Loan Officers Salary in Minnesota (2025)
Official BLS OEWS data · May 2025 · 6,430 employed
Annual Mean
$104,700
$50.34/hr
Annual Median
$95,170
$45.76/hr
Bottom 10%
$57,670
$27.73/hr
Top 10%
$163,350
$78.53/hr
Location vs National Average
Minnesota
$104,700
Difference
+19.3% vs US avg
US National
$87,790
Salary Percentile Breakdown
| Percentile | Annual |
|---|---|
10th Percentile Bottom 10% | $57,670 |
25th Percentile Lower quarter | $73,240 |
50th PercentileMedian Median | $95,170 |
75th Percentile Upper quarter | $125,550 |
90th Percentile Top 10% | $163,350 |
Salary Distribution
Annual Salary Range
10th
$58K
25th
$73K
Median
$95K
75th
$126K
90th
$163K
Minnesota has a moderate number of Loan Officers positions (approximately 6,430), reflecting steady demand in this occupation.
In Minnesota, Loan Officers salaries range from $57,670 at the 10th percentile to $163,350 at the 90th percentile — a spread of $105,680 (111% of the median). This wide range suggests significant variation based on experience and employer in this area.
Top Paying Cities in Minnesota
Metro areas with highest Loan Officers wages
How Loan Officers Compares in Minnesota
The average Loan Officers salary of $104,700 in Minnesota ranks above the national average of $87,790. There are approximately 6,430 Loan Officerss employed in Minnesota.
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Data: BLS OEWS May 2025 · Public domain · Not affiliated with BLS.