Loan Officers in the Rochester Metro

BLS metro-level wage data places Loan Officers pay in Rochester, MN at a median of $98,110 per year ($47.17/hr), drawn from the OEWS May 2025 release for this Metropolitan Statistical Area. Compared with the national median of $76,690, the metro estimate is +28% above. OEWS reports the difference but does not identify its cause. Approximately 170 loan officers are employed across the Rochester MSA in SOC 13-2072.

The Rochester pay distribution spans from $61,040 at the 10th percentile to $167,470 at the 90th, a 2.7× observed spread. Differences in specialization, employer, sector, location, credentials, schedule, and experience may all contribute, but OEWS does not isolate their effects. The 25th percentile sits at $73,360 and the 75th at $127,960, so half of Rochester-based loan officers earn within that middle band.

Metro figures use establishment work location, not worker residence. BLS draws metro boundaries from the OMB MSA definitions, so Rochester, MN covers the central city plus outlying counties tied to the metro economically. OEWS includes straight-time pay, tips, commissions, incentive pay, and production bonuses. It excludes employer health and retirement benefits, overtime premiums, stock compensation, signing bonuses, and other nonproduction bonuses. The same occupation's national profile, statewide MN estimate, and peer-metro rows provide distinct geographic comparisons. A published median is a benchmark, not a prediction or ceiling for one worker.