Loan Officer Salary in Rochester, Minnesota
The median loan officer salary in Rochester, MN is $65,740 per year, which is 0.0% above the national median and 1.0% above the Minnesota state average.
Loan Officer Pay in Rochester: What to Expect (2026)
Rochester offers a median loan officer salary of $65,740, which is $657 above the Minnesota state average of $65,083. Compared to the national median of $65,740, Rochester pays above average for this role.
Rochester's cost of living is 98% 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 Rochester spans from $35,200 at the 10th percentile to $153,800 at the 90th percentile — a $118,600 spread. Entry-level professionals start around $38,000, while senior loan officers with 8+ years of experience can earn up to $130,000. With a population of 121,395, Rochester is a mid-sized metro with a growing job market.
Loan Officer Salary in Rochester by Experience
In Rochester, an entry-level loan officer earns around $38,000, while experienced professionals earn up to $130,000 per year. The local cost of living index is 98% of the national average.
Salary Percentiles in Rochester, MN
| Percentile | Rochester |
|---|---|
| 10th Percentile | $35,200 |
| 25th Percentile | $45,400 |
| Median (50th) | $65,740 |
| 75th Percentile | $100,000 |
| 90th Percentile | $153,800 |
Loan Officer Salary in Other Minnesota Cities
How to Become a Loan Officer in Rochester
Education
Most loan officer positions require a bachelor's degree. Rochester 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 Rochester may vary based on local industry and population growth.
Find Loan Officer Jobs in Rochester
Browse open loan officer positions in Rochester, MN: