Loan Officers Salary in Rochester, MN

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

Median annual salary $81,280 +9.6% vs national
Median hourly $39.08
10th percentile $56,180
90th percentile $149,760
Employed locally 200
National median $74,180

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Loan Officers
in
Rochester, MN
vs

    Salary percentile breakdown

    10th
    $56,180
    25th
    $67,660
    50th (median)
    $81,280
    75th
    $116,800
    90th
    $149,760

    Rochester economic context

    Unemployment rate 2.50% 2024 annual avg • BLS LAUS
    Median household income $89,675 2023 • Census ACS
    Loan Officers salary vs area income 91% Median Loan Officers salary is 9% below 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
    La Crosse-Onalaska, WI-MN $78,750

    Related occupations in Rochester, MN

    OccupationMedian salary
    Accountants and Auditors $81,610
    Management Analysts $105,530
    Business Operations Specialists, All Other $80,810
    Human Resources Specialists $83,130
    Project Management Specialists $103,520
    Market Research Analysts and Marketing Specialists $79,740

    Frequently asked questions

    How much do Loan Officers make per hour in Rochester?

    The median hourly wage for Loan Officers in Rochester, MN is $39.08, based on BLS OEWS 2025 data. Top earners (90th percentile) make $80.52 or more per hour.

    Is Rochester above or below average for Loan Officers salaries?

    The median Loan Officers salary in Rochester, MN is 9.6% 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 Rochester?

    Entry-level Loan Officers (10th percentile) earn around $56,180 per year in Rochester, MN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $67,660.