Loan Officers Salary in Minnesota
BLS OEWS May 2025 • 9 metro areas • Minnesota
Loan Officers in Minnesota earn a median salary of $82,072 per year on average across 9 metro and nonmetro areas, +10.6% vs the national median of $74,180. An estimated 6,460 loan officers are employed across Minnesota, with salaries ranging from $72,500 to $93,140 depending on location.
$82,072
Avg median salary in Minnesota
$93,140
Highest paying metro
$72,500
Lowest paying metro
6,460
Employed in Minnesota
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Loan Officers salaries by city in Minnesota
| Metro area | Median salary | 25th pct | 75th pct | Employed |
|---|---|---|---|---|
| Mankato, MN | $93,140 | $67,010 | $120,950 | 150 |
| Minneapolis, MN-WI | $91,900 | $72,440 | $122,280 | 4,360 |
| St. Cloud, MN | $85,030 | $63,480 | $121,350 | 280 |
| Southeast Minnesota | $81,840 | $61,590 | $103,150 | 310 |
| Rochester, MN | $81,280 | $67,660 | $116,800 | 200 |
| Northwest Minnesota | $79,910 | $58,920 | $97,400 | 490 |
| Southwest Minnesota | $78,890 | $63,540 | $97,760 | 300 |
| Northeast Minnesota | $74,160 | $58,500 | $98,320 | 120 |
| Duluth, MN-WI | $72,500 | $53,570 | $93,940 | 250 |