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.
Loan Officer Pay in Fargo: What to Expect (2026)
Fargo offers a median loan officer salary of $61,796, which is $2,630 above the North Dakota state average of $59,166. Compared to the national median of $65,740, Fargo pays below the national benchmark for this role.
Fargo's cost of living is 94% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Fargo spans from $33,088 at the 10th percentile to $144,572 at the 90th percentile — a $111,484 spread. Entry-level professionals start around $35,720, while senior loan officers with 8+ years of experience can earn up to $122,200. With a population of 125,990, Fargo is a mid-sized metro with a growing job market.
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.
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
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.
Find Loan Officer Jobs in Fargo
Browse open loan officer positions in Fargo, ND: