Loan Officers Salary in Minnesota
State wage data from the BLS OEWS survey, May 2025.
Median annual
$95,170
Median hourly
$46
Average annual
$104,700
Employed in state
6.4K
The median annual salary for Loan Officers in Minnesota is $95,170, or about $46 an hour. That is 24% higher than the national median.
Pay in Minnesota ranges from $57,670 at the 10th percentile to $163,350 at the 90th percentile. Roughly 6.4K people work as loan officers in the state.
Pay distribution in Minnesota
10th$57,670
25th$73,240
Median$95,170
75th$125,550
90th$163,350
Salary calculator
- Hourly
- $45.75
- Daily
- $366
- Weekly
- $1,830
- Bi-weekly
- $3,660
- Monthly
- $7,931
- Annual
- $95,170
$95,170 a year is around the 50th percentile for Loan Officerss in Minnesota. The median is $95,170.
Loan Officers pay by metro area in Minnesota
| Metro area | Median annual | Employment |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | 3.9K |
| Rochester, MN | $98,110 | 170 |
| Mankato, MN | $94,850 | 130 |
| Fargo, ND-MN | $93,640 | 390 |
| Grand Forks, ND-MN | $92,820 | 100 |
| St. Cloud, MN | $92,570 | 300 |
| Sioux Falls, SD-MN | $81,380 | 690 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Duluth, MN-WI | $73,240 | 200 |
Other jobs in Minnesota
- Home Health and Personal Care Aides$35,800
- Retail Salespersons$35,410
- General and Operations Managers$105,770
- Registered Nurses$97,550
- Fast Food and Counter Workers$31,200
- Cashiers$32,880
- Office Clerks, General$45,010
- Laborers and Freight, Stock, and Material Movers, Hand$40,240
- Customer Service Representatives$44,770
- Miscellaneous Assemblers and Fabricators$44,650
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners$36,840
- Stockers and Order Fillers$37,330
- Heavy and Tractor-Trailer Truck Drivers$58,640
- Teaching Assistants, Except Postsecondary$36,780
- Waiters and Waitresses$35,230
- Software Developers$135,980
- Secretaries and Administrative Assistants, Except Legal, Medical, and Executive$47,540
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products$72,080
- Accountants and Auditors$83,680
- Maintenance and Repair Workers, General$49,590