2024 Salary Data

Loan Officers Salary in Mankato, MN

Loan Officerss in Mankato, MN earn a median salary of $93,140 per year, which is 25.6% higher than the national median.

Median Salary

$93,140

25.6%vs national

Entry Level

$53,830

10th percentile

Experienced

$169,660

90th percentile

Employed

150

in Mankato, MN

Salary Distribution

Shows salary range from entry-level (10th percentile) to top earners (90th percentile)

How Much Do Loan Officerss Make in Mankato, MN?

According to the Bureau of Labor Statistics, Loan Officerss in the Mankato, MN metropolitan area earn a median annual salary of $93,140. The salary range varies significantly based on experience, with entry-level positions starting around $53,830 and experienced professionals earning up to $169,660 or more.

Entry Level

0-2 years experience

$53,830 - $67,010

Mid Career

2-8 years experience

$67,010 - $120,950

Senior Level

8+ years experience

$120,950 - $169,660

Mankato, MN vs National Average

Mankato, MN$93,140
National Average$74,180

Loan Officerss in Mankato, MN earn 25.6% more than the national median of $74,180.

Frequently Asked Questions

What is the average salary for a Loan Officers in Mankato, MN?
The median annual salary for Loan Officers in Mankato, MN is $93,140, according to Bureau of Labor Statistics data from 2024. This is 25.6% higher than the national median.
What is the starting salary for Loan Officers in Mankato, MN?
Entry-level Loan Officers positions in Mankato, MN typically start around $53,830 to $67,010 annually (10th to 25th percentile).
How much can experienced Loan Officerss make in Mankato, MN?
Experienced Loan Officerss in Mankato, MN can earn $120,950 to $169,660 annually (75th to 90th percentile).
How does Loan Officers salary in Mankato, MN compare to the national average?
Loan Officerss in Mankato, MN earn 25.6% more than the national median of $74,180.

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