Loan Officer Salary in North Dakota
Based on 1K+ workers in North Dakota
Median Annual Salary (ND)
$84,650
$40.70/hr
vs National Average
$76,354
+10.9% vs national median
Salary Range (10th–90th)
$58K – $147K
1K employed in North Dakota
Curious about the Loan Officer salary in North Dakota? The median annual salary for this role in the state is $84,650, which is notably 11% above the national average. This figure represents the midpoint of earnings, with a typical range from $58,010 to $146,640. Currently, there are approximately 1,370 individuals employed as Loan Officers in North Dakota.
Several factors can influence a Loan Officer salary in North Dakota. Experience level is a significant driver, with more seasoned professionals generally commanding higher pay. Location within the state, as well as the size and type of financial institution, can also play a role, along with specialized certifications or a proven track record of successful loan origination and management.
Salary Distribution — Loan Officer in North Dakota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $58,010 |
| 25th percentile | $63,320 |
| Median (50th percentile) | $84,650 |
| 75th percentile | $102,540 |
| 90th percentile | $146,640 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in North Dakota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in North Dakota vs National
| Year | Median Salary (North Dakota) |
|---|---|
| 2022 | $79,110 |
| 2023 | $86,440 |
| 2024 | $82,990 |
| 2025 | $84,650 |
| 2026 (projected) | $86,343 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | North Dakota Median | National Median |
|---|---|---|
| 2022 | $79,110 | $68,453 |
| 2023 | $86,440 | $70,692 |
| 2024 | $82,990 | $73,485 |
| 2025 | $84,650 | $76,354 |
| 2026 (projected) | $86,343 | $77,881 |
Loan Officer Salary by Experience Level in North Dakota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $63,320 |
| Mid-level | 3-5 yrs | $84,650 |
| Senior | 6-9 yrs | $102,540 |
| Staff / Lead | 10+ yrs | $146,640 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in North Dakota
How other high-demand occupations in North Dakota compare to Loan Officer ($84,650 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in ND | $135,890 | +60.5% | $65.33/hr |
| Financial Examiner in ND | $82,640 | -2.4% | $39.73/hr |
| Compliance Officer in ND | $79,440 | -6.2% | $38.19/hr |
| Tax Examiner in ND | $78,260 | -7.5% | $37.63/hr |
| Financial Analyst in ND | $78,170 | -7.7% | $37.58/hr |
| Budget Analyst in ND | $77,400 | -8.6% | $37.21/hr |
| Personal Financial Advisor in ND | $76,870 | -9.2% | $36.96/hr |
| Accountant in ND | $75,730 | -10.5% | $36.41/hr |
| Credit Analyst in ND | $74,810 | -11.6% | $35.97/hr |
| Insurance Sales Agent in ND | $71,220 | -15.9% | $34.24/hr |
| Securities Sales Agent in ND | $63,670 | -24.8% | $30.61/hr |
| Environmental Scientist in ND | $84,570 | -0.1% | $40.66/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in North Dakota?
- The median salary for Loan Officers in North Dakota is $84,650 per year, which breaks down to about $41 per hour. This is 10.9% higher than the national average salary for this role.
How much can a Loan Officer in North Dakota expect to make?
- The salary range for Loan Officers in North Dakota is quite broad, from $58,010 on the lower end to $146,640 at the top. The median earning is $84,650 annually.
Is the salary for Loan Officers in North Dakota higher than the national average?
- Yes, Loan Officers in North Dakota earn more than the national average. Their median salary of $84,650 per year is approximately 10.9% higher than what loan officers earn nationwide.
What is the typical hourly wage for a Loan Officer in North Dakota?
- Loan Officers in North Dakota typically earn around $41 per hour, translating to a median annual salary of $84,650. This hourly rate reflects the higher earning potential compared to the national median.