Loan Officers pay range in Rochester
New workers and the lowest-paid 10% earn about $61,040 a year or less, while the top 10% make $167,470 or more. The middle half of loan officers in Rochester earn between $73,360 and $127,960.
- $61K10th
- $73K25th
- $98KMedian
- $128K75th
- $167K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $104,910 | $8,742 | $50.44 |
| Median | $98,110 | $8,176 | $47.17 |
| Entry level (25th percentile) | $73,360 | $6,113 | $35.27 |
| Experienced (75th percentile) | $127,960 | $10,663 | $61.52 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Rochester vs. Minnesota and the U.S.
Loan officers in Rochester earn about the same as the Minnesota average ($104,700) and 20% more than the U.S. average ($87,790). At the median the gap is +28% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Rochester | $104,910 | $98,110 | $61,040 | $167,470 | 170 |
| 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 Rochester
On the average salary of $104,910, a single filer in Rochester takes home about $77,024 a year, or $6,419 a month and $2,962 every two weeks. Taxes take 27% 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 Rochester a good place for loan officers? Pay vs. cost of living
Prices in the Rochester area are 9% below the U.S. average (BEA price parity 90.8), so the average $104,910 buys what about $115,513 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Rochester ($60,620). A typical home costs $343,121, or 3.3 years of this average salary before tax.
Loan Officers salary in other Minnesota cities
Rochester ranks 2nd 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
Does this match what you are paid?
Anonymous, no account. Results update as visitors answer.
Share your pay anonymously
Loan Officers salary in Rochester: questions
How much do loan officers make an hour in Rochester?
$50.44 an hour on average, and $47.17 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Rochester?
The lowest-paid 10% earn about $61,040 a year and the 25th percentile is $73,360, a fair guide to starting pay.
What is the loan officers take-home pay in Rochester?
About $77,024 a year ($6,419 a month) for a single filer on the average salary of $104,910. Minnesota Paid Leave premiums are not included.
Do loan officers earn more in Rochester than elsewhere?
The average here is 20% 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 Rochester, MN (40340). Relative standard error of the mean wage: 4.2%.
- 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 0.79, this job is less common than in the U.S. overall (location quotient 0.79).
Read the full methodology. Spotted an error? Tell us.