Junior Mortgage Banker Salary in Minnesota Comparison by Location
Nationwide
United States
$39,370
Minnesota
United States
$40,287
How much does a Junior Mortgage Banker earn in Minnesota
As of April 01, 2025, a Junior Mortgage Banker in Minnesota earns
an average salary of $40,287 per year.
A Junior Mortgage Banker's salary in Minnesota can be paid hourly,
weekly or monthly depending on the company and job type.
Most part-time jobs will be paid hourly or weekly.
Using the salary calculator,
the average pay comes out to be about $19 an hour
or $775/week
or $3,357/month.
The average salary of a Junior Mortgage Banker ranges
from $36,623 to $45,090.
The average salary range for a Junior Mortgage Banker varies widely,
which indicates that there are many opportunities for advancement, promotions, and salary increases.
These opportunities depend on many factors, including skills, education, certifications, location, and years of experience.
Minnesota is ranked 12th out of 51 states nationwide for Junior Mortgage Banker salaries.
Salary.com helps you determine your exact pay target by estimating the most accurate annual salary range for Junior Mortgage Banker jobs,
with more online, real-time compensation data than any other website.
What is the Average Junior Mortgage Banker Salary by City in Minnesota?
Below is a list of the average salaries for a Junior Mortgage Banker in 10 cities in Minnesota.
We've identified 114 cities where the typical salary for
a Junior Mortgage Banker job is above the average in Minnesota.
The top-paid city for Junior Mortgage Banker is Hopkins
and the average salary for a Junior Mortgage Banker job is earned $41,204
which is higher than the average in Minnesota.
This is followed by Mendota and Minneapolis in second and third places,
which beat the average in Minnesota
by $917(2.28%)
and $917(2.28%) respectively. In fourth place is Minnetonka with a salary of $41,204,
which is higher than the Minnesota average salary. Saint Paul and Osseo continue the rankings.
Based on the summary of average salaries paid by cities in Minnesota,
the Junior Mortgage Banker job market in Hopkins is relatively active
with a higher salary paid to compare to other cities in Minnesota.
Finally, Junior Mortgage Banker jobs pay differently by city, even if they are in Minnesota.
The cost of living might be a key factor when considering the location and salary of a Junior Mortgage Banker position.
CITY
Annual Salary
Monthly Pay
Weekly Pay
Hourly Wage
Hopkins
$41,204
$3,434
$792
$20
Mendota
$41,204
$3,434
$792
$20
Minneapolis
$41,204
$3,434
$792
$20
Minnetonka
$41,204
$3,434
$792
$20
Saint Paul
$41,204
$3,434
$792
$20
Osseo
$41,181
$3,432
$792
$20
Circle Pines
$41,157
$3,430
$791
$20
Wayzata
$41,157
$3,430
$791
$20
Eden Prairie
$41,133
$3,428
$791
$20
Navarre
$41,133
$3,428
$791
$20
What Similar Jobs are Paid to Junior Mortgage Banker in Minnesota?
There are 11 jobs that we find are related to the Junior Mortgage Banker job category,these similar jobs include Mortgage Banker,Junior Banker,Private Mortgage Banker,Mortgage Banker Assistant,Senior Mortgage Banker,Executive Mortgage Banker,Junior Investment Banker,Junior Mortgage Consultant,Junior Mortgage Processor,Junior Mortgage Underwriter,and Junior Mortgage Loan Officer.
All of these 11 jobs are paid
between $37,081 to $119,101,
and the Mortgage Banker gets the highest paid with $119,101 from them.
Those similar job salaries are paid differently by many factors such as company size, department base, responsibility, and others.
If you're qualified to be hired for one of these similar jobs to the Junior Mortgage Banker,
you could refer to the below list of job salaries based on market prices in Minnesota.