Business & Finance Minot, ND Pop. 48,639

Loan Officer Salary in Minot, North Dakota

The median loan officer salary in Minot, ND is $60,481 per year, which is 8% below the national median and 2.2% above the North Dakota state average.

City Median
$60,481
vs State Avg
+$1,315
vs National
$-5,259
Cost of Living
92%

Loan Officer Salary in Minot by Experience

In Minot, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Minot, ND

Percentile Minot
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other North Dakota Cities

Fargo, ND
$61,796
Pop. 125,990
West Fargo, ND
$61,138
Pop. 38,626
Bismarck, ND
$59,166
Pop. 73,529
Grand Forks, ND
$57,851
Pop. 56,588

How to Become a Loan Officer in Minot

Education

Most loan officer positions require a bachelor's degree. Minot 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 Minot may vary based on local industry and population growth.

Find Loan Officer Jobs in Minot

Browse open loan officer positions in Minot, ND:

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Frequently Asked Questions: Loan Officer Salary in Minot

How much does a Loan Officer make in Minot, ND? ▼
The median loan officer salary in Minot, North Dakota is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Minot? ▼
Based on the median annual salary of $60,481, a loan officer in Minot earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Minot compare to the North Dakota state average for loan officer pay? ▼
Minot's median loan officer salary of $60,481 is 2.2% above the North Dakota state average of $59,166. The local cost of living index is 92% of the national average.
What is the cost of living in Minot, ND? ▼
Minot has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Minot has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Minot? ▼
Most loan officer positions in Minot 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.