SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Minneapolis
Minneapolis-St. Paul-Bloomington, MN-WI · 4 metro areas compared
In Minneapolis, MN the median wage for Loan Officers reaches $102,200 a year.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
In Minneapolis, MN the median wage for Loan Officers reaches $102,200 a year. That is 33.3% more than the national median of $76,690. The middle half of workers in this occupation earn between $77,410 and $128,180. The lowest tenth earn under $61,360, while the highest tenth earn more than $190,790.
Employment stands at 3,910, or 2.0 jobs per thousand held locally. Rochester leads the state's metro areas for this occupation, at $98,110. Set against every other occupation measured in the same area, it ranks 126th of 670 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $61,360 | −20.0% |
| 25th | $77,410 | +0.9% |
| Median (50th) | $102,200 | +33.3% |
| 75th | $128,180 | +67.1% |
| 90th | $190,790 | +148.8% |
| Mean | $110,870 | +44.6% |
Other metro areas in Minnesota
What the pay is worth locally
Prices in Minneapolis sit close to the national average, so $102,200 is worth roughly its face value against pay elsewhere.
Published median
$102,200as reported by BLSLocal price level
98.6US average = 100 · BEA 2024Adjusted for local prices
$103,651US average = 100 · BEA 2024Key takeaways
- Median pay is $102,200 a year, 33.3% above the national median.
- Published pay spans $61,360 to $190,790 between the tenth and ninetieth percentiles.
- The area has 3,910 jobs in this occupation.
- The highest-paying metro area covered is Rochester, at $98,110.
Frequently asked questions
What is the median wage for Loan Officers in Minneapolis, MN?
The median annual wage is $102,200, or $49.13 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $76,690, so pay in Minneapolis, MN is 33.3% higher. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Minneapolis, MN earns more than $190,790 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $61,360 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Rochester, at $98,110 per year.
How many jobs are there in this occupation here?
The survey estimates 3,910 jobs in this occupation in Minneapolis, MN. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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