Loan Officers pay range in Duluth
New workers and the lowest-paid 10% earn about $47,640 a year or less, while the top 10% make $153,870 or more. The middle half of loan officers in Duluth earn between $58,590 and $98,220.
- $48K10th
- $59K25th
- $73KMedian
- $98K75th
- $154K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $83,980 | $6,998 | $40.38 |
| Median | $73,240 | $6,103 | $35.21 |
| Entry level (25th percentile) | $58,590 | $4,882 | $28.17 |
| Experienced (75th percentile) | $98,220 | $8,185 | $47.22 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Duluth vs. Minnesota and the U.S.
Loan officers in Duluth earn 20% less than the Minnesota average ($104,700) and 4% less than the U.S. average ($87,790). At the median the gap is -4% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Duluth | $83,980 | $73,240 | $47,640 | $153,870 | 200 |
| Minnesota | $104,700 | $95,170 | $57,670 | $163,350 | 6,430 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Duluth
On the average salary of $83,980, a single filer in Duluth takes home about $63,723 a year, or $5,310 a month and $2,451 every two weeks. Taxes take 24% of gross pay.
The Duluth, MN-WI metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in WI | $64,433 | $5,369 |
| Working in MN | $63,723 | $5,310 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
Is Duluth a good place for loan officers? Pay vs. cost of living
Prices in the Duluth area are 11% below the U.S. average (BEA price parity 88.8), so the average $83,980 buys what about $94,606 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Duluth ($50,000). A typical home costs $264,350, or 3.1 years of this average salary before tax.
Loan Officers salary in other Minnesota cities
Duluth ranks 5th of 5 Minnesota metro areas for this job; Minneapolis pays the most ($110,870).
- Minneapolis$110,870
- Rochester$104,910
- Mankato$101,670
- St. Cloud$98,860
- Duluth$83,980
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Duluth: questions
How much do loan officers make an hour in Duluth?
$40.37 an hour on average, and $35.21 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Duluth?
The lowest-paid 10% earn about $47,640 a year and the 25th percentile is $58,590, a fair guide to starting pay.
What is the loan officers take-home pay in Duluth?
About $63,723 a year ($5,310 a month) for a single filer on the average salary of $83,980. Minnesota Paid Leave premiums are not included.
Do loan officers earn more in Duluth than elsewhere?
The average here is 4% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Duluth, MN-WI (20260). Relative standard error of the mean wage: 4.3%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
- Job concentration: location quotient 0.90, this job is about as common as in the U.S. overall.
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