Loan Officer Salary in Minnesota (2026)
Minnesota · 0.0% above national average · Medium Demand
| City | Avg Salary | vs National | Demand |
|---|---|---|---|
| Minneapolis | $82,070 | +3.0% | Medium |
| St. Paul | $81,274 | +2.0% | Medium |
Minnesota is home to a strong job market for Loan Officers. The state's key industries — Healthcare, Finance, Manufacturing — generate significant demand for skilled professionals. At $79,680 per year, Minnesota's Loan Officer salaries are 0.0% higher than the national average.
The cost of living in Minnesota (index: 1.0) makes salaries stretch further than in higher-cost states. Entry-level professionals in Minnesota can expect to earn $41,936–$62,118, while experienced Loan Officers can command $107,527–$126,776.
Looking ahead, the Loan Officer profession in Minnesota is projected to grow at 2.2% annually. Major employers are actively hiring, and the state's investment in Healthcare continues to drive new opportunities for qualified candidates.
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What is the average Loan Officer salary in Minnesota?The average Loan Officer salary in Minnesota is $79,680 per year in 2026, which is 0.0% above the national average of $79,680.
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What city in Minnesota pays Loan Officers the most?Major metro areas typically pay Loan Officers the highest wages in Minnesota due to higher costs of living and competitive job markets.
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Is Minnesota a good state for Loan Officers?Minnesota has a strong job market with major industries in Healthcare, Finance, Manufacturing. This makes it one of the better states for Loan Officer employment.
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How does Minnesota Loan Officer salary compare to the US average?At $79,680/year, Minnesota Loan Officer salaries are 0.0% higher than the national average of $79,680/year.