Mortgage Loan Officer Salary in Minnesota (2026)
Minnesota · 0.0% above national average · Medium Demand
| City | Avg Salary | vs National | Demand |
|---|---|---|---|
| Minneapolis | $85,232 | +3.0% | Medium |
| St. Paul | $84,405 | +2.0% | Medium |
Minnesota is home to a strong job market for Mortgage Loan Officers. The state's key industries — Healthcare, Finance, Manufacturing — generate significant demand for skilled professionals. At $82,750 per year, Minnesota's Mortgage 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 $43,943–$64,915, while experienced Mortgage Loan Officers can command $112,102–$132,075.
Looking ahead, the Mortgage Loan Officer profession in Minnesota is projected to grow at 2.0% 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 Mortgage Loan Officer salary in Minnesota?The average Mortgage Loan Officer salary in Minnesota is $82,750 per year in 2026, which is 0.0% above the national average of $82,750.
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What city in Minnesota pays Mortgage Loan Officers the most?Major metro areas typically pay Mortgage 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 Mortgage Loan Officers?Minnesota has a strong job market with major industries in Healthcare, Finance, Manufacturing. This makes it one of the better states for Mortgage Loan Officer employment.
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How does Minnesota Mortgage Loan Officer salary compare to the US average?At $82,750/year, Minnesota Mortgage Loan Officer salaries are 0.0% higher than the national average of $82,750/year.