How much does a loan officer make in Rochester?
$98,110a year
Median yearly pay for loan officers in the Rochester, MN metro area. That is $47.17 an hour or $8,176 a month.
- Hourly
- $47.17
- Vs. national median
- +28%
- Rank among cities
- 14 of 383
- Jobs in the area
- 170
Pay range
Lowest 10%: $61,040Median: $98,110Highest 10%: $167,500
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $61,040 | $29.35 | |
| 25th | $73,360 | $35.27 | |
| Median | $98,110 | $47.17 | |
| 75th | $128,000 | $61.52 | |
| 90th | $167,500 | $80.51 |
Other cities in Minnesota
Median yearly pay for loan officers.
| Minneapolis, MN | $102,200 |
| 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 Rochester
Same field, median yearly pay.
| Management Analyst | $108,600 |
| Compensation | $108,200 |
| Project Management Specialist | $106,300 |
| Financial and Investment Analyst | $105,300 |
| Labor Relations Specialist | $103,500 |
| Personal Financial Advisor | $95,280 |
| Buyer and Purchasing Agent | $88,320 |
| Accountant and Auditor | $83,960 |
| Human Resources Specialist | $83,810 |
| Market Research Analyst and Marketing Specialist | $83,030 |
Frequently asked questions
How much does a loan officer make an hour in Rochester?
The median hourly pay in the Rochester, MN metro area is $47.17 ($98,110 a year).
Do loan officers make more in Rochester than the national average?
Yes: $98,110 against $76,690 nationally, 28% more.
How does Rochester compare with the rest of Minnesota?
The median in Minnesota is $95,170, so Rochester pays 3% more.
Where does Rochester rank for loan officer pay?
14 of 383 metro areas with data.
How much does a loan officer make starting out in Rochester?
The lowest-paid 10% make $61,040 or less a year; the top 10% make $167,500 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.