Loan Officer Salary in South Dakota
Median annual pay in South Dakota
$79,920
$38.42/hour
BLS OEWS, May 2025
Adjusted for cost of living in South Dakota
$90,217
Regional Price Parity: 88.586 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($76,690): +$3,230 (+4.2%)
South Dakota ranks 18th of 51 states by median pay, and 10th of 51 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $58,480 | $28.12 |
| 25th percentile | $65,570 | $31.52 |
| Median | $79,920 | $38.42 |
| 75th percentile | $99,750 | $47.96 |
| 90th percentile | $125,080 | $60.14 |
Employment
- Employment in South Dakota
- 1,820
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Comparison
Compared with the U.S.
- Median annual pay in South Dakota
- $79,920
- Median annual pay in the U.S.
- $76,690
- Difference
- +$3,230 (+4.2%)
Cost of living
$79,920 ÷ 88.586 × 100 = $90,217
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| New Hampshire | ||
| 16th | $80,660 | $77,435 27th |
| Washington | ||
| 17th | $80,120 | $74,869 32nd |
| South Dakota This page | ||
| 18th | $79,920 | $90,217 10th |
| Nebraska | ||
| 19th | $79,840 | $88,610 12th |
| Wyoming | ||
| 20th | $79,620 | $85,898 13th |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Credit Counselor salary in the U.S.
$52,230/year U.S.
- Credit Analyst salary in the U.S.
$83,510/year U.S.
- Personal Financial Advisor salary in the U.S.
$105,070/year U.S.
- Securities, Commodities, and Financial Services Sales Agent salary in the U.S.
$78,660/year U.S.
- Financial Manager salary in the U.S.
$166,570/year U.S.
- Brokerage Clerk salary in the U.S.
$65,750/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +1.1%
- Typical education needed for entry (U.S.)
- Bachelor's degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Loan Officer salary in nearby places
- Loan Officer salary in Iowa
$83,670/year Iowa
- Loan Officer salary in Minnesota
$95,170/year Minnesota
- Loan Officer salary in Montana
$71,570/year Montana
- Loan Officer salary in Nebraska
$79,840/year Nebraska
- Loan Officer salary in North Dakota
$84,650/year North Dakota
- Loan Officer salary in Wyoming
$79,620/year Wyoming
- Loan Officer salary in the U.S.
$76,690/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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