Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| South Dakota | National | Difference | |
|---|---|---|---|
| Median annual salary | $79,920 | $75,854 | +5% |
| Median hourly wage | $38.42 | $36.47 | +5% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $90,203.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Loan Officer in South Dakota is $79,920, or about $38.42 per hour, according to BLS OEWS data.
The national median for Loan Officers is $75,854. South Dakota is +5% above the national median.
Entry-level loan officers in South Dakota typically earn from varies by experience depending on the city and employer.
With 1,820 loan officer jobs on record and a median salary of $79,920, South Dakota offers above-average pay compared to the rest of the country.