Loan Officers Salary in Sioux Falls, SD-MN
BLS Occupational Employment & Wage Statistics • May 2025 • Sioux Falls, SD-MN
Median annual salary
$78,510
+5.8% vs national
Median hourly
$37.75
10th percentile
$61,050
90th percentile
$129,110
Employed locally
630
National median
$74,180
Compare Loan Officers salary & buying power
Type a city below to see how Sioux Falls, SD-MN stacks up on salary and cost of living.
Loan Officers
in
Sioux Falls, SD-MN
vs
Salary percentile breakdown
Sioux Falls economic context
Unemployment rate
1.70%
2024 annual avg • BLS LAUS
Median household income
$81,418
2023 • Census ACS
Loan Officers salary vs area income
96%
Median Loan Officers salary is 4% below the area median household income
Frequently asked questions
How much do Loan Officers make per hour in Sioux Falls?
The median hourly wage for Loan Officers in Sioux Falls, SD-MN is $37.75, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.67 or more per hour.
Is Sioux Falls above or below average for Loan Officers salaries?
The median Loan Officers salary in Sioux Falls, SD-MN is 5.8% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.
What is the entry-level salary for Loan Officers in Sioux Falls?
Entry-level Loan Officers (10th percentile) earn around $61,050 per year in Sioux Falls, SD-MN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $63,810.