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North Dakota Earnings
North Dakota Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Bismarck MSA
|
$80,980 or $38.93/hr
|
$46,340 or $22.28/hr
|
$125,260 or $60.22/hr
|
Fargo ND-MN MSA
|
$82,750 or $39.79/hr
|
$46,240 or $22.23/hr
|
$131,330 or $63.14/hr
|
Grand Forks ND-MN MSA
|
$80,880 or $38.89/hr
|
$41,290 or $19.85/hr
|
$136,310 or $65.53/hr
|
North Dakota Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
East North Dakota nonmetropolitan area
|
$78,060 or $37.53/hr
|
$46,760 or $22.48/hr
|
$104,520 or $50.25/hr
|
West North Dakota nonmetropolitan area
|
$83,700 or $40.24/hr
|
$47,070 or $22.63/hr
|
$117,780 or $56.63/hr
|
North Dakota's Employment and Outlook (State-wide)
Outlook
|
Stable Growth rate is estimated to be 10%
|
Job Openings
|
124 estimated annual job openings
|
Employment
|
1,357 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
|
69
|
6%
|
|
6
|
6
|
Region 2
|
158
|
8%
|
1
|
13
|
14
|
Region 4
|
144
|
1%
|
|
12
|
12
|
Region 5
|
371
|
16%
|
6
|
31
|
37
|
Region 7
|
316
|
10%
|
3
|
26
|
29
|
Region 8
|
84
|
11%
|
1
|
7
|
8
|
Regions with decreasing outlook (negative growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Region 3
|
67
|
-3%
|
|
6
|
6
|
Region 6
|
129
|
-5%
|
-1
|
10
|
9
|
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 2021 to 2031 is estimated to be +4%.
(The National average for all occupations is +5%)
|
Job Openings
|
very small number
|
|
A total of 2940 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
|
Employment
|
medium occupation
|
|
This was a medium sized occupation in the United States, employing 354,600 workers in 2021.
(The National average for all occupations is 142,207 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) (86.1%)
- Credit intermediation and related activities (NAICS522000) (82.7%)
- Nondepository credit intermediation (NAICS522200) (30.7%)
- Other Nondepository Credit Intermediation (NAICS522290) (28.4%)
|