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Loan Officers average salary by city in Minnesota
- Minneapolis$110,870
- Rochester$104,910
- Mankato$101,670
- St. Cloud$98,860
- Duluth$83,980
Pay, take-home pay and cost of living
| City | Average | Median | 25th pct. | Take-home* | Cost of living |
|---|---|---|---|---|---|
| Minneapolis | $110,870 | $102,200 | $77,410 | $80,811 | 105 |
| Rochester | $104,910 | $98,110 | $73,360 | $77,024 | 91 |
| Mankato | $101,670 | $94,850 | $68,440 | $74,965 | 91 |
| St. Cloud | $98,860 | $92,570 | $64,110 | $73,179 | 88 |
| Duluth | $83,980 | $73,240 | $58,590 | $63,723 | 89 |
*Average salary after federal and state taxes for a single filer; Minnesota Paid Leave premiums are not included. Cost of living: BEA price parity, U.S. = 100.
Loan Officers salary in other states
More about pay in Minnesota
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
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