Loan Officer salary in Minneapolis Metro Area, MN

Average salary
$72,500/yr
Based on 94 income tax records
Total salary range: is $53,000 - $128,500
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DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

greyed out histogram
Not enough histogram data
DATA PROVIDED BY turbotax icon

Based on income reported to the IRS in box 1 of W-2.

From consenting TurboTax customers

How much do Loan Officers make?
The average total salary for a Loan Officer is $72,500 per year. This is based on data from 94 TurboTax users who reported their job as Loan Officer and includes taxable wages, tips, bonuses, and more. Loan Officer salary can vary between $33,500 to $272,000 depending on factors including education, skills, experience, employer & location. Read more
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Loan Officer salary by location

Location
Average salary per year*
Salary range**
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Saint Paul, MN
19 income tax records
$69,000/yr
$49K – $141K
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Minneapolis, MN
22 income tax records
$66,000/yr
$50K – $96K
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Waterloo, IA
12 income tax records
$47,000/yr
$35K – $51K

Loan Officer salary by company

Employer
Average salary per year*
Salary range**

Loan Officer demographics in Minneapolis Metro Area, MN

single icon
55% are single
married icon
45% are married
have kids icon
53% have kids
own a home icon
69% own a home

Loan Officer salaries by age in Minneapolis Metro Area, MN

$0
$40,625
$81,250
$121,875
$162,500
18-25
26-35
36-45
46-55
56+
Years of age

Effective Tax Rates for Loan Officers in Minneapolis Metro Area, MN

94 full-time salaries from 2019
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FAQS
The average salary for a loan officer in Minneapolis Metro Area, MN is $72,500 per year. Loan officer salaries in Minneapolis Metro Area, MN can vary between $33,500 to $272,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

This data is exclusive to Mint Salary and is based on 94 tax returns from TurboTax customers who reported their occupation as loan officer.

The following cities offer the highest salaries for loan officers near Minneapolis Metro Area, MN: Saint Paul, MN ($69,000 a year), Minneapolis, MN ($66,000 a year), and Waterloo, IA ($47,000 a year).
*
Total salary amounts here include total taxable wages, tips, prizes and other compensation. Salaries here are not representative of the total population and may reflect different levels of experience or education. Learn more
**
Total salary ranges shown here exclude outliers.