2024 Salary Data

Loan Officers Salary in Rochester, MN

Loan Officerss in Rochester, MN earn a median salary of $81,280 per year, which is 9.6% higher than the national median.

Median Salary

$81,280

9.6%vs national

Entry Level

$56,180

10th percentile

Experienced

$149,760

90th percentile

Employed

200

in Rochester, MN

Salary Distribution

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

How Much Do Loan Officerss Make in Rochester, MN?

According to the Bureau of Labor Statistics, Loan Officerss in the Rochester, MN metropolitan area earn a median annual salary of $81,280. The salary range varies significantly based on experience, with entry-level positions starting around $56,180 and experienced professionals earning up to $149,760 or more.

Entry Level

0-2 years experience

$56,180 - $67,660

Mid Career

2-8 years experience

$67,660 - $116,800

Senior Level

8+ years experience

$116,800 - $149,760

Rochester, MN vs National Average

Rochester, MN$81,280
National Average$74,180

Loan Officerss in Rochester, MN earn 9.6% more than the national median of $74,180.

Frequently Asked Questions

What is the average salary for a Loan Officers in Rochester, MN?
The median annual salary for Loan Officers in Rochester, MN is $81,280, according to Bureau of Labor Statistics data from 2024. This is 9.6% higher than the national median.
What is the starting salary for Loan Officers in Rochester, MN?
Entry-level Loan Officers positions in Rochester, MN typically start around $56,180 to $67,660 annually (10th to 25th percentile).
How much can experienced Loan Officerss make in Rochester, MN?
Experienced Loan Officerss in Rochester, MN can earn $116,800 to $149,760 annually (75th to 90th percentile).
How does Loan Officers salary in Rochester, MN compare to the national average?
Loan Officerss in Rochester, MN earn 9.6% more than the national median of $74,180.

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