Loan Officer Salary in Duluth, Minnesota
The median loan officer salary in Duluth, MN is $60,481 per year, which is 8% below the national median and 7.1% below the Minnesota state average.
Loan Officer Pay in Duluth: What to Expect (2026)
Duluth offers a median loan officer salary of $60,481, which is $4,602 below the Minnesota state average of $65,083. Compared to the national median of $65,740, Duluth pays below the national benchmark for this role.
Duluth's cost of living is 90% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Duluth spans from $32,384 at the 10th percentile to $141,496 at the 90th percentile — a $109,112 spread. Entry-level professionals start around $34,960, while senior loan officers with 8+ years of experience can earn up to $119,600. Duluth is a smaller market (pop. 90,884), which may mean fewer openings but also less competition for available positions.
Loan Officer Salary in Duluth by Experience
In Duluth, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 90% of the national average.
Salary Percentiles in Duluth, MN
| Percentile | Duluth |
|---|---|
| 10th Percentile | $32,384 |
| 25th Percentile | $41,768 |
| Median (50th) | $60,481 |
| 75th Percentile | $92,000 |
| 90th Percentile | $141,496 |
Loan Officer Salary in Other Minnesota Cities
How to Become a Loan Officer in Duluth
Education
Most loan officer positions require a bachelor's degree. Duluth and the surrounding Minnesota area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Duluth may vary based on local industry and population growth.
Find Loan Officer Jobs in Duluth
Browse open loan officer positions in Duluth, MN: