Minnesota employs 7,270 Loan Officers professionals, above the national average concentration.
Data: BLS OEWS 2024 • Minnesota employment outlook • Updated 2026-04-06
The location quotient (LQ) of 1.15 indicates that Minnesota has an average concentration of Loan Officers professionals, similar to the national average employment distribution.
Note: Location Quotient (LQ) is the ratio of the percentage of workers in an occupation in a given area to the percentage in that occupation nationwide. An LQ > 1.0 means above-average concentration; < 1.0 means below-average.
The average annual salary for a Loan Officers in Minnesota is $95,870. For a detailed breakdown by percentile, entry-level, median, and senior salaries, see the comprehensive salary guide below.
Minnesota employs approximately 7,270 Loan Officers professionals (2024 BLS data). This ranks Minnesota among the top states nationwide.
Yes — Minnesota has above-average concentration of Loan Officers jobs (LQ: 1.15). A Location Quotient above 1.0 indicates higher-than-average demand.
The average (mean) salary for Loan Officers in Minnesota is $95870/year. See our detailed salary page for percentile breakdowns.
Location Quotient measures how concentrated an occupation is in a state compared to the national average. LQ > 1.0 means the state has more of that job proportionally. LQ > 1.2 indicates strong demand.
The top state for Loan Officers employment is California with 30,520 jobs.
Employment and location quotient data sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) 2024. This data reflects total employment, jobs per 1,000 workers, location quotient, and average salary for Loan Officers (SOC 132072) in Minnesota.