Loan Officers pay in Minnesota
In Minnesota, the median pay for loan officers is $45.76 an hour ($95,170 a year). About 6,430 people work in this job there.
That is 24% higher than the U.S. median ($76,690). Minnesota ranks 4th of 51 states and territories for this job’s median pay.
Pay range for loan officers in Minnesota
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $27.73 | $57,670 |
| 25% of workers | $35.21 | $73,240 |
| Half of workers (median) | $45.76 | $95,170 |
| 75% of workers | $60.36 | $125,550 |
| 90% of workers | $78.53 | $163,350 |
Loan Officers pay in Minnesota metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Minneapolis-St. Paul-Bloomington | $102,200 | 3,910 |
| Rochester | $98,110 | 170 |
| Mankato | $94,850 | 130 |
| St. Cloud | $92,570 | 300 |
| Duluth | $73,240 | 200 |
Minnesota unemployment rate: 4.4% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Minnesota
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $81,600 |
| Financial and Investment Analysts | $102,990 |
| Personal Financial Advisors | $102,660 |
| Insurance Underwriters | $80,700 |
| Property Appraisers and Assessors | $83,400 |
| Financial Examiners | $104,260 |
| Financial Risk Specialists | $105,420 |
| Tax Examiners and Collectors, and Revenue Agents | $79,000 |
Other job titles for this job
Open loan officers jobs on JAI Bot
No open jobs in this field right now. Search all jobs or set up a free job alert.
Hiring loan officers? Use the free hiring guide for a job description and interview questions, then post the job on JAI Bot. Every job shows typical pay to job seekers.
Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.