Loan Officer Salary in South Dakota
Based on 2K+ workers in South Dakota
Median Annual Salary (SD)
$79,920
$38.42/hr
vs National Average
$76,354
+4.7% vs national median
Salary Range (10th–90th)
$58K – $125K
2K employed in South Dakota
The median Loan Officer salary in South Dakota is $79,920 per year, which is 5% above the national average. This figure represents the midpoint, with actual salaries typically falling within a range of $58,480 to $125,080 annually for the approximately 1,820 workers in this profession across the state.
Several factors influence the Loan Officer salary in South Dakota, including experience level, the specific financial institution, and the volume or complexity of loans handled. Location within the state, whether a major metropolitan area or a smaller town, can also impact compensation, as can specialized certifications or a proven track record of successful loan origination.
Salary Distribution — Loan Officer in South Dakota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $58,480 |
| 25th percentile | $65,570 |
| Median (50th percentile) | $79,920 |
| 75th percentile | $99,750 |
| 90th percentile | $125,080 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in South Dakota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in South Dakota vs National
| Year | Median Salary (South Dakota) |
|---|---|
| 2022 | $70,640 |
| 2023 | $76,640 |
| 2024 | $78,590 |
| 2025 | $79,920 |
| 2026 (projected) | $81,273 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | South Dakota Median | National Median |
|---|---|---|
| 2022 | $70,640 | $68,453 |
| 2023 | $76,640 | $70,692 |
| 2024 | $78,590 | $73,485 |
| 2025 | $79,920 | $76,354 |
| 2026 (projected) | $81,273 | $77,646 |
Loan Officer Salary by Experience Level in South Dakota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $65,570 |
| Mid-level | 3-5 yrs | $79,920 |
| Senior | 6-9 yrs | $99,750 |
| Staff / Lead | 10+ yrs | $125,080 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in South Dakota
How other high-demand occupations in South Dakota compare to Loan Officer ($79,920 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in SD | $159,700 | +99.8% | $76.78/hr |
| Personal Financial Advisor in SD | $128,720 | +61.1% | $61.88/hr |
| Financial Analyst in SD | $99,150 | +24.1% | $47.67/hr |
| Financial Examiner in SD | $88,690 | +11.0% | $42.64/hr |
| Securities Sales Agent in SD | $86,780 | +8.6% | $41.72/hr |
| Tax Examiner in SD | $86,260 | +7.9% | $41.47/hr |
| Budget Analyst in SD | $79,180 | -0.9% | $38.07/hr |
| Accountant in SD | $78,880 | -1.3% | $37.92/hr |
| Credit Analyst in SD | $73,040 | -8.6% | $35.12/hr |
| Compliance Officer in SD | $72,630 | -9.1% | $34.92/hr |
| Insurance Sales Agent in SD | $71,990 | -9.9% | $34.61/hr |
| Logistician in SD | $80,020 | +0.1% | $38.47/hr |
Frequently Asked Questions
What is the typical salary for a Loan Officer in South Dakota?
- The median salary for a Loan Officer in South Dakota is $79,920 per year, which breaks down to about $38 per hour. This median is 4.7% higher than the national average for this role.
What is the salary range for Loan Officers in South Dakota?
- The salary range for Loan Officers in South Dakota typically falls between $58,480 on the lower end and $125,080 on the higher end. This wide range suggests that experience, location within the state, and employer can significantly impact earnings.
How many Loan Officers are employed in South Dakota?
- There are approximately 1,820 Loan Officers employed in South Dakota. This indicates a solid number of job opportunities within the state for this profession.
How does a Loan Officer salary in South Dakota compare to the national average?
- Loan Officers in South Dakota earn a median annual salary of $79,920, which is more than the national median. Those at the top of the pay scale can earn up to $125,080 annually.