How much does a loan officer make in Minnesota?
$95,170a year
Median yearly pay for loan officers in Minnesota. That is $45.75 an hour or $7,931 a month.
- Hourly
- $45.75
- Vs. national median
- +24%
- Rank among states
- 4 of 51
- Jobs in the state
- 6,430
Pay range
Lowest 10%: $57,670Median: $95,170Highest 10%: $163,400
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $57,670 | $27.73 | |
| 25th | $73,240 | $35.21 | |
| Median | $95,170 | $45.75 | |
| 75th | $125,600 | $60.36 | |
| 90th | $163,400 | $78.53 |
Cities in Minnesota
Metro areas, median yearly pay.
| Minneapolis, MN | $102,200 |
| 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 |
Nearby in the ranking
States with similar pay for loan officers.
| 1. Massachusetts | $101,600 |
| 2. Connecticut | $95,730 |
| 3. New York | $95,710 |
| 4. Minnesota | $95,170 |
| 5. Colorado | $94,520 |
| 6. Oregon | $94,440 |
| 7. New Jersey | $92,920 |
Frequently asked questions
How much does a loan officer make an hour in Minnesota?
The median hourly pay in Minnesota is $45.75 ($95,170 a year).
Do loan officers make more in Minnesota than the national average?
Yes: $95,170 against $76,690 nationally, 24% more.
Where does Minnesota rank for loan officer pay?
Minnesota ranks 4 of 51 states.
Which city in Minnesota pays loan officers the most?
Minneapolis-St. Paul-Bloomington, MN-WI, with a median of $102,200 a year.
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.