Loan Officers pay range in Fargo
New workers and the lowest-paid 10% earn about $57,980 a year or less, while the top 10% make $146,640 or more. The middle half of loan officers in Fargo earn between $72,210 and $112,170.
- $58K10th
- $72K25th
- $94KMedian
- $112K75th
- $147K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $96,200 | $8,017 | $46.25 |
| Median | $93,640 | $7,803 | $45.02 |
| Entry level (25th percentile) | $72,210 | $6,018 | $34.72 |
| Experienced (75th percentile) | $112,170 | $9,348 | $53.93 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Fargo vs. North Dakota and the U.S.
Loan officers in Fargo earn 5% more than the North Dakota average ($91,760) and 10% more than the U.S. average ($87,790). At the median the gap is +22% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Fargo | $96,200 | $93,640 | $57,980 | $146,640 | 390 |
| 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 Fargo
On the average salary of $96,200, a single filer in Fargo takes home about $75,911 a year, or $6,326 a month and $2,920 every two weeks. Taxes take 21% of gross pay.
The Fargo, 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 | $75,911 | $6,326 |
| Working in MN | $71,488 | $5,957 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).
Is Fargo a good place for loan officers? Pay vs. cost of living
Prices in the Fargo area are 9% below the U.S. average (BEA price parity 90.9), so the average $96,200 buys what about $105,864 would buy in a typical U.S. metro. This job pays 1.8 times the median wage of all jobs in Fargo ($51,050). A typical home costs $327,854, or 3.4 years of this average salary before tax.
Loan Officers salary in other North Dakota cities
Fargo ranks 1st of 4 North Dakota metro areas for this job, the best-paid in the state.
- 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 Fargo: questions
How much do loan officers make an hour in Fargo?
$46.25 an hour on average, and $45.02 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Fargo?
The lowest-paid 10% earn about $57,980 a year and the 25th percentile is $72,210, a fair guide to starting pay.
What is the loan officers take-home pay in Fargo?
About $75,911 a year ($6,326 a month) for a single filer on the average salary of $96,200.
Do loan officers earn more in Fargo than elsewhere?
The average here is 10% 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 Fargo, ND-MN (22020). Relative standard error of the mean wage: 2.3%.
- 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 1.50, this job is 1.5 times as concentrated as in the U.S. overall.
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