Loan Officer salary in North Dakota
Loan Officers in North Dakota earn a median of $84,650 a year ($40.70 an hour), based on BLS data for 1,370 workers.
Pay ranges from $58,010 for the lowest-paid 10% to $146,640 for the top 10%. That is 10% higher than the national median of $76,690. North Dakota ranks 11th of 51 states for loan officers pay. There are 3.2 loan officers per 1,000 jobs here — the job is 1.8× more common than nationally. The average (mean) salary is $91,760, above the median because a few high earners pull it up.
Pay range for loan officers in North Dakota
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,010 | $27.89 |
| 25th percentile | $63,320 | $30.44 |
| Median | $84,650 | $40.70 |
| 75th percentile | $102,540 | $49.30 |
| 90th percentile (top earners) | $146,640 | $70.50 |
| Average (mean) | $91,760 | $44.12 |
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 | $7,054.17 |
| Semi-monthly (24 a year) | $3,527.08 |
| Biweekly (26 a year) | $3,255.77 |
| Weekly | $1,627.88 |
| Hourly | $40.70 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in North Dakota
| Metro area | Median salary | Workers |
|---|---|---|
| Fargo, ND-MN | $93,640 | 390 |
| Grand Forks, ND-MN | $92,820 | 100 |
| Bismarck, ND | $83,380 | 220 |
| Minot, ND | $79,720 | 100 |
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 |
Related jobs in North Dakota
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,730 | $36.41 |
| Personal Financial Advisor | $76,870 | $36.96 |
| Credit Analyst | $74,810 | $35.96 |
| Financial and Investment Analysts | $78,170 | $37.58 |
| Property Appraisers and Assessors | $65,210 | $31.35 |
| Financial Examiner | $82,640 | $39.73 |
| Tax Preparer | $57,060 | $27.43 |
| Insurance Underwriter | $74,130 | $35.64 |
| Budget Analyst | $77,400 | $37.21 |
| Financial Specialists, All Other | $78,260 | $37.63 |
| Financial Risk Specialist | $74,630 | $35.88 |
| Tax Examiners and Collectors, and Revenue Agents | $72,230 | $34.73 |
| Credit Counselor | $52,220 | $25.11 |
| Project Management Specialist | $96,160 | $46.23 |
More: Business and Financial Operations Occupations · all salaries in North Dakota
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 North Dakota?
The median salary for loan officers in North Dakota is $84,650 a year, or $40.70 an hour. Pay ranges from $58,010 for the lowest-paid 10% to $146,640 for the top 10%.
How much do the highest-paid loan officers make in North Dakota?
The top 10% of loan officers in North Dakota earn at least $146,640 a year. The top 25% earn $102,540 or more.
What is the starting pay for loan officers in North Dakota?
Entry-level pay (the 10th percentile) is about $58,010 a year, and a quarter of loan officers earn $63,320 or less.
How many loan officers work in North Dakota?
About 1,370 loan officers are employed in North Dakota, not counting the self-employed.