📊 BLS Official Data · May 2025 Release

Loan Officers Salary in Minnesota (2026)

Minnesota · 0.0% above national average · High Demand

Average
$84,680
per year
Median
$70,630
per year
Hourly
$40.71
per hour
📅 Dataset: OES May 2025
🔄 Published: May 2026
📍 Coverage: All 50 States + DC
📊
Salary Range & Percentiles
Pay distribution across experience levels
10th Percentile — Entry Level$45,036
25th Percentile — Junior$65,618
50th Percentile — Median$70,630
75th Percentile — Senior$111,927
90th Percentile — Top Earners$131,376
💡 Top-earning Loan Officerss in Minnesota make up to $131,376 per year. The job market in Minnesota is rated strong, with key industries including Healthcare, Finance, Manufacturing.
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Salary Growth Trend (2021–2026)
Six-year compensation trajectory
$71.3k
2021
$73.8k
2022
$76.4k
2023
$79.0k
2024
$81.8k
2025
$84.7k
2026
📈 Loan Officers salaries in Minnesota have followed the national trend with 3.5% annual growth. The strong demand in Minnesota's job market supports continued salary increases.
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Loan Officers Salary by City in Minnesota
Geographic salary comparison
CityAvg Salaryvs NationalDemand
Minneapolis $87,220 +3.0% High
St. Paul $86,374 +2.0% High
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Loan Officers Job Market in Minnesota
Key factors affecting compensation

Minnesota is home to a strong job market for Loan Officerss. The state's key industries — Healthcare, Finance, Manufacturing — generate significant demand for skilled professionals. At $84,680 per year, Minnesota's Loan Officers 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 $45,036–$65,618, while experienced Loan Officerss can command $111,927–$131,376.

Looking ahead, the Loan Officers profession in Minnesota is projected to grow at 3.5% annually. Major employers are actively hiring, and the state's investment in Healthcare continues to drive new opportunities for qualified candidates.

🏛️ U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
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Compare with Similar Jobs
Related career salary benchmarks
Frequently Asked Questions
Common questions about this salary
  • The average Loan Officers salary in Minnesota is $84,680 per year in 2026, which is 0.0% above the national average of $84,680.
  • Major metro areas typically pay Loan Officerss the highest wages in Minnesota due to higher costs of living and competitive job markets.
  • Minnesota has a strong job market with major industries in Healthcare, Finance, Manufacturing. This makes it one of the better states for Loan Officers employment.
  • At $84,680/year, Minnesota Loan Officers salaries are 0.0% higher than the national average of $84,680/year.