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
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.