Loan Officers Salary in Southwest Minnesota

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

Median annual salary $78,890 +6.3% vs national
Median hourly $37.93
10th percentile $51,500
90th percentile $126,390
Employed locally 300
National median $74,180

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Loan Officers
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Southwest Minnesota
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    Salary percentile breakdown

    10th
    $51,500
    25th
    $63,540
    50th (median)
    $78,890
    75th
    $97,760
    90th
    $126,390

    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 Southwest Minnesota

    OccupationMedian salary
    Accountants and Auditors $71,840
    Human Resources Specialists $69,850
    Market Research Analysts and Marketing Specialists $68,970
    Buyers and Purchasing Agents $69,000
    Business Operations Specialists, All Other $63,740
    Project Management Specialists $84,120

    Frequently asked questions

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

    The median hourly wage for Loan Officers in Southwest Minnesota is $37.93, based on BLS OEWS 2025 data. Top earners (90th percentile) make $60.29 or more per hour.

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

    The median Loan Officers salary in Southwest Minnesota is 6.3% 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 Southwest Minnesota?

    Entry-level Loan Officers (10th percentile) earn around $51,500 per year in Southwest Minnesota. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $63,540.