Loan Officers Salary in Minnesota
Ranked #3 of 51 · MN
19.3% above U.S. average
Mean annual salary $104,700 ≈ $50/hr
Median annual salary $95,170
Employment 6,430
Salary Distribution (10th–90th percentile)
P10 $57,670P25 $73,240 Median $95,170P75 $125,550P90 $163,350
About 80% of loan officerss in Minnesota earn between $57,670 and $163,350. The blue band is the middle 50% (P25–P75); the dot marks the median.
Compared to the U.S.
The mean loan officers salary in Minnesota is $104,700, about 19.3% above the U.S. average ($87,790). That works out to roughly $50/hr at 2,080 hours per year.
Metro Areas in Minnesota
| Metro area | Median | Mean | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | $110,870 | 3,910 |
| Rochester, MN | $98,110 | $104,910 | 170 |
| Mankato, MN | $94,850 | $101,670 | 130 |
| St. Cloud, MN | $92,570 | $98,860 | 300 |
| Northwest Minnesota nonmetropolitan area | $84,070 | $97,260 | 450 |
| Southeast Minnesota nonmetropolitan area | $79,140 | $92,720 | 300 |
| Southwest Minnesota nonmetropolitan area | $78,090 | $81,220 | 360 |
| Northeast Minnesota nonmetropolitan area | $76,330 | $96,610 | 100 |