Business & Finance Saint Paul, MN Pop. 311,527

Loan Officer Salary in Saint Paul, Minnesota

The median loan officer salary in Saint Paul, MN is $67,055 per year, which is 2.0% above the national median and 3.0% above the Minnesota state average.

City Median
$67,055
vs State Avg
+$1,972
vs National
+$1,315
Cost of Living
100%

Loan Officer Salary in Saint Paul by Experience

In Saint Paul, an entry-level loan officer earns around $38,760, while experienced professionals earn up to $132,600 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$38,760
+$760 vs national
Mid Level (3-7 yrs)
$67,320
+$1,320 vs national
Senior Level (8+ yrs)
$132,600
+$2,600 vs national

Salary Percentiles in Saint Paul, MN

Percentile Saint Paul
10th Percentile $35,904
25th Percentile $46,308
Median (50th) $67,055
75th Percentile $102,000
90th Percentile $156,876

Loan Officer Salary in Other Minnesota Cities

Minneapolis, MN
$70,342
Pop. 429,954
Bloomington, MN
$68,370
Pop. 89,987
Rochester, MN
$65,740
Pop. 121,395
Duluth, MN
$60,481
Pop. 90,884

How to Become a Loan Officer in Saint Paul

Education

Most loan officer positions require a bachelor's degree. Saint Paul and the surrounding Minnesota area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Saint Paul may vary based on local industry and population growth.

Find Loan Officer Jobs in Saint Paul

Browse open loan officer positions in Saint Paul, MN:

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Frequently Asked Questions: Loan Officer Salary in Saint Paul

How much does a Loan Officer make in Saint Paul, MN? ▼
The median loan officer salary in Saint Paul, Minnesota is $67,055 per year, which is 2.0% above the national median of $65,740. Salaries range from $35,904 (10th percentile) to $156,876 (90th percentile).
How much does a Loan Officer make per hour in Saint Paul? ▼
Based on the median annual salary of $67,055, a loan officer in Saint Paul earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Saint Paul compare to the Minnesota state average for loan officer pay? ▼
Saint Paul's median loan officer salary of $67,055 is 3.0% above the Minnesota state average of $65,083. The local cost of living index is 100% of the national average.
What is the cost of living in Saint Paul, MN? ▼
Saint Paul has a cost of living index of 100% compared to the national average. This means a loan officer salary of $67,055 in Saint Paul has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Saint Paul? ▼
Most loan officer positions in Saint Paul require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.