Loan Officers Pay Range in South Dakota
Pay distribution across experience levels
- 10th Percentile — Entry Level$58,480
- 25th Percentile — Junior$65,570
- 50th Percentile — Median$79,920
- 75th Percentile — Senior$99,750
- 90th Percentile — Top Earners$125,080
Half of Loan Officers in South Dakota earn more than $79,920. The top 10% make $125,080 or more, while entry-level workers start around $58,480.
Loan Officers in South Dakota: Key Facts
Source: BLS OEWS May 2025
- South Dakota ranks 26th of 51 states for Loan Officers pay, at $85,970 per year (2.1% below the U.S. average of $87,790).
- 1,820 people work as Loan Officers in South Dakota — 0.7% of all U.S. Loan Officers jobs.
- Location quotient 2.26: Loan Officers jobs are more concentrated in South Dakota than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $58,480; the top 10% earn over $125,080.
- Hourly equivalent: $41.33 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in South Dakota, Personal Financial Advisors pays the most ($175,820).
Loan Officers Job Market in South Dakota
Key factors affecting compensation
South Dakota's key industries are Agriculture, Finance, Tourism, and its job market is rated moderate. Loan Officers here earn $85,970 on average, placing the state 26th nationally.
With a cost-of-living index of 0.87 (U.S. = 1.00), a South Dakota salary of $85,970 is roughly equivalent to $98,816 at the national average cost of living.
Compared with nearby states in the pay ranking, Maine ($88,830), Wyoming ($87,930), Nevada ($87,850) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in South Dakota
Related career salary benchmarks
- Personal Financial Advisors $175,820/yr South Dakota +104.5% vs this role
- Financial and Investment Analysts $120,230/yr South Dakota +39.9% vs this role
- Financial Examiners $98,690/yr South Dakota +14.8% vs this role
- Management Analysts $92,440/yr South Dakota +7.5% vs this role
- Business Operations Specialists All Other $91,300/yr South Dakota +6.2% vs this role
- Project Management Specialists $88,360/yr South Dakota +2.8% vs this role
- Logisticians $87,750/yr South Dakota +2.1% vs this role
- Accountants and Auditors $85,030/yr South Dakota 1.1% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in South Dakota?
The average Loan Officers salary in South Dakota is $85,970 per year (median $79,920), which is 2.1% below the national average of $87,790.
How does South Dakota rank for Loan Officers pay?
South Dakota ranks 26th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in South Dakota?
The lowest-paid 10% of Loan Officers in South Dakota earn about $58,480 per year and the 25th percentile is $65,570.
How much do Loan Officers make per hour in South Dakota?
About $41.33 per hour, based on the $85,970 annual average and 2,080 working hours per year.
How many Loan Officers work in South Dakota?
BLS counts 1,820 Loan Officers jobs in South Dakota (OEWS May 2025).
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