Loan Officer Salary in Minneapolis, MN
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$66,873
Hourly Rate
$32.15
/hour
Jobs in Area
318
employed
Loan Officer Salary Range in Minneapolis, MN
Annual Salary Range
$45k
10th percentile
$56k
25th
$79k
75th
$100k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $44,726 | $21.50 |
| 25th Percentile | $55,783 | $26.82 |
| Median (50th Percentile) | $66,873 | $32.15 |
| 75th Percentile | $78,804 | $37.89 |
| 90th Percentile (Top Earners) | $99,570 | $47.87 |
| Average (Mean) | $72,352 | $34.78 |
Frequently Asked Questions
The average Loan Officer salary in Minneapolis, MN is $66,873 per year or $32.15 per hour as of 2023. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2023. The geographic area covered is the Minneapolis-St. Paul-Bloomington Metropolitan Statistical Area.
Last updated: 1/14/2026
Salary Calculator
Enter your salary to see how it compares to other Loan Officers in Minneapolis, MN.
How Minneapolis, MN Compares
vs National Average
$65,740
vs Minnesota Average
$69,420
Cost-of-Living Adjusted
$64,799
Cost of living in Minneapolis, MN is 3.2% above the national average.
Loan Officer Salaries in Other Cities
Other Salaries in Minneapolis, MN
Similar Business & Finance Jobs
Explore More
Loan Officer Jobs in Minneapolis, MN
Find open positions and apply today.
View Jobs on IndeedAffiliate link
Stay Updated on Salary Trends
Get weekly insights on Loan Officer salaries and career tips delivered to your inbox.
No spam, unsubscribe anytime. We respect your privacy.