Loan Officers pay in South Dakota
In South Dakota, the median pay for loan officers is $38.42 an hour ($79,920 a year). About 1,820 people work in this job there.
That is 4% higher than the U.S. median ($76,690). South Dakota ranks 18th of 51 states and territories for this job’s median pay.
Pay range for loan officers in South Dakota
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $28.12 | $58,480 |
| 25% of workers | $31.52 | $65,570 |
| Half of workers (median) | $38.42 | $79,920 |
| 75% of workers | $47.96 | $99,750 |
| 90% of workers | $60.14 | $125,080 |
Loan Officers pay in South Dakota metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Sioux Falls | $81,380 | 690 |
| Rapid City | $78,470 | 220 |
South Dakota unemployment rate: 2% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in South Dakota
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $78,880 |
| Financial and Investment Analysts | $99,150 |
| Personal Financial Advisors | $128,720 |
| Property Appraisers and Assessors | $63,350 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.