2024 Salary Data

Loan Officers Salary in Minneapolis-St. Paul-Bloomington, MN-WI

Loan Officerss in Minneapolis-St. Paul-Bloomington, MN-WI earn a median salary of $91,900 per year, which is 23.9% higher than the national median.

Median Salary

$91,900

↑23.9%vs national

Entry Level

$57,650

10th percentile

Experienced

$162,480

90th percentile

Employed

4,360

in Minneapolis-St. Paul-Bloomington, MN-WI

Salary Distribution

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

How Much Do Loan Officerss Make in Minneapolis-St. Paul-Bloomington, MN-WI?

According to the Bureau of Labor Statistics, Loan Officerss in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn a median annual salary of $91,900. The salary range varies significantly based on experience, with entry-level positions starting around $57,650 and experienced professionals earning up to $162,480 or more.

Entry Level

0-2 years experience

$57,650 - $72,440

Mid Career

2-8 years experience

$72,440 - $122,280

Senior Level

8+ years experience

$122,280 - $162,480

Minneapolis-St. Paul-Bloomington, MN-WI vs National Average

Minneapolis-St. Paul-Bloomington, MN-WI$91,900

National Average$74,180

Loan Officerss in Minneapolis-St. Paul-Bloomington, MN-WI earn 23.9% more than the national median of $74,180.

Quick Facts

Occupation: Loan Officers
SOC Code: 132072
Location: Minneapolis-St. Paul-Bloomington, MN-WI
Data Year: 2024
Total Employed: 4,360

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Frequently Asked Questions

What is the average salary for a Loan Officers in Minneapolis-St. Paul-Bloomington, MN-WI?

The median annual salary for Loan Officers in Minneapolis-St. Paul-Bloomington, MN-WI is $91,900, according to Bureau of Labor Statistics data from 2024. This is 23.9% higher than the national median.

What is the starting salary for Loan Officers in Minneapolis-St. Paul-Bloomington, MN-WI?

Entry-level Loan Officers positions in Minneapolis-St. Paul-Bloomington, MN-WI typically start around $57,650 to $72,440 annually (10th to 25th percentile).

How much can experienced Loan Officerss make in Minneapolis-St. Paul-Bloomington, MN-WI?

Experienced Loan Officerss in Minneapolis-St. Paul-Bloomington, MN-WI can earn $122,280 to $162,480 annually (75th to 90th percentile).

How does Loan Officers salary in Minneapolis-St. Paul-Bloomington, MN-WI compare to the national average?

Loan Officerss in Minneapolis-St. Paul-Bloomington, MN-WI earn 23.9% more than the national median of $74,180.

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