Business & Finance Fargo, ND
Pop. 125,990
Loan Officer Salary in Fargo, North Dakota
The median loan officer salary in Fargo, ND is $61,796 per year, which is 6% below the national median and 4.4% above the North Dakota state average.
City Median
$61,796
vs State Avg
+$2,630
vs National
$-3,944
Cost of Living
94%
Loan Officer Salary in Fargo by Experience
In Fargo, an entry-level loan officer earns around $35,720, while experienced professionals earn up to $122,200 per year. The local cost of living index is 94% of the national average.
Entry Level (0-2 yrs)
$35,720
$-2,280 vs national
Mid Level (3-7 yrs)
$62,040
$-3,960 vs national
Senior Level (8+ yrs)
$122,200
$-7,800 vs national
Salary Percentiles in Fargo, ND
| Percentile | Fargo |
|---|---|
| 10th Percentile | $33,088 |
| 25th Percentile | $42,676 |
| Median (50th) | $61,796 |
| 75th Percentile | $94,000 |
| 90th Percentile | $144,572 |
Loan Officer Salary in Other North Dakota Cities
How to Become a Loan Officer in Fargo
Education
Most loan officer positions require a bachelor's degree. Fargo 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 Fargo may vary based on local industry and population growth.