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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      		 2024
      10% 25% Median 75% 90%
      United States Hourly $18.51 $24.26 $35.66 $49.00 $70.09
      Yearly $38,490 $50,460 $74,180 $101,920 $145,780
      Minnesota Hourly $24.77 $31.36 $40.62 $52.82 $73.38
      Yearly $51,520 $65,230 $84,480 $109,870 $152,630
      Mankato, MN Metro Area Hourly $25.88 $32.22 $44.78 $58.15 $81.57
      Yearly $53,830 $67,010 $93,140 $120,950 $169,660
      Minneapolis-St. Paul-Bloomington, MN-WI Metro Area Hourly $27.72 $34.83 $44.18 $58.79 $78.12
      Yearly $57,650 $72,440 $91,900 $122,280 $162,480
      Fargo, ND-MN Metro Area Hourly $26.79 $30.81 $43.20 $51.55 $68.49
      Yearly $55,710 $64,080 $89,860 $107,220 $142,450
      Grand Forks, ND-MN Metro Area Hourly $24.57 $29.60 $41.59 $54.72 $67.84
      Yearly $51,110 $61,560 $86,510 $113,820 $141,100
      St. Cloud, MN Metro Area Hourly $26.04 $30.52 $40.88 $58.34 $75.54
      Yearly $54,170 $63,480 $85,030 $121,350 $157,110
      Southeast Minnesota Balance of State Hourly $24.68 $29.61 $39.34 $49.59 $69.58
      Yearly $51,330 $61,590 $81,840 $103,150 $144,730
      Rochester, MN Metro Area Hourly $27.01 $32.53 $39.08 $56.16 $72.00
      Yearly $56,180 $67,660 $81,280 $116,800 $149,760
      Northwest Minnesota Balance of State Hourly $23.25 $28.33 $38.42 $46.83 $62.84
      Yearly $48,350 $58,920 $79,910 $97,400 $130,700
      Southwest Minnesota Balance of State Hourly $24.76 $30.55 $37.93 $47.00 $60.76
      Yearly $51,500 $63,540 $78,890 $97,760 $126,390
      La Crosse-Onalaska, WI-MN Metro Area Hourly $23.52 $29.02 $37.86 $46.69 $62.10
      Yearly $48,920 $60,370 $78,750 $97,110 $129,180
      Sioux Falls, SD-MN Metro Area Hourly $29.35 $30.68 $37.75 $48.62 $62.07
      Yearly $61,050 $63,810 $78,510 $101,120 $129,110
      Northeast Minnesota Balance of State Hourly $23.70 $28.12 $35.66 $47.27 $62.28
      Yearly $49,300 $58,500 $74,160 $98,320 $129,530
      Duluth, MN-WI Metro Area Hourly $22.72 $25.76 $34.86 $45.16 $60.69
      Yearly $47,250 $53,570 $72,500 $93,940 $126,230