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
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.