Loan Officers pay range in Grand Forks
New workers and the lowest-paid 10% earn about $54,480 a year or less, while the top 10% make $145,160 or more. The middle half of loan officers in Grand Forks earn between $64,010 and $116,690.
- $54K10th
- $64K25th
- $93KMedian
- $117K75th
- $145K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $95,050 | $7,921 | $45.70 |
| Median | $92,820 | $7,735 | $44.62 |
| Entry level (25th percentile) | $64,010 | $5,334 | $30.77 |
| Experienced (75th percentile) | $116,690 | $9,724 | $56.10 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Grand Forks vs. North Dakota and the U.S.
Loan officers in Grand Forks earn 4% more than the North Dakota average ($91,760) and 8% more than the U.S. average ($87,790). At the median the gap is +21% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Grand Forks | $95,050 | $92,820 | $54,480 | $145,160 | 100 |
| North Dakota | $91,760 | $84,650 | $58,010 | $146,640 | 1,370 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Grand Forks
On the average salary of $95,050, a single filer in Grand Forks takes home about $75,125 a year, or $6,260 a month and $2,889 every two weeks. Taxes take 21% of gross pay.
The Grand Forks, ND-MN metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in ND | $75,125 | $6,260 |
| Working in MN | $70,758 | $5,896 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).
Is Grand Forks a good place for loan officers? Pay vs. cost of living
Prices in the Grand Forks area are 13% below the U.S. average (BEA price parity 86.7), so the average $95,050 buys what about $109,678 would buy in a typical U.S. metro. This job pays 1.9 times the median wage of all jobs in Grand Forks ($49,760). A typical home costs $275,955, or 2.9 years of this average salary before tax.
Loan Officers salary in other North Dakota cities
Grand Forks ranks 2nd of 4 North Dakota metro areas for this job; Fargo pays the most ($96,200).
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Grand Forks: questions
How much do loan officers make an hour in Grand Forks?
$45.70 an hour on average, and $44.62 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Grand Forks?
The lowest-paid 10% earn about $54,480 a year and the 25th percentile is $64,010, a fair guide to starting pay.
What is the loan officers take-home pay in Grand Forks?
About $75,125 a year ($6,260 a month) for a single filer on the average salary of $95,050.
Do loan officers earn more in Grand Forks than elsewhere?
The average here is 8% more than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Grand Forks, ND-MN (24220). Relative standard error of the mean wage: 2.8%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).
- Job concentration: location quotient 1.12, this job is about as common as in the U.S. overall.
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