Job Salary Guide · 2026
Loan Officer Salary After Tax in Rochester
Based on BLS OEWS data · MN · Single filer
Loan Officer Salary Range
25th Percentile
$50,000
Take-home:
$39,273
$3,273/mo
Entry to mid-level
Median
$70,000
Take-home:
$53,331
$4,444/mo
Typical salary
75th Percentile
$110,000
Take-home:
$78,688
$6,557/mo
Senior / specialist
Tax Breakdown
At median salary of $70,000
Cost of Living in Rochester
1BR Monthly Rent
$1,150/mo
2BR Monthly Rent
$1,450/mo
COL Index
0.95
Comfortable Rent Max
$1,111/mo
50 / 30 / 20 Budget Planner
Based on your monthly take-home of $4,444 ($53,328/yr)
$2,222
per month
- ›Rent / mortgage
- ›Groceries
- ›Utilities
- ›Insurance
- ›Minimum debt payments
- ›Transportation
$1,333
per month
- ›Dining out
- ›Streaming services
- ›Gym
- ›Hobbies
- ›Travel
- ›Shopping
$889
per month
- ›Emergency fund
- ›401(k) / IRA
- ›Investments
- ›Down payment fund
- ›Debt payoff (extra)
Needs / year
$26,664
Wants / year
$15,998
Savings / year
$10,666
Loan Officer Salary in Other Cities
Frequently Asked Questions
What is the average Loan Officer salary in Rochester?
The median Loan Officer salary in Rochester (MN) is $70,000 per year based on BLS OEWS data. The 25th percentile is $50,000 and the 75th percentile is $110,000.
What is the take-home pay for a Loan Officer in Rochester?
At the median salary of $70,000, a Loan Officer in MN takes home approximately $53,331 per year ($4,444/month) after federal and state taxes. The effective tax rate is 23.81%.
Can a Loan Officer afford rent in Rochester?
The average 1-bedroom rent in Rochester is $1,150/month. On the median Loan Officer salary, your rent-to-income ratio is 25.9%, which is "Moderate". Financial experts recommend keeping rent below 25–30% of take-home pay ($1,111/month at this salary).
How does cost of living affect Loan Officer salaries in Rochester?
Rochester has a cost-of-living index of 0.95 (1.00 = national average). Rochester is 5% cheaper than the US average, so the Loan Officer salary goes further here than in high-cost metros.