The median annual wage for Loan Officers in Minnesota is $84,480 (May 2024 BLS OES). The mean (average) is $96,180.
Pay spans roughly $51,520 at the 10th percentile to $152,630 at the 90th, so experience and specialisation move this figure a lot. At the median that is about $40.62 per hour. An estimated 6,950 people work as loan officers in Minnesota.
| Median (annual) | $84,480 |
| Mean (annual) | $96,180 |
| Median (hourly) | $40.62 |
| 10th percentile | $51,520 |
| 90th percentile | $152,630 |
| Employment | 6,950 |
Updated 2026-07-23.
Source: BLS OES May 2024 — bls.gov/oes. Checked 2026-07-23.