Loan Officers Salary
Loan Officers in North Dakota make a median of $84,650 a year, or about $40.7 an hour. The range runs from $58K at the entry level to $147K for experienced workers. Cost of living is below average (RPP 88.89), which stretches that salary to about $95,230 in buying power. Rent on a 2-bedroom averages $1,034/month, or 19% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across North Dakota. Jump to a metro for precise data:
So what does $85K get you in North Dakota?
About loan officers
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What this looks like in North Dakota
Loan officers pay in North Dakota tracks closely to the national median, $85K locally vs. $77K nationwide, a 10% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,034/month, 18.7% of take-home, well inside the 30% guideline. Regional Price Parity sits at 88.89 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, North Dakota
Entry-level loan officers (10th percentile) start around $58K. Mid-career wages sit at $85K. Top earners bring in $147K or more, a $89K spread from bottom to top.
Loan Officers salary by metro in North Dakota
4 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Fargo | $94K | +11% | 390 |
| Grand Forks | $93K | +10% | 100 |
| Bismarck | $83K | -2% | 220 |
| Minot | $80K | -6% | 100 |
Compare to other states
Track loan officers salary changes
BLS updates this data quarterly. We'll email you when North Dakota numbers change.
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in North Dakota?
Yes — at the median salary of $85K, rent takes 18.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,034/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan officers in North Dakota?
The 10th-percentile wage — what new loan officers typically earn — is $58K/year. Take-home on that works out to about $3,481/month. At HUD’s $1,034/month FMR, rent would take 30% of that take-home — manageable on an entry-level income.
Is loan officer a high-paying job in North Dakota?
Pay here is roughly in line with the national average — $85K locally vs. $77K nationally, a 10% difference.
How does North Dakota compare to the national average for loan officers?
North Dakota pays $85K median vs. the U.S. average of $77K — that’s +10%. After adjusting for local cost of living (RPP 88.89), the purchasing-power equivalent is $95K — still ahead of the national median.
How much do loan officers make in North Dakota?
The median is $84,650 a year, that works out to about $41 an hour. But the range is wide: entry-level workers start around $58,010, and experienced loan officers can clear $146,640. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $85K enough to live in North Dakota?
On that salary, you'd take home roughly $5,524/month after taxes. A 2-bedroom here rents for about $1,034/month, which eats 18.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan officers salary go in North Dakota?
North Dakota has a Regional Price Parity of 88.89 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan officers salary is worth about $95,230 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.