Loan Officers pay range in Sioux Falls
New workers and the lowest-paid 10% earn about $60,600 a year or less, while the top 10% make $130,360 or more. The middle half of loan officers in Sioux Falls earn between $69,180 and $103,800.
- $61K10th
- $69K25th
- $81KMedian
- $104K75th
- $130K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $90,800 | $7,567 | $43.65 |
| Median | $81,380 | $6,782 | $39.12 |
| Entry level (25th percentile) | $69,180 | $5,765 | $33.26 |
| Experienced (75th percentile) | $103,800 | $8,650 | $49.90 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Sioux Falls vs. South Dakota and the U.S.
Loan officers in Sioux Falls earn 6% more than the South Dakota average ($85,970) and 3% more than the U.S. average ($87,790). At the median the gap is +6% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Sioux Falls | $90,800 | $81,380 | $60,600 | $130,360 | 690 |
| South Dakota | $85,970 | $79,920 | $58,480 | $125,080 | 1,820 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Sioux Falls
On the average salary of $90,800, a single filer in Sioux Falls takes home about $72,708 a year, or $6,059 a month and $2,796 every two weeks. Taxes take 20% of gross pay.
The Sioux Falls, SD-MN metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in SD | $72,708 | $6,059 |
| Working in MN | $68,057 | $5,671 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Sioux Falls a good place for loan officers? Pay vs. cost of living
Prices in the Sioux Falls area are 9% below the U.S. average (BEA price parity 90.6), so the average $90,800 buys what about $100,186 would buy in a typical U.S. metro. This job pays 1.7 times the median wage of all jobs in Sioux Falls ($47,970). A typical home costs $342,936, or 3.8 years of this average salary before tax.
Loan Officers salary in other South Dakota cities
Sioux Falls ranks 1st of 2 South Dakota metro areas for this job, the best-paid in the state.
- Sioux Falls$90,800
- Rapid City$82,890
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Sioux Falls: questions
How much do loan officers make an hour in Sioux Falls?
$43.66 an hour on average, and $39.13 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Sioux Falls?
The lowest-paid 10% earn about $60,600 a year and the 25th percentile is $69,180, a fair guide to starting pay.
What is the loan officers take-home pay in Sioux Falls?
About $72,708 a year ($6,059 a month) for a single filer on the average salary of $90,800. South Dakota has no state income tax.
Do loan officers earn more in Sioux Falls than elsewhere?
The average here is 3% more than the U.S. average for this job ($87,790).
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; area Sioux Falls, SD-MN (43620). Relative standard error of the mean wage: 3.4%.
- 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.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 2.18, this job is 2.2 times as concentrated as in the U.S. overall.
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