Loan Officers Salary in Mankato, MN

BLS Occupational Employment & Wage Statistics • May 2025 • Mankato, MN

Median annual salary $93,140 +25.6% vs national
Median hourly $44.78
10th percentile $53,830
90th percentile $169,660
Employed locally 150
National median $74,180

Compare Loan Officers salary & buying power

Type a city below to see how Mankato, MN stacks up on salary and cost of living.

Full tool →
Loan Officers
in
Mankato, MN
vs

    Salary percentile breakdown

    10th
    $53,830
    25th
    $67,010
    50th (median)
    $93,140
    75th
    $120,950
    90th
    $169,660

    Mankato economic context

    Unemployment rate 2.60% 2024 annual avg • BLS LAUS
    Median household income $74,722 2023 • Census ACS
    Loan Officers salary vs area income 125% Median Loan Officers salary is 25% 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
    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
    La Crosse-Onalaska, WI-MN $78,750

    Related occupations in Mankato, MN

    OccupationMedian salary
    Accountants and Auditors $74,890
    Business Operations Specialists, All Other $65,940
    Market Research Analysts and Marketing Specialists $61,980
    Human Resources Specialists $71,460
    Buyers and Purchasing Agents $72,540
    Project Management Specialists $78,840

    Frequently asked questions

    How much do Loan Officers make per hour in Mankato?

    The median hourly wage for Loan Officers in Mankato, MN is $44.78, based on BLS OEWS 2025 data. Top earners (90th percentile) make $76.15 or more per hour.

    Is Mankato above or below average for Loan Officers salaries?

    The median Loan Officers salary in Mankato, MN is 25.6% above 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 Mankato?

    Entry-level Loan Officers (10th percentile) earn around $53,830 per year in Mankato, MN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $67,010.