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

Fargo, ND
$61,796
Pop. 125,990
West Fargo, ND
$61,138
Pop. 38,626
Minot, ND
$60,481
Pop. 48,639
Grand Forks, ND
$57,851
Pop. 56,588

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.

Find Loan Officer Jobs in Bismarck

Browse open loan officer positions in Bismarck, ND:

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Frequently Asked Questions: Loan Officer Salary in Bismarck

How much does a Loan Officer make in Bismarck, ND? ▼
The median loan officer salary in Bismarck, North Dakota is $59,166 per year, which is 10% below the national median of $65,740. Salaries range from $31,680 (10th percentile) to $138,420 (90th percentile).
How much does a Loan Officer make per hour in Bismarck? ▼
Based on the median annual salary of $59,166, a loan officer in Bismarck earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Bismarck compare to the North Dakota state average for loan officer pay? ▼
Bismarck's median loan officer salary of $59,166 is 0.0% above the North Dakota state average of $59,166. The local cost of living index is 90% of the national average.
What is the cost of living in Bismarck, ND? ▼
Bismarck has a cost of living index of 90% compared to the national average. This means a loan officer salary of $59,166 in Bismarck has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Bismarck? ▼
Most loan officer positions in Bismarck require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.