Business & Finance Bismarck, ND
Pop. 73,529
Loan Officer Salary in Bismarck, North Dakota
The median loan officer salary in Bismarck, ND is $59,166 per year, which is 10% below the national median and 0.0% above the North Dakota state average.
City Median
$59,166
vs State Avg
+$0
vs National
$-6,574
Cost of Living
90%
Loan Officer Salary in Bismarck by Experience
In Bismarck, an entry-level loan officer earns around $34,200, while experienced professionals earn up to $117,000 per year. The local cost of living index is 90% of the national average.
Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$59,400
$-6,600 vs national
Senior Level (8+ yrs)
$117,000
$-13,000 vs national
Salary Percentiles in Bismarck, ND
| Percentile | Bismarck |
|---|---|
| 10th Percentile | $31,680 |
| 25th Percentile | $40,860 |
| Median (50th) | $59,166 |
| 75th Percentile | $90,000 |
| 90th Percentile | $138,420 |
Loan Officer Salary in Other North Dakota Cities
How to Become a Loan Officer in Bismarck
Education
Most loan officer positions require a bachelor's degree. Bismarck and the surrounding North Dakota area have institutions offering relevant programs.
Key Skills
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Bismarck may vary based on local industry and population growth.