Salary comparison
Loan Officers: Enid vs Minneapolis
Enid, OK pays about 2.7% more for loan officers on paper — $104,990 vs $102,200. But once you factor in what it costs to live there, Enid comes out ahead by $2,790 a year in real buying power.
Enid, OK
$104,990
$71,230
$143,020
$50.48
100
$104,990/yr
Median adjusted for local cost of living.
Minneapolis, MN
$102,200
$77,410
$128,180
$49.13
100
$102,200/yr
Median adjusted for local cost of living.
What the numbers mean in practice
The headline gap is $2,790 a year (2.7%) in favor of Enid. That is the raw salary difference before any living costs.
Enid runs a cost index of 100 against the national baseline of 100; Minneapolis sits at 100. After adjusting the median for those costs, Enid is the better deal by $2,790 a year — that is what each paycheck actually buys locally.
If you are weighing a move from Minneapolis to Enid for this role, the raise needs to beat 2.7% to come out ahead after living costs. Anything below that and you are earning more on paper but keeping less.
Common questions
Where do loan officers earn more, Enid or Minneapolis?
Enid pays $104,990 on median — about 2.7% more than Minneapolis ($102,200). Based on BLS Occupational Employment and Wage Statistics.
Which city is the better deal after living costs?
Enid. Once you divide each median by the local cost index, Enid gives you roughly$104,990 of real buying power versus $102,200 in the other city.