The average salary for a loan officer in South Dakota is around $59,520 per year.
Avg Salary
Loan officers earn an average yearly salary of $59,520.
Wages typically start from $43,120 and go up to $91,390.
3% above national average Updated in 2018
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$43.94 per hour
$91,390 per year
75th percentile
Senior-level loan officer earnings begin at:
$35.36 per hour
$73,560 per year
50th percentile
Mid-level loan officer earnings begin at:
$28.62 per hour
$59,520 per year
25th percentile
Junior-level loan officer earnings begin at:
$23.85 per hour
$49,610 per year
10th percentile
Starting level loan officer earnings begin at:
$20.73 per hour
$43,120 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Kansas | $75,462 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
| Maryland | $68,060 |
| Missouri | $68,010 |
| Florida | $67,760 |
| North Dakota | $67,610 |
| Kentucky | $67,450 |
| Pennsylvania | $66,807 |
| Hawaii | $66,666 |
| Ohio | $64,770 |
| Oregon | $64,610 |
| Maine | $64,110 |
| Virginia | $63,860 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Wyoming | $61,860 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Colorado | $61,010 |
| Nevada | $60,630 |
| Washington | $60,540 |
| Rhode Island | $60,460 |
| California | $60,420 |
| South Carolina | $60,250 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| South Dakota | $59,520 |
| Vermont | $58,650 |
| Montana | $57,840 |
| Mississippi | $57,500 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Arkansas | $55,514 |
| Georgia | $54,690 |
| Tennessee | $54,490 |
| Alabama | $53,488 |
| Arizona | $52,696 |
| New Mexico | $51,460 |
| West Virginia | $48,820 |
| Louisiana | $48,230 |
| Guam | $45,840 |
| Utah | $45,470 |
| Puerto Rico | $29,150 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in South Dakota. On average, they make less than financial advisors but more than risk management specialists.
| Career | Median Salary |
|---|---|
| Financial advisor salary | $69K |
| Financial analyst salary | $69K |
| Auditor salary | $62K |
| Accountant salary | $62K |
| Budget analyst salary | $60K |
| Loan officer salary | $60K |
| Credit analyst salary | $59K |
| Cost estimator salary | $55K |
| Social fundraiser salary | $52K |
| Risk management specialist salary | $48K |
Source: CareerExplorer (Aggregated)