Salary Range — 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $51,520 | $24.77 |
| 25th percentile | $65,230 | $31.36 |
| 50th percentile (median) | $84,480 | $40.62 |
| 75th percentile | $109,870 | $52.82 |
| 90th percentile (top earners) | $152,630 | $73.38 |
| Mean (average) | $96,180 | $46.24 |
How Minnesota Compares
| State | Median Annual | vs. Minnesota |
|---|---|---|
| Minnesota (current) | $84,480 | — |
| District of Columbia | $102,200 | +21% |
| New York | $98,940 | +17% |
| New Jersey | $95,090 | +13% |
| Massachusetts | $93,430 | +11% |
| Vermont | $86,490 | +2% |
| North Dakota | $82,990 | -2% |
| Kansas | $82,540 | -2% |
| Delaware | $80,760 | -4% |
Showing top-paying states with available data. View all states →
Related Occupations in Minnesota
| Occupation | Median Annual | Employment |
|---|---|---|
| First-Line Supervisors of Mechanics, Installers, and Repairers | $84,410 | 9,140 |
| Biological Science Teachers, Postsecondary | $84,310 | 800 |
| Web and Digital Interface Designers | $84,950 | 1,510 |
| Occupational Therapists | $85,040 | 3,360 |
| Construction and Building Inspectors | $83,890 | 1,300 |
| Compliance Officers | $85,220 | 6,460 |
Frequently Asked Questions
What is the average Loan Officers salary in Minnesota?
The mean loan officers salary in Minnesota is $96,180 per year. The median (middle) salary is $84,480 per year. Source: BLS OEWS 2024.
What is the starting salary for a Loan Officers in Minnesota?
Entry-level loan officerss (10th percentile) in Minnesota typically earn around $51,520 per year. Workers at the 25th percentile earn approximately $65,230 per year.
What is the highest Loan Officers salary in Minnesota?
Top earners (90th percentile) in this occupation in Minnesota make approximately $152,630 per year. Those in the 75th percentile earn around $109,870 per year.
How does the Minnesota Loan Officers salary compare to the national average?
The median loan officers salary in Minnesota is $84,480, which is +14% above national average of $74,180.
Data Source: This data is sourced from the U.S. Bureau of Labor Statistics,
Occupational Employment and Wage Statistics (OEWS) program, May 2024 release.
All wages are estimates. Actual salaries may vary based on experience, education,
employer, and other factors. bls.gov/oes