Loan Officers Salary in Duluth, MN-WI

BLS Occupational Employment & Wage Statistics • May 2025 • Duluth, MN-WI

Median annual salary $72,500 -2.3% vs national
Median hourly $34.86
10th percentile $47,250
90th percentile $126,230
Employed locally 250
National median $74,180

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Loan Officers
in
Duluth, MN-WI
vs

    Salary percentile breakdown

    10th
    $47,250
    25th
    $53,570
    50th (median)
    $72,500
    75th
    $93,940
    90th
    $126,230

    Duluth economic context

    Unemployment rate 3.50% 2024 annual avg • BLS LAUS
    Median household income $71,067 2023 • Census ACS
    Loan Officers salary vs area income 102% Median Loan Officers salary is 2% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Mankato, MN $93,140
    Minneapolis-St. Paul-Bloomington, MN-WI $91,900
    Fargo, ND-MN $89,860
    Grand Forks, ND-MN $86,510
    St. Cloud, MN $85,030
    Rochester, MN $81,280

    Related occupations in Duluth, MN-WI

    OccupationMedian salary
    Accountants and Auditors $74,160
    Business Operations Specialists, All Other $65,630
    Human Resources Specialists $66,390
    Project Management Specialists $92,940
    Market Research Analysts and Marketing Specialists $63,940
    Buyers and Purchasing Agents $65,540

    Frequently asked questions

    How much do Loan Officers make per hour in Duluth?

    The median hourly wage for Loan Officers in Duluth, MN-WI is $34.86, based on BLS OEWS 2025 data. Top earners (90th percentile) make $73.98 or more per hour.

    Is Duluth above or below average for Loan Officers salaries?

    The median Loan Officers salary in Duluth, MN-WI is 2.3% below the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Duluth?

    Entry-level Loan Officers (10th percentile) earn around $47,250 per year in Duluth, MN-WI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $53,570.