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Loan Officer Salary Information in North Dakota

The average annual and hourly salaries for loan officers in the state of North Dakota are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among North Dakota metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in North Dakota

Percentile BracketAverage Annual Salary
10th Percentile Wage
$42,150
25th Percentile Wage
$50,660
50th Percentile Wage
$66,120
75th Percentile Wage
$85,360
90th Percentile Wage
$106,620

Table 1 shows the average annual salary for loan officers in North Dakota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $106,620. The median (50th percentile) annual salary is $66,120. The average annual salary for the bottom 10 percent is $42,150.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$66,120
0.88% 16.36%
2016
$65,540
-1.95% -
2015
$66,820
4.71% -
2014
$63,670
10.93% -
2013
$56,710
2.49% -
2012
$55,300
- -

Table 3. Median Annual Salary of Loan Officers in North Dakota Cities

Table 3 shows the median annual salary of loan officers in some North Dakota cities and metropolitan areas. We note that the median annual salary of loan officers in state of North Dakota ranges from $60,470 to $74,520. The highest paying area for loan officers in North Dakota is West Central North Dakota nonmetropolitan area with a median annual salary of $74,520. The second highest paying city/area in North Dakota State is Far Western North Dakota nonmetropolitan area (mean annual salary $70,880). The lowest paying area is Grand Forks with a median annual salary of $60,470.

Cities/Areas Median Annual Salary
West Central North Dakota nonmetropolitan area
$74,520
Far Western North Dakota nonmetropolitan area
$70,880
Far Eastern North Dakota nonmetropolitan area
$68,240
Fargo
$65,330
Bismarck
$63,440
East Central North Dakota nonmetropolitan area
$62,260
Grand Forks
$60,470




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