How much does a loan officer make in Rapid City?
$78,470a year
Median yearly pay for loan officers in the Rapid City, SD metro area. That is $37.73 an hour or $6,539 a month.
- Hourly
- $37.73
- Vs. national median
- +2%
- Rank among cities
- 108 of 383
- Jobs in the area
- 220
Pay range
Lowest 10%: $56,810Median: $78,470Highest 10%: $122,800
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $56,810 | $27.31 | |
| 25th | $60,950 | $29.30 | |
| Median | $78,470 | $37.73 | |
| 75th | $98,000 | $47.12 | |
| 90th | $122,800 | $59.04 |
Other cities in South Dakota
Median yearly pay for loan officers.
| Sioux City, IA | $81,780 |
| Sioux Falls, SD | $81,380 |
Related jobs in Rapid City
Same field, median yearly pay.
| Personal Financial Advisor | $103,800 |
| Management Analyst | $92,710 |
| Credit Analyst | $80,990 |
| Claims Adjuster | $79,780 |
| Logistician | $79,510 |
| Business Operations Specialist | $79,440 |
| Accountant and Auditor | $79,270 |
| Buyer and Purchasing Agent | $76,400 |
| Compliance Officer | $75,160 |
| Human Resources Specialist | $74,980 |
Frequently asked questions
How much does a loan officer make an hour in Rapid City?
The median hourly pay in the Rapid City, SD metro area is $37.73 ($78,470 a year).
Do loan officers make more in Rapid City than the national average?
Yes: $78,470 against $76,690 nationally, 2% more.
How does Rapid City compare with the rest of South Dakota?
The median in South Dakota is $79,920, so Rapid City pays 2% less.
Where does Rapid City rank for loan officer pay?
108 of 383 metro areas with data.
How much does a loan officer make starting out in Rapid City?
The lowest-paid 10% make $56,810 or less a year; the top 10% make $122,800 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.