Based on the latest Bureau of Labor Statistics OEWS data — updated September 10, 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.
By median annual wage, loan officers rank 155 of the 721 occupations reported in Minnesota — higher than 79% of them.
Among occupations in the same job family, Financial Risk Specialists at $105,420, Financial Examiners at $104,260, Financial and Investment Analysts at $102,990 — all figures are median annual wages for Minnesota.
No. Every figure on this page is a gross (pre-tax) wage. Minnesota levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 97.0 (100 = national average).
By median annual wage, loan officers rank 155 of the 721 occupations reported in Minnesota — higher than 79% of them.
| Occupation in the same job family | Median in Minnesota | Jobs |
|---|---|---|
| Financial Risk Specialists | $105,420 | $1,190 |
| Financial Examiners | $104,260 | $1,280 |
| Financial and Investment Analysts | $102,990 | $7,450 |
| Personal Financial Advisors | $102,660 | $5,280 |
| Management Analysts | $100,790 | $20,700 |
| Labor Relations Specialists | $100,760 | $1,710 |
Minnesota levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 97.0 (100 = national average).
Ranking and comparison figures come from the same BLS OEWS release as the rest of this page, which covers 721 occupations in Minnesota.