Loan Officers in North Dakota
Get the information you need to know about working as a Loan Officer.
You’re in luck! Jobs for Loan Officers in North Dakota are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in North Dakota is growing faster than average.
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Loan Officers in North Dakota earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in North Dakota?
In North Dakota, there were 1,390 people working as Loan Officers in the year 2018.
There were 1,280 Loan Officers employed in this state in 2017.
That’s growth of 110 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means North Dakota has fewer Loan Officers than average.
Job Projections for North Dakota
Jobs for Loan Officers in this state are growing at a rate of 19.2% which is faster than the nationwide estimated projection of 11.4%.
North Dakota Annual Job Openings
The BLS estimates 130 annual job openings, and a total of 1,490 jobs for North Dakota Loan Officers in 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in North Dakota?
In 2018 wages for Loan Officers ranged from $36,900 to $114,690 with $67,610 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $17.74 to $55.14. The median hourly rate was $32.51.
Workers in this field were paid a median of $31.79 an hour in 2017.
The hourly rate grew by $0.72.
The median salary in North Dakota is higher than the nationwide median salary.
Top North Dakota Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Fargo, ND-MN | 420 | $61,670 |
| Bismarck, ND | 230 | $79,630 |
| Grand Forks, ND-MN | 110 | $64,480 |
Top States for Loan Officers Employment
The table below shows the states where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in ND
Discover similar careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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