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.
Loan Officer Pay in Minot: What to Expect (2026)
Minot offers a median loan officer salary of $60,481, which is $1,315 above the North Dakota state average of $59,166. Compared to the national median of $65,740, Minot pays below the national benchmark for this role.
Minot's cost of living is 92% 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 Minot spans from $32,384 at the 10th percentile to $141,496 at the 90th percentile — a $109,112 spread. Entry-level professionals start around $34,960, while senior loan officers with 8+ years of experience can earn up to $119,600. Minot is a smaller market (pop. 48,639), which may mean fewer openings but also less competition for available positions.
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.
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
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
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: