Wage information comes from the Bureau of Labor Statistics, Occupational Employment Statistics Program. The OES is a semi-annual survey that provides wage and employment statistics for the nation, each state, and sub-state regions.

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          Wages for Loan Officers in MINNESOTA

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          Location Pay
          Period          		 2025
          10% 25% Median 75% 90%
          United States Hourly $18.96 $25.35 $36.87 $50.04 $73.65
          Yearly $39,430 $52,730 $76,690 $104,080 $153,180
          Minnesota Hourly $27.73 $35.21 $45.76 $60.36 $78.53
          Yearly $57,670 $73,240 $95,170 $125,550 $163,350
          Minneapolis-St. Paul-Bloomington, MN-WI Metro Area Hourly $29.50 $37.22 $49.13 $61.63 $91.73
          Yearly $61,360 $77,410 $102,200 $128,180 $190,790
          Rochester, MN Metro Area Hourly $29.34 $35.27 $47.17 $61.52 $80.52
          Yearly $61,040 $73,360 $98,110 $127,960 $167,470
          La Crosse-Onalaska, WI-MN Metro Area Hourly $24.35 $29.12 $36.72 $46.91 $63.63
          Yearly $50,650 $60,570 $76,370 $97,560 $132,340
          Southeast Minnesota Balance of State Hourly $27.08 $32.03 $38.05 $58.00 $68.74
          Yearly $56,330 $66,620 $79,140 $120,650 $142,980
          St. Cloud, MN Metro Area Hourly $26.79 $30.82 $44.51 $60.41 $77.02
          Yearly $55,730 $64,110 $92,570 $125,650 $160,200
          Northwest Minnesota Balance of State Hourly $23.43 $30.19 $40.42 $62.03 $80.74
          Yearly $48,730 $62,790 $84,070 $129,020 $167,940
          Grand Forks, ND-MN Metro Area Hourly $26.19 $30.77 $44.62 $56.10 $69.79
          Yearly $54,480 $64,010 $92,820 $116,690 $145,160
          Mankato, MN Metro Area Hourly $28.38 $32.91 $45.60 $58.20 $76.15
          Yearly $59,020 $68,440 $94,850 $121,050 $158,390
          Duluth, MN-WI Metro Area Hourly $22.90 $28.17 $35.21 $47.22 $73.98
          Yearly $47,640 $58,590 $73,240 $98,220 $153,870
          Southwest Minnesota Balance of State Hourly $23.56 $27.95 $37.54 $45.40 $60.29
          Yearly $49,000 $58,130 $78,090 $94,430 $125,410
          Northeast Minnesota Balance of State Hourly $25.36 $29.61 $36.70 $58.31 $71.82
          Yearly $52,740 $61,590 $76,330 $121,290 $149,380
          Fargo, ND-MN Metro Area Hourly $27.88 $34.72 $45.02 $53.93 $70.50
          Yearly $57,980 $72,210 $93,640 $112,170 $146,640
          Sioux Falls, SD-MN Metro Area Hourly $29.13 $33.26 $39.13 $49.90 $62.67
          Yearly $60,600 $69,180 $81,380 $103,800 $130,360