Loan Officer salary in Duluth, MN-WI
Loan Officers in the Duluth, MN-WI metro area earn a median of $73,240 a year ($35.21 an hour), based on BLS data for 200 workers.
Pay ranges from $47,640 for the lowest-paid 10% to $153,870 for the top 10%. That is 4% lower than the national median of $76,690. Pay here is 23% lower than the Minnesota statewide median of $95,170. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $83,980, above the median because a few high earners pull it up.
Pay range for loan officers in Duluth, MN-WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $47,640 | $22.90 |
| 25th percentile | $58,590 | $28.17 |
| Median | $73,240 | $35.21 |
| 75th percentile | $98,220 | $47.22 |
| 90th percentile (top earners) | $153,870 | $73.98 |
| Average (mean) | $83,980 | $40.37 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,103.33 |
| Semi-monthly (24 a year) | $3,051.67 |
| Biweekly (26 a year) | $2,816.92 |
| Weekly | $1,408.46 |
| Hourly | $35.21 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $73,240 salary, see how much house you can afford in Minnesota at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | 3,910 |
| Rochester, MN | $98,110 | 170 |
| Mankato, MN | $94,850 | 130 |
| Fargo, ND-MN | $93,640 | 390 |
| Grand Forks, ND-MN | $92,820 | 100 |
| St. Cloud, MN | $92,570 | 300 |
| Milwaukee-Waukesha, WI | $83,660 | 1,180 |
| Racine-Mount Pleasant, WI | $82,400 | 130 |
| Sioux Falls, SD-MN | $81,380 | 690 |
| Wausau, WI | $80,080 | 130 |
| Appleton, WI | $79,650 | 180 |
| Fond du Lac, WI | $79,180 | 90 |
| Green Bay, WI | $78,920 | 240 |
| Madison, WI | $78,840 | 650 |
| Sheboygan, WI | $78,820 | 50 |
| Kenosha, WI | $77,860 | 60 |
| Janesville-Beloit, WI | $76,910 | 100 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Eau Claire, WI | $74,670 | 130 |
| Oshkosh-Neenah, WI | $63,600 | 280 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Minnesota statewide figures.
Related jobs in Duluth, MN-WI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,400 | $37.21 |
| Financial and Investment Analysts | $89,590 | $43.07 |
| Personal Financial Advisor | $80,480 | $38.69 |
| Property Appraisers and Assessors | $80,860 | $38.88 |
| Tax Examiners and Collectors, and Revenue Agents | $79,000 | $37.98 |
| Tax Preparer | $50,170 | $24.12 |
| Credit Counselor | $55,920 | $26.89 |
| Human Resources Specialist | $67,040 | $32.23 |
| Business Operations Specialists, All Other | $68,280 | $32.83 |
| Project Management Specialist | $96,550 | $46.42 |
| Management Analyst | $88,610 | $42.60 |
| Market Research Analysts and Marketing Specialists | $63,380 | $30.47 |
| Buyers and Purchasing Agents | $72,800 | $35.00 |
| Training and Development Specialists | $74,640 | $35.89 |
More: Business and Financial Operations Occupations · all salaries in Duluth, MN-WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Duluth, MN-WI?
The median salary for loan officers in the Duluth, MN-WI metro area is $73,240 a year, or $35.21 an hour. Pay ranges from $47,640 for the lowest-paid 10% to $153,870 for the top 10%.
How much do the highest-paid loan officers make in Duluth, MN-WI?
The top 10% of loan officers in the Duluth, MN-WI metro area earn at least $153,870 a year. The top 25% earn $98,220 or more.
What is the starting pay for loan officers in Duluth, MN-WI?
Entry-level pay (the 10th percentile) is about $47,640 a year, and a quarter of loan officers earn $58,590 or less.
How many loan officers work in Duluth, MN-WI?
About 200 loan officers are employed in the Duluth, MN-WI metro area, not counting the self-employed.