Loan Officers Salary in Minneapolis, MN-WI
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a above-average occupation in Minneapolis, MN-WI, with a median annual salary of $91,900. Loan Officerss in Minneapolis, MN-WI earn $17,720 more (24%) than the national median of $74,180. Experienced Loan Officerss can expect to roughly double their starting salary over their career.
Loan Officerss in Minneapolis, MN-WI earn $17,720 more (24%) than the national median of $74,180.
About 4,360 Loan Officerss work in Minneapolis, MN-WI, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Minneapolis, MN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $57,650 | $4,804 |
| 25th Percentile | $72,440 | $6,037 |
| Median | $91,900 | $7,658 |
| 75th Percentile | $122,280 | $10,190 |
| 90th Percentile | $162,480 | $13,540 |
| Mean (Average) | $101,280 | $8,440 |
Loan Officers Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
| San Jose-Sunnyvale-Santa Clara, CA | $81,990 |
| Denver-Aurora-Lakewood, CO | $81,200 |
| Charlotte-Concord-Gastonia, NC-SC | $81,160 |
| Los Angeles-Long Beach-Anaheim, CA | $80,340 |
| Kansas City, MO-KS | $79,690 |
Highest Paying Jobs in Minneapolis, MN-WI
| Occupation | Median Salary |
|---|---|
| Computer and Information Systems Managers | $173,630 |
| Architectural and Engineering Managers | $170,970 |
| Marketing Managers | $169,760 |
| Financial Managers | $163,330 |
| Managers, All Other | $161,320 |
| Lawyers | $150,110 |
| Natural Sciences Managers | $134,900 |
| Database Administrators | $132,880 |
| Computer Hardware Engineers | $130,530 |
| Software Developers | $129,430 |
Related Data Insights
The cost of living in Minneapolis, MN is 4.8% above the national average (index: 104.8). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Minneapolis, MN salaries is equivalent to $84,189 in an average-cost US city.