Loan Officer salary in Grand Forks, ND-MN
Loan Officers in the Grand Forks, ND-MN metro area earn a median of $92,820 a year ($44.62 an hour), based on BLS data for 100 workers.
Pay ranges from $54,480 for the lowest-paid 10% to $145,160 for the top 10%. That is 21% higher than the national median of $76,690. Pay here is 10% higher than the North Dakota statewide median of $84,650. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $95,050, above the median because a few high earners pull it up.
Pay range for loan officers in Grand Forks, ND-MN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $54,480 | $26.19 |
| 25th percentile | $64,010 | $30.77 |
| Median | $92,820 | $44.62 |
| 75th percentile | $116,690 | $56.10 |
| 90th percentile (top earners) | $145,160 | $69.79 |
| Average (mean) | $95,050 | $45.70 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,735 |
| Semi-monthly (24 a year) | $3,867.50 |
| Biweekly (26 a year) | $3,570 |
| Weekly | $1,785 |
| Hourly | $44.62 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $92,820 salary, see how much house you can afford in North Dakota at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | 3,910 |
| Rochester, MN | $98,110 | 170 |
| Mankato, MN | $94,850 | 130 |
| Fargo, ND-MN | $93,640 | 390 |
| St. Cloud, MN | $92,570 | 300 |
| Bismarck, ND | $83,380 | 220 |
| Sioux Falls, SD-MN | $81,380 | 690 |
| Minot, ND | $79,720 | 100 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Duluth, MN-WI | $73,240 | 200 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the North Dakota statewide figures.
Related jobs in Grand Forks, ND-MN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $74,740 | $35.93 |
| Personal Financial Advisor | $77,520 | $37.27 |
| Business Operations Specialists, All Other | $73,920 | $35.54 |
| Project Management Specialist | $90,140 | $43.34 |
| Human Resources Specialist | $73,300 | $35.24 |
| Market Research Analysts and Marketing Specialists | $60,530 | $29.10 |
| Buyers and Purchasing Agents | $73,920 | $35.54 |
| Management Analyst | $89,480 | $43.02 |
| Cost Estimator | $73,310 | $35.25 |
| Fundraiser | $80,250 | $38.58 |
| Compliance Officer | $74,980 | $36.05 |
| Training and Development Specialists | $60,480 | $29.08 |
| Meeting, Convention, and Event Planners | $49,730 | $23.91 |
| Logistician | $70,720 | $34.00 |
More: Business and Financial Operations Occupations · all salaries in Grand Forks, ND-MN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Grand Forks, ND-MN?
The median salary for loan officers in the Grand Forks, ND-MN metro area is $92,820 a year, or $44.62 an hour. Pay ranges from $54,480 for the lowest-paid 10% to $145,160 for the top 10%.
How much do the highest-paid loan officers make in Grand Forks, ND-MN?
The top 10% of loan officers in the Grand Forks, ND-MN metro area earn at least $145,160 a year. The top 25% earn $116,690 or more.
What is the starting pay for loan officers in Grand Forks, ND-MN?
Entry-level pay (the 10th percentile) is about $54,480 a year, and a quarter of loan officers earn $64,010 or less.
How many loan officers work in Grand Forks, ND-MN?
About 100 loan officers are employed in the Grand Forks, ND-MN metro area, not counting the self-employed.