The average salary for a loan officer in South Dakota is around $63,560 per year.
Avg Salary
Loan officers earn an average yearly salary of $63,560.
Wages typically start from $47,720 and go up to $101,220.
22% above national average Updated in 2021
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$48.66 per hour
$101,220 per year
75th percentile
Senior-level loan officer earnings begin at:
$38.71 per hour
$80,510 per year
50th percentile
Mid-level loan officer earnings begin at:
$30.56 per hour
$63,560 per year
25th percentile
Junior-level loan officer earnings begin at:
$28.96 per hour
$60,230 per year
10th percentile
Starting level loan officer earnings begin at:
$22.94 per hour
$47,720 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| New York | $96,430 |
| District of Columbia | $81,170 |
| Massachusetts | $79,570 |
| New Jersey | $78,870 |
| Minnesota | $78,660 |
| Rhode Island | $78,640 |
| Nevada | $78,470 |
| Oregon | $78,300 |
| North Dakota | $77,060 |
| Colorado | $76,920 |
| Kansas | $76,920 |
| New Hampshire | $76,920 |
| Michigan | $76,840 |
| North Carolina | $76,840 |
| Virginia | $76,710 |
| Nebraska | $75,700 |
| Wisconsin | $74,890 |
| Missouri | $74,520 |
| Arkansas | $74,490 |
| Pennsylvania | $65,810 |
| California | $64,390 |
| South Dakota | $63,560 |
| Hawaii | $63,460 |
| Montana | $63,270 |
| Maine | $63,200 |
| Illinois | $63,170 |
| Iowa | $62,650 |
| Maryland | $62,610 |
| Washington | $62,530 |
| Kentucky | $62,320 |
| Ohio | $62,320 |
| Wyoming | $62,160 |
| Georgia | $62,100 |
| Connecticut | $61,850 |
| New Mexico | $61,170 |
| Texas | $61,120 |
| Tennessee | $60,800 |
| Indiana | $60,550 |
| Delaware | $60,140 |
| Florida | $60,110 |
| Oklahoma | $60,110 |
| Vermont | $60,110 |
| Alabama | $53,410 |
| South Carolina | $53,410 |
| Arizona | $52,530 |
| Idaho | $49,920 |
| Louisiana | $49,780 |
| Alaska | $49,620 |
| Utah | $48,300 |
| West Virginia | $48,000 |
| Mississippi | $44,480 |
| Guam | $38,630 |
| Puerto Rico | $30,080 |
How do loan officer salaries compare to similar careers?
Loan officers earn 11% less than similar careers in South Dakota. On average, they make less than financial advisors but more than securities and commodities brokers.
| Career | Median Salary |
|---|---|
| Financial advisor salary | $125K |
| Investment fund manager salary | $98K |
| Business analyst salary | $79K |
| Financial analyst salary | $77K |
| Underwriter salary | $76K |
| Loan officer salary | $64K |
| Auditor salary | $63K |
| Accountant salary | $63K |
| Stock trader salary | $49K |
| Securities and commodities broker salary | $49K |
Source: CareerExplorer (Aggregated)