Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| Minnesota | National | Difference | |
|---|---|---|---|
| Median annual salary | $95,170 | $75,854 | +25% |
| Median hourly wage | $45.75 | $36.47 | +25% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $96,521.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Loan Officer in Minnesota is $95,170, or about $45.75 per hour, according to BLS OEWS data.
The national median for Loan Officers is $75,854. Minnesota is +25% above the national median.
Entry-level loan officers in Minnesota typically earn from varies by experience depending on the city and employer.
With 6,430 loan officer jobs on record and a median salary of $95,170, Minnesota offers above-average pay compared to the rest of the country.