Loan Officers pay range in Mankato
New workers and the lowest-paid 10% earn about $59,020 a year or less, while the top 10% make $158,390 or more. The middle half of loan officers in Mankato earn between $68,440 and $121,050.
- $59K10th
- $68K25th
- $95KMedian
- $121K75th
- $158K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $101,670 | $8,472 | $48.88 |
| Median | $94,850 | $7,904 | $45.60 |
| Entry level (25th percentile) | $68,440 | $5,703 | $32.90 |
| Experienced (75th percentile) | $121,050 | $10,088 | $58.20 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Mankato vs. Minnesota and the U.S.
Loan officers in Mankato earn about the same as the Minnesota average ($104,700) and 16% more than the U.S. average ($87,790). At the median the gap is +24% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Mankato | $101,670 | $94,850 | $59,020 | $158,390 | 130 |
| 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 Mankato
On the average salary of $101,670, a single filer in Mankato takes home about $74,965 a year, or $6,247 a month and $2,883 every two weeks. Taxes take 26% of gross 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.
Is Mankato a good place for loan officers? Pay vs. cost of living
Prices in the Mankato area are 9% below the U.S. average (BEA price parity 91.0), so the average $101,670 buys what about $111,781 would buy in a typical U.S. metro. This job pays 1.9 times the median wage of all jobs in Mankato ($49,530). A typical home costs $309,967, or 3.0 years of this average salary before tax.
Loan Officers salary in other Minnesota cities
Mankato ranks 3rd 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 Mankato: questions
How much do loan officers make an hour in Mankato?
$48.88 an hour on average, and $45.60 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Mankato?
The lowest-paid 10% earn about $59,020 a year and the 25th percentile is $68,440, a fair guide to starting pay.
What is the loan officers take-home pay in Mankato?
About $74,965 a year ($6,247 a month) for a single filer on the average salary of $101,670. Minnesota Paid Leave premiums are not included.
Do loan officers earn more in Mankato than elsewhere?
The average here is 16% more 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 Mankato, MN (31860). Relative standard error of the mean wage: 3.9%.
- 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 1.27, this job is 1.3 times as concentrated as in the U.S. overall.
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