Loan Officers Salary in Grand Forks, ND-MN

BLS Occupational Employment & Wage Statistics • May 2025 • Grand Forks, ND-MN

Median annual salary $86,510 +16.6% vs national
Median hourly $41.59
10th percentile $51,110
90th percentile $141,100
Employed locally 100
National median $74,180

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Loan Officers
in
Grand Forks, ND-MN
vs

    Salary percentile breakdown

    10th
    $51,110
    25th
    $61,560
    50th (median)
    $86,510
    75th
    $113,820
    90th
    $141,100

    Grand Forks economic context

    Unemployment rate 2.40% 2024 annual avg • BLS LAUS
    Median household income $68,653 2023 • Census ACS
    Loan Officers salary vs area income 126% Median Loan Officers salary is 26% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Washington-Arlington-Alexandria, DC-VA-MD-WV $94,840
    San Francisco-Oakland-Fremont, CA $94,110
    Fargo, ND-MN $89,860
    Vineland, NJ $82,490
    Bismarck, ND $82,070
    Minot, ND $79,790

    Related occupations in Grand Forks, ND-MN

    OccupationMedian salary
    Accountants and Auditors $67,530
    Business Operations Specialists, All Other $65,800
    Human Resources Specialists $66,700
    Market Research Analysts and Marketing Specialists $61,110
    Project Management Specialists $81,410
    Buyers and Purchasing Agents $74,960

    Frequently asked questions

    How much do Loan Officers make per hour in Grand Forks?

    The median hourly wage for Loan Officers in Grand Forks, ND-MN is $41.59, based on BLS OEWS 2025 data. Top earners (90th percentile) make $69.79 or more per hour.

    Is Grand Forks above or below average for Loan Officers salaries?

    The median Loan Officers salary in Grand Forks, ND-MN is 16.6% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Grand Forks?

    Entry-level Loan Officers (10th percentile) earn around $51,110 per year in Grand Forks, ND-MN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $61,560.