Loan Officer Salary in Sioux Falls, SD
Loan Officers in the Sioux Falls, SD-MN metro area earn a median $81,380 a year — 6% more than the national median. After 2026 taxes, that is $66,081 take-home, or $5,507 a month.
Take-home pay calculator
Pre-filled with the median loan officer salary in Sioux Falls, SD. Enter your own offer to see your paycheck.
- Federal income tax$9,074
- Social Security (6.2%)$5,046
- Medicare (1.45%)$1,180
- South Dakota income tax$0
- Take-home pay$66,081
Marginal rate: 22% federal + 0.00% state
The Sioux Falls, SD-MN metro spans South Dakota, Minnesota. Pick the state you live in — state income tax follows your residence.
Loan Officer pay by experience in Sioux Falls, SD
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $60,600 | $29.13 | $50,872 | $4,239 |
| 25th percentile | $69,180 | $33.26 | $57,498 | $4,792 |
| Median (50th) | $81,380 | $39.13 | $66,081 | $5,507 |
| 75th percentile | $103,800 | $49.90 | $81,853 | $6,821 |
| 90th percentile (top earners) | $130,360 | $62.67 | $100,367 | $8,364 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, South Dakota resident, 2026 tax rules.
What $81,380 buys in Sioux Falls, SD
Prices in Sioux Falls, SD are 9.4% lower than the U.S. average (housing costs are 22% below the national average). Adjusted for local prices, a median loan officer's $66,081 take-home pay has the buying power of $72,912 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Sioux Falls, SD has 2.2× the national concentration of loan officer jobs — a strong local market for this occupation.
Best-paying cities for loan officers, adjusted for cost of living
Sioux Falls, SD ranks #3 of 86 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Des Moines, IA | $101,190 | $76,824 | $83,776 |
| 2 | Wichita, KS | $99,170 | $73,862 | $83,042 |
| 3 | Sioux Falls, SD | $81,380 | $66,081 | $72,912 |
| 4 | Bridgeport, CT | $103,850 | $77,752 | $72,758 |
| 5 | Minneapolis, MN | $102,200 | $75,301 | $71,837 |
| 6 | Denver, CO | $100,130 | $75,574 | $71,443 |
| 7 | Fayetteville, AR | $84,200 | $64,994 | $71,146 |
| 8 | Columbia, MO | $81,850 | $63,502 | $71,001 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 86 metros →
Frequently asked questions
How much does a loan officer make in Sioux Falls, SD?
The median loan officer salary in the Sioux Falls, SD-MN metro area is $81,380 a year, or about $39.13 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $69,180 and $103,800.
What is a loan officer’s take-home pay in Sioux Falls, SD?
On the median $81,380 salary, a single filer living in South Dakota takes home about $66,081 a year ($5,507 a month) after federal tax, Social Security, Medicare in 2026.
Is Sioux Falls, SD a good place to work as a loan officer?
Pay here is 6% above the national median of $76,690. Local prices are 9.4% below the U.S. average, so the take-home pay buys what $72,912 would in a typical U.S. city. Sioux Falls, SD ranks #3 of 86 metro areas for cost-of-living-adjusted pay in this job.
Can a loan officer afford rent in Sioux Falls, SD?
HUD’s fair market rent for a one-bedroom in Sioux Falls, SD is $978 a month ($1,150 for two bedrooms) — 18% of a median loan officer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Sioux Falls, SD
- Financial and Investment Analyst — $99,140
- Management Analyst — $84,930
- Project Management Specialist — $84,190
- Accountant and Auditor — $80,920
- Claims Adjusters, Examiners, and Investigators — $78,900
- Compliance Officer — $77,030
- Cost Estimator — $76,130
- Human Resources Specialist — $68,230
- Market Research Analyst and Marketing Specialist — $66,060