South Dakota Median
$79,920
per year
Hourly Rate
$38.42
based on 2,080 hrs/yr
vs National
+4% vs US median
US median $76,690
State Rank
#18 of 51
1,820 employed here
How much does a Loan Officer make in South Dakota?
Loan Officers in South Dakota take home a median of $79,920 annually — roughly $38.42 an hour — which runs 4% above the national median of $76,690.
Within South Dakota, entry-level pay starts around $58,480 while the top 10% make $125,080 or more. The middle 50% of earners fall between $65,570 and $99,750 a year.
Loan Officer salary range in South Dakota
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $58,480 | $28.12 |
|
| 25th percentile (early career) | $65,570 | $31.52 |
|
| 50th percentile (median) | $79,920 | $38.42 |
|
| 75th percentile (experienced) | $99,750 | $47.96 |
|
| 90th percentile (top earners) | $125,080 | $60.13 |
|
How South Dakota compares
South Dakota ranks 18th out of 51 states and territories for Loan Officer pay. The top 5 best-paying states:
Loan Officer salary in other states
Massachusetts $101,600Connecticut $95,730New York $95,710Minnesota $95,170Colorado $94,520Oregon $94,440New Jersey $92,920District of Columbia $92,890Vermont $88,710Kansas $86,970North Dakota $84,650Iowa $83,670Delaware $83,130Maine $81,900California $81,770New Hampshire $80,660Washington $80,120Nebraska $79,840Wyoming $79,620Illinois $79,150Virginia $78,320Wisconsin $78,290Rhode Island $77,250Ohio $76,370North Carolina $75,920Michigan $74,470Missouri $73,660Maryland $73,580Oklahoma $72,990Indiana $72,960Alaska $72,800Montana $71,570Florida $71,090Idaho $71,070Arkansas $70,260Pennsylvania $69,300Georgia $68,490Alabama $66,710Texas $66,370Nevada $64,500Hawaii $63,740South Carolina $63,220Tennessee $62,800New Mexico $62,610Arizona $62,160Kentucky $62,090Louisiana $61,110Mississippi $60,260Utah $59,440West Virginia $57,580
Working as a Loan Officer in South Dakota
Nationally, about 274,000 people work as Loan Officers in the United States. A bachelor's degree (about 4 years of college) is the standard entry requirement.
Considering a move? Compare South Dakota pay ($79,920) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Loan Officer make in South Dakota?
The median Loan Officer salary in South Dakota is $79,920 per year, or about $38.42 per hour, per official BLS state wage estimates. Salaries typically range from $58,480 at the entry level to $125,080 for the top 10% of earners.
How does South Dakota pay compare to the national average?
South Dakota pays Loan Officers about 4% more than the national median of $76,690. South Dakota ranks 18th out of 51 states and territories reporting this occupation.
Is South Dakota a good state for Loan Officers?
Yes on pay — South Dakota pays above the national median for this occupation, at $79,920 a year. About 1,820 Loan Officers are employed in South Dakota. Weigh that against local housing and living costs before moving.
What are the highest-paying jobs in South Dakota?
The highest-paying occupations in South Dakota include Radiologist ($586,010), Emergency Medicine Physician ($393,870), Obstetricians and Gynecologists ($297,610), based on median annual pay in official BLS state estimates.
← See the national Loan Officer salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.