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

Fargo, ND
$61,796
Pop. 125,990
West Fargo, ND
$61,138
Pop. 38,626
Minot, ND
$60,481
Pop. 48,639
Bismarck, ND
$59,166
Pop. 73,529

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.

Find Loan Officer Jobs in Grand Forks

Browse open loan officer positions in Grand Forks, ND:

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Frequently Asked Questions: Loan Officer Salary in Grand Forks

How much does a Loan Officer make in Grand Forks, ND? ▼
The median loan officer salary in Grand Forks, North Dakota is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Grand Forks? ▼
Based on the median annual salary of $57,851, a loan officer in Grand Forks earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Grand Forks compare to the North Dakota state average for loan officer pay? ▼
Grand Forks's median loan officer salary of $57,851 is 2.2% below the North Dakota state average of $59,166. The local cost of living index is 88% of the national average.
What is the cost of living in Grand Forks, ND? ▼
Grand Forks has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Grand Forks has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Grand Forks? ▼
Most loan officer positions in Grand Forks 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.