Minnesota ranks 6th of 51 states and D.C. for loan officers pay, trailing top-paying District of Columbia ($102,200) by $17,720 — a 21% gap.
Loan Officers are more concentrated in Minnesota than the U.S. average — a location quotient of 1.26 means the occupation's share of local jobs is 1.26× the national share.
Minnesota employs roughly 2.4% of all loan officers in the country (6,950 workers).
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 | n/a |
| 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.
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.