The average salary for a loan officer in South Dakota is around $79,920 per year.
Avg Salary
Loan officers earn an average yearly salary of $79,920.
Wages typically start from $58,480 and go up to $125,080.
32% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$60.14 per hour
$125,080 per year
75th percentile
Senior-level loan officer earnings begin at:
$47.96 per hour
$99,750 per year
50th percentile
Mid-level loan officer earnings begin at:
$38.42 per hour
$79,920 per year
25th percentile
Junior-level loan officer earnings begin at:
$31.52 per hour
$65,570 per year
10th percentile
Starting level loan officer earnings begin at:
$28.12 per hour
$58,480 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
| Massachusetts | $101,600 |
How do loan officer salaries compare to similar careers?
Loan officers earn 13% less than similar careers in South Dakota. On average, they make less than investment fund managers but more than risk management specialists.
| Career | Median Salary |
|---|---|
| Investment fund manager salary | $119K |
| Financial analyst salary | $99K |
| Securities and commodities broker salary | $87K |
| Stock trader salary | $87K |
| Business analyst salary | $84K |
| Loan officer salary | $80K |
| Investment banker salary | $86K |
| Financial quantitative analyst salary | $86K |
| Fraud analyst salary | $86K |
| Risk management specialist salary | $86K |
Source: CareerExplorer (Aggregated)