Loan Officers Salary in South Dakota

Loan officers in South Dakota earn the most in Sioux Falls (average $90,800 a year) and the least in Rapid City ($82,890), across the 2 South Dakota metro areas we cover. Statewide, BLS puts the loan officers average at $85,970 and the median at $79,920 for 1,820 workers. The U.S. average for this job is $87,790.

Loan Officers average salary by city in South Dakota

Sioux Falls$90,800
Rapid City$82,890

Pay, take-home pay and cost of living

City	Average	Median	25th pct.	Take-home*	Cost of living
Sioux Falls	$90,800	$81,380	$69,180	$72,708	91
Rapid City	$82,890	$78,470	$60,950	$67,143	89

*Average salary after federal and state taxes for a single filer; South Dakota has no state income tax. Cost of living: BEA price parity, U.S. = 100.

Loan Officers salary in other states

Loan Officers salary by city and state

More about pay in South Dakota

Sources and how to read this page

Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072.
U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.

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