Loan Interviewers and Clerks Salary
Loan Interviewers and Clerks in Minnesota make a median of $51,760 a year, or about $24.88 an hour. The range runs from $39K at the entry level to $72K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $55,896 in buying power. A 2-bedroom apartment runs $1,384/month, about 41% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $52K get you in Minnesota?
About loan interviewers and clerks
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What this looks like in Minnesota
Loan interviewers and clerks pay in Minnesota tracks closely to the national median, $52K locally vs. $50K nationwide, a 3% difference. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,384/month, which is 40% of the median worker's take-home, past the 30% guideline most planners use. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level loan interviewers and clerks (10th percentile) start around $39K. Mid-career wages sit at $52K. Top earners bring in $72K or more, a $33K spread from bottom to top.
Loan Interviewers and Clerks salary by metro in Minnesota
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $56K | +7% | 1,650 |
| Rochester | $55K | +6% | 60 |
| St. Cloud | $50K | -3% | 170 |
| Duluth | $50K | -4% | 120 |
| Mankato | $49K | -5% | 50 |
Compare to other states
Track loan interviewers and clerks salary changes
BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
Can a loan interviewers and clerk afford a 2BR apartment alone in Minnesota?
It’s a stretch — at the median salary of $52K, rent takes 40% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. The 30% guideline puts the comfortable ceiling at roughly $1,000/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan interviewers and clerks in Minnesota?
The 10th-percentile wage — what new loan interviewers and clerks typically earn — is $39K/year. Take-home on that works out to about $2,353/month. At HUD’s $1,384/month FMR, rent would take 59% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan interviewers and clerk a high-paying job in Minnesota?
Pay here is roughly in line with the national average — $52K locally vs. $50K nationally, a 3% difference.
How does Minnesota compare to the national average for loan interviewers and clerks?
Minnesota pays $52K median vs. the U.S. average of $50K — that’s +3%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $56K — still ahead of the national median.
How much do loan interviewers and clerks make in Minnesota?
The median is $51,760 a year, that works out to about $25 an hour. But the range is wide: entry-level workers start around $39,210, and experienced loan interviewers and clerks can clear $71,720. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $52K enough to live in Minnesota?
On that salary, you'd take home roughly $3,461/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 40% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan interviewers and clerks salary go in Minnesota?
Minnesota has a Regional Price Parity of 92.6 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan interviewers and clerks salary is worth about $55,896 in national-average purchasing power.
Where do loan interviewers and clerks get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.