Loan Officer Salary in South Dakota
The median loan officer salary in South Dakota is $57,851 per year, which is 12% below the national median of $65,740.
Loan Officer Salary in South Dakota by Experience
In South Dakota, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The cost of living index in South Dakota is 88% of the national average.
Salary Percentiles in South Dakota
| Percentile | SD Salary |
|---|---|
| 10th Percentile | $30,976 |
| 25th Percentile | $39,952 |
| Median (50th) | $57,851 |
| 75th Percentile | $88,000 |
| 90th Percentile | $135,344 |
Major Cities for Loan Officers in South Dakota
The largest employment areas for loan officers in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in South Dakota
Education
Most loan officer positions require a bachelor's degree. South Dakota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in South Dakota
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). South Dakota's demand may vary based on local industry trends.