Loan Officer Salary in Minneapolis, MN
2024 BLS OEWS Data · Finance · COL Index: 106.2
$91,900
Median Salary
$101,280
Mean Salary
$86,535
COL-Adjusted
4,360
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $57,650 | $54,284 |
| 25th Percentile | $72,440 | $68,211 |
| 50th Percentile (Median) | $91,900 | $86,535 |
| 75th Percentile | $122,280 | $115,141 |
| 90th Percentile (Top Earners) | $162,480 | $152,994 |
What Drives the Range
The $104,830 spread between the 10th and 90th percentiles for Loan Officer positions in Minneapolis, MN reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Minneapolis, MN's cost-of-living index of 106.2 means that a $91,900 median salary here has the same purchasing power as $86,535 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.