Loan Officer Salary in Minneapolis, Minnesota
The median loan officer salary in Minneapolis, MN is $70,342 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.
Loan Officer Pay in Minneapolis: What to Expect (2026)
Minneapolis offers a median loan officer salary of $70,342, which is $5,259 above the Minnesota state average of $65,083. Compared to the national median of $65,740, Minneapolis pays above average for this role.
Minneapolis's cost of living is 105% 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 Minneapolis spans from $37,664 at the 10th percentile to $164,566 at the 90th percentile — a $126,902 spread. Entry-level professionals start around $40,660, while senior loan officers with 8+ years of experience can earn up to $139,100. With a population of 429,954, Minneapolis is a mid-sized metro with a growing job market.
Loan Officer Salary in Minneapolis by Experience
In Minneapolis, an entry-level loan officer earns around $40,660, while experienced professionals earn up to $139,100 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Minneapolis, MN
| Percentile | Minneapolis |
|---|---|
| 10th Percentile | $37,664 |
| 25th Percentile | $48,578 |
| Median (50th) | $70,342 |
| 75th Percentile | $107,000 |
| 90th Percentile | $164,566 |
Loan Officer Salary in Other Minnesota Cities
How to Become a Loan Officer in Minneapolis
Education
Most loan officer positions require a bachelor's degree. Minneapolis 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 Minneapolis may vary based on local industry and population growth.
Find Loan Officer Jobs in Minneapolis
Browse open loan officer positions in Minneapolis, MN: