Loan Officer salary in St. Cloud, MN
Loan Officers in the St. Cloud, MN metro area earn a median of $92,570 a year ($44.51 an hour), based on BLS data for 300 workers.
Pay ranges from $55,730 for the lowest-paid 10% to $160,200 for the top 10%. That is 21% higher than the national median of $76,690. Pay here is 3% lower than the Minnesota statewide median of $95,170. There are 2.9 loan officers per 1,000 jobs here — the job is 1.6× more common than nationally. The average (mean) salary is $98,860, above the median because a few high earners pull it up.
Pay range for loan officers in St. Cloud, MN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $55,730 | $26.79 |
| 25th percentile | $64,110 | $30.82 |
| Median | $92,570 | $44.51 |
| 75th percentile | $125,650 | $60.41 |
| 90th percentile (top earners) | $160,200 | $77.02 |
| Average (mean) | $98,860 | $47.53 |
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 | $7,714.17 |
| Semi-monthly (24 a year) | $3,857.08 |
| Biweekly (26 a year) | $3,560.38 |
| Weekly | $1,780.19 |
| Hourly | $44.51 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
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 |
| Sioux Falls, SD-MN | $81,380 | 690 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Duluth, MN-WI | $73,240 | 200 |
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 St. Cloud, MN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,720 | $37.37 |
| Personal Financial Advisor | $77,530 | $37.27 |
| Financial and Investment Analysts | $95,230 | $45.79 |
| Credit Analyst | $74,170 | $35.66 |
| Property Appraisers and Assessors | $80,510 | $38.71 |
| Tax Preparer | $59,290 | $28.51 |
| Human Resources Specialist | $74,710 | $35.92 |
| Business Operations Specialists, All Other | $66,620 | $32.03 |
| Project Management Specialist | $96,390 | $46.34 |
| Market Research Analysts and Marketing Specialists | $73,000 | $35.10 |
| Buyers and Purchasing Agents | $75,830 | $36.46 |
| Management Analyst | $94,590 | $45.47 |
| Training and Development Specialists | $72,160 | $34.69 |
| Compliance Officer | $75,500 | $36.30 |
More: Business and Financial Operations Occupations · all salaries in St. Cloud, MN
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 St. Cloud, MN?
The median salary for loan officers in the St. Cloud, MN metro area is $92,570 a year, or $44.51 an hour. Pay ranges from $55,730 for the lowest-paid 10% to $160,200 for the top 10%.
How much do the highest-paid loan officers make in St. Cloud, MN?
The top 10% of loan officers in the St. Cloud, MN metro area earn at least $160,200 a year. The top 25% earn $125,650 or more.
What is the starting pay for loan officers in St. Cloud, MN?
Entry-level pay (the 10th percentile) is about $55,730 a year, and a quarter of loan officers earn $64,110 or less.
How many loan officers work in St. Cloud, MN?
About 300 loan officers are employed in the St. Cloud, MN metro area, not counting the self-employed.