Business & Finance Grand Forks, ND
Pop. 56,588
Loan Officer Salary in Grand Forks, North Dakota
The median loan officer salary in Grand Forks, ND is $57,851 per year, which is 12% below the national median and 2.2% below the North Dakota state average.
City Median
$57,851
vs State Avg
$-1,315
vs National
$-7,889
Cost of Living
88%
Loan Officer Salary in Grand Forks by Experience
In Grand Forks, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.
Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national
Salary Percentiles in Grand Forks, ND
| Percentile | Grand Forks |
|---|---|
| 10th Percentile | $30,976 |
| 25th Percentile | $39,952 |
| Median (50th) | $57,851 |
| 75th Percentile | $88,000 |
| 90th Percentile | $135,344 |
Loan Officer Salary in Other North Dakota Cities
How to Become a Loan Officer in Grand Forks
Education
Most loan officer positions require a bachelor's degree. Grand Forks 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 Grand Forks may vary based on local industry and population growth.