Loan Officers Salary in Northwest Minnesota

BLS Occupational Employment & Wage Statistics • May 2025 • Northwest Minnesota nonmetropolitan area

Median annual salary $79,910 +7.7% vs national
Median hourly $38.42
10th percentile $48,350
90th percentile $130,700
Employed locally 490
National median $74,180

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Loan Officers
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Northwest Minnesota
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    Salary percentile breakdown

    10th
    $48,350
    25th
    $58,920
    50th (median)
    $79,910
    75th
    $97,400
    90th
    $130,700

    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

    Related occupations in Northwest Minnesota

    OccupationMedian salary
    Accountants and Auditors $66,160
    Business Operations Specialists, All Other $64,630
    Buyers and Purchasing Agents $68,580
    Human Resources Specialists $65,770
    Market Research Analysts and Marketing Specialists $64,990
    Project Management Specialists $82,890

    Frequently asked questions

    How much do Loan Officers make per hour in Northwest Minnesota?

    The median hourly wage for Loan Officers in Northwest Minnesota is $38.42, based on BLS OEWS 2025 data. Top earners (90th percentile) make $80.74 or more per hour.

    Is Northwest Minnesota above or below average for Loan Officers salaries?

    The median Loan Officers salary in Northwest Minnesota is 7.7% 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 Northwest Minnesota?

    Entry-level Loan Officers (10th percentile) earn around $48,350 per year in Northwest Minnesota. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $58,920.