Loan Officer salary in Minot, ND
Loan Officers in the Minot, ND metro area earn a median of $79,720 a year ($38.33 an hour), based on BLS data for 100 workers.
Pay ranges from $59,390 for the lowest-paid 10% to $132,890 for the top 10%. That is 4% higher than the national median of $76,690. Pay here is 6% lower than the North Dakota statewide median of $84,650. There are 3.1 loan officers per 1,000 jobs here — the job is 1.8× more common than nationally. The average (mean) salary is $88,950, above the median because a few high earners pull it up.
Pay range for loan officers in Minot, ND
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $59,390 | $28.55 |
| 25th percentile | $62,280 | $29.94 |
| Median | $79,720 | $38.33 |
| 75th percentile | $99,040 | $47.62 |
| 90th percentile (top earners) | $132,890 | $63.89 |
| Average (mean) | $88,950 | $42.77 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,643.33 |
| Semi-monthly (24 a year) | $3,321.67 |
| Biweekly (26 a year) | $3,066.15 |
| Weekly | $1,533.08 |
| Hourly | $38.33 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Fargo, ND-MN | $93,640 | 390 |
| Grand Forks, ND-MN | $92,820 | 100 |
| Bismarck, ND | $83,380 | 220 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the North Dakota statewide figures.
Related jobs in Minot, ND
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $73,510 | $35.34 |
| Business Operations Specialists, All Other | $79,440 | $38.19 |
| Human Resources Specialist | $78,220 | $37.61 |
| Market Research Analysts and Marketing Specialists | $61,310 | $29.48 |
| Management Analyst | $84,320 | $40.54 |
| Project Management Specialist | $86,990 | $41.82 |
| Buyers and Purchasing Agents | $82,580 | $39.70 |
| Compliance Officer | $91,560 | $44.02 |
| Cost Estimator | $74,990 | $36.05 |
| Training and Development Specialists | $61,650 | $29.64 |
| Claims Adjusters, Examiners, and Investigators | $78,850 | $37.91 |
| Meeting, Convention, and Event Planners | $47,080 | $22.64 |
More: Business and Financial Operations Occupations · all salaries in Minot, ND
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Minot, ND?
The median salary for loan officers in the Minot, ND metro area is $79,720 a year, or $38.33 an hour. Pay ranges from $59,390 for the lowest-paid 10% to $132,890 for the top 10%.
How much do the highest-paid loan officers make in Minot, ND?
The top 10% of loan officers in the Minot, ND metro area earn at least $132,890 a year. The top 25% earn $99,040 or more.
What is the starting pay for loan officers in Minot, ND?
Entry-level pay (the 10th percentile) is about $59,390 a year, and a quarter of loan officers earn $62,280 or less.
How many loan officers work in Minot, ND?
About 100 loan officers are employed in the Minot, ND metro area, not counting the self-employed.