How much does a loan officer make in Minneapolis?
$102,200a year
Median yearly pay for loan officers in the Minneapolis-St. Paul-Bloomington, MN-WI metro area. That is $49.13 an hour or $8,517 a month.
- Hourly
- $49.13
- Vs. national median
- +33%
- Rank among cities
- 5 of 383
- Jobs in the area
- 3,910
Pay range
Lowest 10%: $61,360Median: $102,200Highest 10%: $190,800
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $61,360 | $29.50 | |
| 25th | $77,410 | $37.22 | |
| Median | $102,200 | $49.13 | |
| 75th | $128,200 | $61.63 | |
| 90th | $190,800 | $91.73 |
Other cities in Minnesota
Median yearly pay for loan officers.
| Rochester, MN | $98,110 |
| Mankato, MN | $94,850 |
| Fargo, ND | $93,640 |
| Grand Forks, ND | $92,820 |
| St. Cloud, MN | $92,570 |
| Sioux Falls, SD | $81,380 |
| La Crosse, WI | $76,370 |
| Duluth, MN | $73,240 |
Related jobs in Minneapolis
Same field, median yearly pay.
| Financial Risk Specialist | $105,400 |
| Financial Examiner | $104,300 |
| Personal Financial Advisor | $103,400 |
| Financial and Investment Analyst | $103,400 |
| Management Analyst | $101,600 |
| Labor Relations Specialist | $101,300 |
| Property Appraiser and Assessor | $99,800 |
| Market Research Analyst and Marketing Specialist | $97,910 |
| Project Management Specialist | $97,860 |
| Compliance Officer | $91,150 |
Frequently asked questions
How much does a loan officer make an hour in Minneapolis?
The median hourly pay in the Minneapolis-St. Paul-Bloomington, MN-WI metro area is $49.13 ($102,200 a year).
Do loan officers make more in Minneapolis than the national average?
Yes: $102,200 against $76,690 nationally, 33% more.
How does Minneapolis compare with the rest of Minnesota?
The median in Minnesota is $95,170, so Minneapolis pays 7% more.
Where does Minneapolis rank for loan officer pay?
5 of 383 metro areas with data.
How much does a loan officer make starting out in Minneapolis?
The lowest-paid 10% make $61,360 or less a year; the top 10% make $190,800 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.