283

Olympia, WA $52,189

Kennewick, WA $52,189

New Haven, CT $52,170

Lawrence, MA $51,992

Hartford, CT $51,943

Riverside, CA $51,933

New Bedford, MA $51,884

Richland, WA $51,884

Bakersfield, CA $51,815

San Bernardino, CA $51,796

New Britain, CT $51,791

Atlantic City, NJ $51,791

New London, CT $51,771

Norwich, CT $51,756

Portsmouth, NH $51,746

Boulder, CO $51,642

Portland, OR $51,574

Worcester, MA $51,569

Minneapolis, MN $51,417

Philadelphia, PA $51,348

Honolulu, HI $51,185

Saint Paul, MN $51,162

Vineland, NJ $51,151

Providence, RI $51,008

Chicago, IL $50,865

Bellingham, WA $50,806

Springfield, MA $50,767

Baltimore, MD $50,752

Chico, CA $50,629

Pittsfield, MA $50,496

Manchester, NH $50,403

Spokane, WA $50,186

Denver, CO $50,181

Albany, NY $49,950

Troy, NY $49,930

Nassau, NY $49,877

Schenectady, NY $49,827

Wilmington, DE $49,787

Burlington, VT $49,718

Salem, OR $49,699

Portland, ME $49,546

Yakima, WA $49,497

Rochester, MN $49,344

Reno, NV $49,320

Fresno, CA $49,320

Milwaukee, WI $49,275

Detroit, MI $49,226

Ann Arbor, MI $49,218

Allentown, PA $49,211

Colorado Springs, CO $49,128

Syracuse, NY $49,103

Carson City, NV $49,103

Houston, TX $49,034

Eugene, OR $49,010

Gary, IN $48,951

Springfield, OR $48,911

Bismarck, ND $48,901

Galveston, TX $48,867

Medford, OR $48,793

Fort Collins, CO $48,773

Concord, NH $48,749

Austin, TX $48,734

Mesa, AZ $48,631

Reading, PA $48,626

Phoenix, AZ $48,621

Dallas, TX $48,606

Saint Cloud, MN $48,559

Madison, WI $48,493

Utica, NY $48,360

Rochester, NY $48,281

Des Moines, IA $48,276

Raleigh, NC $48,271

Atlanta, GA $48,197

Battle Creek, MI $48,183

Salt Lake City, UT $48,168

Lancaster, PA $48,094

Harrisburg, PA $48,025

Kansas City, MO $47,976

Champaign, IL $47,966

Kansas City, KS $47,966

Fort Worth, TX $47,961

Columbus, OH $47,953

Boca Raton, FL $47,942

Pittsburgh, PA $47,922

Richmond, VA $47,902

Indianapolis, IN $47,892

Cleveland, OH $47,887

Las Vegas, NV $47,828

Cincinnati, OH $47,828

Petersburg, VA $47,755

Huntsville, AL $47,681

Lansing, MI $47,648

Lebanon, PA $47,641

Pueblo, CO $47,636

Appleton, WI $47,622

Buffalo, NY $47,602

Dayton, OH $47,587

Racine, WI $47,577

Charlotte, NC $47,572

Saint Louis, MO $47,558

York, PA $47,528

Elkhart, IN $47,528

Gastonia, NC $47,519

Billings, MT $47,507

Beaumont, TX $47,494

Lorain, OH $47,484

Benton Harbor, MI $47,474

Toledo, OH $47,464

Binghamton, NY $47,439

Rock Hill, SC $47,435

Rockford, IL $47,410

Springfield, IL $47,390

Elyria, OH $47,385

Fargo, ND $47,385

Flagstaff, AZ $47,351

Fort Lauderdale, FL $47,321

Duluth, MN $47,292

Miami, FL $47,292

Cheyenne, WY $47,257

Grand Forks, ND $47,257

Bangor, ME $47,149

Cedar Rapids, IA $47,095

Durham, NC $47,074

Louisville, KY $47,070

Grand Rapids, MI $47,060

Hialeah, FL $47,056

Casper, WY $46,987

Scranton, PA $46,928

New Orleans, LA $46,913

Virginia Beach, VA $46,908

Akron, OH $46,883

Peoria, IL $46,819

Sarasota, FL $46,809

Nashville, TN $46,775

Omaha, NE $46,775

Green Bay, WI $46,775

Baton Rouge, LA $46,750

Charleston, SC $46,741

Jamestown, NY $46,716

Davenport, IA $46,716

Tucson, AZ $46,691

Saint Petersburg, FL $46,662

Tampa, FL $46,652

Evansville, IN $46,622

Port Arthur, TX $46,622

Bradenton, FL $46,603

Santa Fe, NM $46,514

Orlando, FL $46,426

Clearwater, FL $46,411

Canton, OH $46,307

La Crosse, WI $46,307

Albuquerque, NM $46,278

Newport News, VA $46,273

High Point, NC $46,258

Ogden, UT $46,238

Corpus Christi, TX $46,199

Norfolk, VA $46,170

Laramie, WY $46,170

Rock Island, IL $46,140

Saginaw, MI $46,130

Jacksonville, FL $46,125

Salisbury, NC $46,115

Boise, ID $46,106

Moline, IL $46,081

Fort Myers, FL $46,066

Memphis, TN $46,056

Tulsa, OK $46,032

Waterloo, IA $46,002

Spartanburg, SC $45,953

Lincoln, NE $45,928

Fort Wayne, IN $45,919

Provo, UT $45,914

Cedar Falls, IA $45,855

San Antonio, TX $45,835

Greensboro, NC $45,815

South Bend, IN $45,810

Savannah, GA $45,756

Muskegon, MI $45,736

