Salaries › Loan Officer › Minnesota
Loan Officer Salary in Minnesota (2026)
$45.76 per hour · take-home ≈ $70,834/year ($5,903/month) for a single filer
Minnesota is among the top 5 highest-paying states for Loan Officers (4th of 51), with a median about 25% above the national average. Of the 6,430 Loan Officer jobs BLS counts in Minnesota, the typical worker earns $95,170 a year — though pay ranges from $57,670 for newcomers to $163,350 at the top.
Loan Officer pay range in Minnesota
| Percentile | Annual wage | Meaning |
| 10th percentile (entry) | $57,670 | Lowest-paid 10% earn less than this |
| 25th percentile | $73,240 | A quarter earn less |
| Median (50th) | $95,170 | Half earn more, half earn less |
| 75th percentile | $125,550 | Top quarter starts here |
| 90th percentile (top) | $163,350 | Highest-paid 10% earn more than this |
BLS reports 6,430 Loan Officer jobs in Minnesota (occupation code 13-2072, “Loan Officers”).
Gross vs. take-home in Minnesota
A median Loan Officer salary of $95,170 doesn’t all reach your bank account. After federal income tax, Social Security, and Medicare, plus Minnesota state income tax, a single filer keeps about $70,834 — an effective tax rate of 25.6%.
| Gross (median) | $95,170 |
| Federal income tax | −$12,107 |
| Social Security + Medicare | −$7,281 |
| Minnesota state income tax | −$4,948 |
| Take-home (annual) | $70,834 |
| Take-home (monthly) | $5,903 |
Want your exact numbers — married, 401(k), different salary? Use the free Minnesota paycheck calculator on PaycheckTally.
Frequently asked questions
- How much does a Loan Officer make in Minnesota?
- The median Loan Officer salary in Minnesota is $95,170 per year ($45.76 per hour) according to the latest BLS data. The middle 50% earn between $73,240 and $125,550.
- What is the take-home pay for a Loan Officer in Minnesota?
- On the median salary of $95,170, a single filer in Minnesota takes home about $70,834 per year ($5,903 per month) after federal tax, FICA, and state income tax — an effective tax rate of 25.6%.
- How many Loan Officer jobs are there in Minnesota?
- BLS counts 6,430 Loan Officer jobs in Minnesota in the latest survey (May 2025).
Top-paying states for Loan Officers
Other salaries in Minnesota
Sources and methodology
Wage and employment figures: BLS OEWS May 2025 (state file, released April 2026) — the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey, the most authoritative public salary dataset. Take-home estimate: 2026 federal brackets, FICA, and verified Minnesota state tax rules (single filer, standard deduction, no credits or local taxes). Estimates only — not financial advice.
- BLS OEWS — official occupational wage data.
- PaycheckTally — interactive 2026 take-home calculator for Minnesota.