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North Dakota Earnings
North Dakota Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Bismarck MSA
|
$90,240 or $43.38/hr
|
$48,540 or $23.34/hr
|
$147,950 or $71.13/hr
|
Fargo ND-MN MSA
|
$97,490 or $46.87/hr
|
$50,340 or $24.20/hr
|
$155,500 or $74.76/hr
|
Grand Forks ND-MN MSA
|
$91,840 or $44.15/hr
|
$47,880 or $23.02/hr
|
$150,060 or $72.15/hr
|
North Dakota Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
East North Dakota nonmetropolitan area
|
$88,550 or $42.57/hr
|
$45,760 or $22.00/hr
|
$155,840 or $74.93/hr
|
West North Dakota nonmetropolitan area
|
$91,570 or $44.02/hr
|
$50,670 or $24.36/hr
|
$153,530 or $73.81/hr
|
North Dakota's Employment and Outlook (State-wide)
Outlook
|
Stable Growth rate is estimated to be 10%
|
Job Openings
|
110 estimated annual job openings
|
Employment
|
1,360 were employed in this occupation
|
Industries
|
Large concentrations of this occupation are found in these industries
-
Nondepository credit intermediation (NAICS522200) (15.4%)
-
Automobile dealers (NAICS441100) (0.57%)
-
Social advocacy organizations (NAICS813300) (0.46%)
-
Architectural, engineering, and related services (NAICS541300) (0.23%)
|
Regions with stable outlook (0 to 20% growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Region 1
|
64
|
11%
|
1
|
5
|
6
|
Region 2
|
157
|
9%
|
1
|
11
|
12
|
Region 3
|
60
|
3%
|
|
4
|
4
|
Region 4
|
140
|
6%
|
1
|
10
|
11
|
Region 5
|
390
|
18%
|
7
|
28
|
35
|
Region 6
|
118
|
0%
|
|
8
|
8
|
Region 7
|
299
|
10%
|
3
|
21
|
24
|
Region 8
|
81
|
9%
|
1
|
5
|
6
|
National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
|
stable
|
|
The employment change from 2022 to 2032 is estimated to be +3%.
(The National average for all occupations is +3%)
|
Job Openings
|
very small number
|
|
A total of 2530 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
|
Employment
|
medium occupation
|
|
This was a medium sized occupation in the United States, employing 354,800 workers in 2022.
(The National average for all occupations is 147,916 workers)
|
Growth
|
Average growth
|
|
Increased demand for loan officers is expected as both businesses and individuals seek credit to finance commercial investments and personal spending. Loan officers will be needed to evaluate the creditworthiness of applicants and determine the likelihood that loans will be paid back in full and on time. However, the decline of bank branches and the increased use of productivity-enhancing technology in loan processing are expected to slow employment growth.
|
Industries
|
Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (85.3%)
- Credit intermediation and related activities (NAICS522000) (81.7%)
- Nondepository credit intermediation (NAICS522200) (31.4%)
- Other Nondepository Credit Intermediation (NAICS522290) (28.6%)
|