Loan Officers pay range in Minot
New workers and the lowest-paid 10% earn about $59,390 a year or less, while the top 10% make $132,890 or more. The middle half of loan officers in Minot earn between $62,280 and $99,040.
- $59K10th
- $62K25th
- $80KMedian
- $99K75th
- $133K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $88,950 | $7,412 | $42.76 |
| Median | $79,720 | $6,643 | $38.33 |
| Entry level (25th percentile) | $62,280 | $5,190 | $29.94 |
| Experienced (75th percentile) | $99,040 | $8,253 | $47.62 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Minot
On the average salary of $88,950, a single filer in Minot takes home about $70,952 a year, or $5,913 a month and $2,729 every two weeks. Taxes take 20% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).
Is Minot a good place for loan officers? Pay vs. cost of living
Prices in the Minot area are 13% below the U.S. average (BEA price parity 87.0), so the average $88,950 buys what about $102,208 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Minot ($48,940). A typical home costs $268,181, or 3.0 years of this average salary before tax.
Loan Officers salary in other North Dakota cities
Minot ranks 4th of 4 North Dakota metro areas for this job; Fargo pays the most ($96,200).
- Fargo$96,200
- Grand Forks$95,050
- Bismarck$90,020
- Minot$88,950
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 Minot: questions
How much do loan officers make an hour in Minot?
$42.77 an hour on average, and $38.33 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Minot?
The lowest-paid 10% earn about $59,390 a year and the 25th percentile is $62,280, a fair guide to starting pay.
What is the loan officers take-home pay in Minot?
About $70,952 a year ($5,913 a month) for a single filer on the average salary of $88,950.
Do loan officers earn more in Minot than elsewhere?
The average here is about the same as the U.S. metro average for this job ($88,726).
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 Minot, ND (33500). Relative standard error of the mean wage: 2.5%.
- 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 1.77, this job is 1.8 times as concentrated as in the U.S. overall.
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