Business & Finance West Fargo, ND Pop. 38,626

Loan Officer Salary in West Fargo, North Dakota

The median loan officer salary in West Fargo, ND is $61,138 per year, which is 7% below the national median and 3.3% above the North Dakota state average.

City Median
$61,138
vs State Avg
+$1,972
vs National
$-4,602
Cost of Living
93%

Loan Officer Salary in West Fargo by Experience

In West Fargo, an entry-level loan officer earns around $35,340, while experienced professionals earn up to $120,900 per year. The local cost of living index is 93% of the national average.

Entry Level (0-2 yrs)
$35,340
$-2,660 vs national
Mid Level (3-7 yrs)
$61,380
$-4,620 vs national
Senior Level (8+ yrs)
$120,900
$-9,100 vs national

Salary Percentiles in West Fargo, ND

Percentile West Fargo
10th Percentile $32,736
25th Percentile $42,222
Median (50th) $61,138
75th Percentile $93,000
90th Percentile $143,034

Loan Officer Salary in Other North Dakota Cities

Fargo, ND
$61,796
Pop. 125,990
Minot, ND
$60,481
Pop. 48,639
Bismarck, ND
$59,166
Pop. 73,529
Grand Forks, ND
$57,851
Pop. 56,588

How to Become a Loan Officer in West Fargo

Education

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

Find Loan Officer Jobs in West Fargo

Browse open loan officer positions in West Fargo, ND:

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Frequently Asked Questions: Loan Officer Salary in West Fargo

How much does a Loan Officer make in West Fargo, ND? ▼
The median loan officer salary in West Fargo, North Dakota is $61,138 per year, which is 7% below the national median of $65,740. Salaries range from $32,736 (10th percentile) to $143,034 (90th percentile).
How much does a Loan Officer make per hour in West Fargo? ▼
Based on the median annual salary of $61,138, a loan officer in West Fargo earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does West Fargo compare to the North Dakota state average for loan officer pay? ▼
West Fargo's median loan officer salary of $61,138 is 3.3% above the North Dakota state average of $59,166. The local cost of living index is 93% of the national average.
What is the cost of living in West Fargo, ND? ▼
West Fargo has a cost of living index of 93% compared to the national average. This means a loan officer salary of $61,138 in West Fargo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in West Fargo? ▼
Most loan officer positions in West Fargo 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.