Birmingham, AL $45,732

Winston Salem, NC $45,707

Lake Charles, LA $45,589

Anderson, IN $45,579

Lexington, KY $45,564

Augusta, GA $45,549

Greenville, SC $45,549

Lima, OH $45,510

Wichita, KS $45,505

Tuscaloosa, AL $45,505

Columbia, SC $45,461

Springfield, OH $45,451

Asheville, NC $45,372

Bloomington, IN $45,338

Knoxville, TN $45,161

Shreveport, LA $45,156

Wilmington, NC $45,092

Roanoke, VA $45,092

Topeka, KS $45,003

Frankfort, KY $44,998

Oklahoma City, OK $44,964

Chillicothe, OH $44,944

Longview, TX $44,939

Melbourne, FL $44,934

Sioux Falls, SD $44,855

Mobile, AL $44,850

Terre Haute, IN $44,831

Altoona, PA $44,801

Amarillo, TX $44,767

Killeen, TX $44,752

Fayetteville, AR $44,713

Chattanooga, TN $44,698

Sioux City, IA $44,654

Idaho Falls, ID $44,644

Lynchburg, VA $44,604

Gainesville, FL $44,540

Portsmouth, OH $44,516

Little Rock, AR $44,506

Lafayette, LA $44,486

Youngstown, OH $44,486

Daytona Beach, FL $44,457

Clarksville, TN $44,452

Pensacola, FL $44,447

Temple, TX $44,443

Hopkinsville, KY $44,299

Erie, PA $44,289

Florence, SC $44,270

Charleston, WV $44,191

Great Falls, MT $44,166

Macon, GA $44,097

Tallahassee, FL $44,092

Fayetteville, NC $44,083

Waco, TX $44,073

Helena, MT $44,038

Pine Bluff, AR $44,020

Vincennes, IN $43,960

Lubbock, TX $43,940

Alamogordo, NM $43,910

Twin Falls, ID $43,866

Rapid City, SD $43,851

Jackson, MS $43,763

Huntington, WV $43,759

Greenville, MS $43,758

Parkersburg, WV $43,708

Montgomery, AL $43,699

Wichita Falls, TX $43,649

Springfield, MO $43,649

Biloxi, MS $43,625

Monroe, LA $43,576

Johnstown, PA $43,541

Sumter, SC $43,521

Columbus, GA $43,517

Pascagoula, MS $43,423

Abilene, TX $43,423

Kingsport, TN $43,295

Albany, GA $43,295

Gulfport, MS $43,280

Alexandria, LA $43,118

Fort Smith, AR $42,995

El Paso, TX $42,862

Las Cruces, NM $42,640

Harlingen, TX $42,515

Pocatello, ID $42,508

Florence, AL $42,444

Brownsville, TX $42,434

Mcallen, TX $42,330

Dothan, AL $42,261

Columbus, MS $41,969

Altus, OK $41,740

Lawton, OK $41,646

Pierre, SD $41,469

What Skills Can Increase a Loan Analyst's Salary?

Demanded Skills for the Role:

Customer Service (Mentioned in 9.84% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Data Entry (Mentioned in 2.85% Job Postings): Transcribing information into an electronic medium such as a computer or other electronic device.
Loan Review (Mentioned in 1.38% Job Postings): Loan review is a process routinely used by banks to assess the current value of loan portfolios. Provisioning is a technique to translate loan review results into the balance sheet.

See More Skills

Skills	Demand Percentage
Customer Service	9.84%
Data Entry	2.85%
Loan Review	1.38%

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Analyst's salary.

Team Operations: Can increase your salary by up to 7%.
Leadership: Can increase your salary by up to 6%.
Onboarding: Can increase your salary by up to 5%.

Skill	Salary	Salary % Increase
Team Operations	$49,278	7%
Leadership	$48,818	6%
Onboarding	$48,357	5%
Prioritization	$48,357	5%
Presentation	$48,357	5%
Customer Relationship	$47,897	4%

Get Latest Data

Loan Analyst Salary by Industry: Top Paying Sectors

For Loan Analyst roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 30% above the average. Conversely, Loan Analyst positions in Business Services typically offer lower base pay, as this sector often view Loan Analyst as a support function rather than a direct revenue driver.

The top paying industry for a Loan Analyst

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$59,871	$29.0	30%

Loan Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026

$42,557

Average $46,054/year

$50,701

$3,546

Average $3,838/month

$4,225

$818

Average $886/week

$975

$20

Average $22/hour

$24

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$50,701	$4,225	$975	$24
Average	$46,054	$3,838	$886	$22
25th Percentile	$42,557	$3,546	$818	$20

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