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Loan Officers Salary in Minnesota
Ranked #3 of 51 · MN
Salary Distribution (10th–90th percentile)
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 |
Frequently Asked Questions
How much do loan officers make in Minnesota?
The median loan officers salary in Minnesota is $95,170 per year (mean $104,700), and about 80% earn between $57,670 and $163,350.
How much do loan officers make per hour in Minnesota?
Roughly $50 per hour, based on a mean annual wage of $104,700 and 2,080 work hours per year.
Is Minnesota a high-paying state for loan officers?
Minnesota ranks #3 of 51 states for loan officers pay. Its mean salary of $104,700 is about 19.3% above the U.S. average of $87,790.
Which metro areas in Minnesota pay loan officers the most?
The highest-paying metro areas in Minnesota for loan officers are Minneapolis-St. Paul-Bloomington, MN-WI ($102,200), Rochester, MN ($98,110), Mankato, MN ($94,850), by median annual wage.