What are the main factors that influence a Consumer Loan Officer's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

What industry pays the highest salary for Consumer Loan Officer?

The Financial Services industry offers the highest average compensation for Consumer Loan Officer roles, with salaries approximately 40% above the market median.

How does experience change A Consumer Loan Officer's salary?

A Consumer Loan Officer's salary grows with experience: starting around $44,692 for beginners, reaching about $58,518 at mid-level, and approach $105,592 for experts.

What are the highest paying states for a Consumer Loan Officer?

Consumer Loan Officer salary varies significantly by state. The top 3 highest paying states for Consumer Loan Officer roles are District of Columbia $63,028, California $62,789, Massachusetts $61,952. These tech hubs typically pay 10-15% above the national average.

How much do different types of Consumer Loan Officer roles make?

Salaries for Consumer Loan Officer level roles vary by specialization: Consumer Loan Director: $181,610; Consumer Lending Officer III: $66,100; Consumer Loan Officer III: $66,096; Outbound Central Consumer Loan Officer: $56,899; Consumer Direct Loan Officer: $56,584.

Consumer Loan Officer Salary in South Dakota

How much does a Consumer Loan Officer make in South Dakota? As of September 01, 2026, the average salary for a Consumer Loan Officer in South Dakota is $51,734 per year, which breaks down to an hourly rate of $25.

However, a Consumer Loan Officer's salary can vary significantly. Here's a look at the typical salary range:

Top Earners (90th percentile): $69,169
Majority Range (25th-75th percentile): $47,269 to $60,860
Entry-Level (10th percentile): $43,203

10% $43,203

50% (Median) $51,734

90% $69,169

Consumer Loan Officer Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$60,860	$5,072	$1,170	$29
Average	$51,734	$4,311	$995	$25
25th Percentile	$47,269	$3,939	$909	$23

Salary Factors Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

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Check out Consumer Loan Officer Job Openings in South Dakota

Loan Officer

Explorers Federal Credit Union – Yankton, SD

Commercial Loan Officer

First Savings_Beresford – Sioux Falls, SD

Loan Officer Account Specialist

LPI Loans – Sioux Falls, SD

Ag Loan Officer

First Savings_Beresford – Bristol, SD

Key Factors That Influence Consumer Loan Officer Salaries

A Consumer Loan Officer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Consumer Loan Officer Salaries?

Experience is a primary driver of a Consumer Loan Officer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $44,692
Early Career (1-2 years): $49,833
Mid-Level (2-4 years): $58,518
Senior-Level (5-8 years): $85,594
Expert (over 8 years): $105,592

Job Role	Years of Experience	Average Salary
Consumer Loan Officer I	less than 1 year	$44,692
Consumer Loan Officer	1-2 years	$49,833
Consumer Loan Officer III	2-4 years	$58,518
Consumer Lending Manager	5-8 years	$85,594
Consumer Lending Senior Manager	over 8 years	$105,592

How Do Consumer Loan Officer Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Consumer Loan Officers. For example, consider the average annual salaries in these key locations:

District of Columbia: $63,028.
California: $62,789.
Massachusetts: $61,952.

District of Columbia $63,028 California $62,789 Massachusetts $61,952 Washington $61,725 New Jersey $61,702 Alaska $61,622 Connecticut $60,837 New York $60,518

Hawaii $59,499 Rhode Island $59,021 Maryland $58,696 Minnesota $58,252 Colorado $58,081 Illinois $58,025 Oregon $57,808 Delaware $57,649

New Hampshire $57,549 Virginia $57,324 Pennsylvania $56,670 Nevada $56,340 North Dakota $56,231 Michigan $56,061 Wisconsin $55,998 Vermont $55,873

Texas $55,526 Maine $55,503 Arizona $55,469 Ohio $55,429 Georgia $54,905 Indiana $54,643 Wyoming $54,592 Utah $54,512

Iowa $54,478 Kansas $54,205 Louisiana $54,125 North Carolina $54,097 Missouri $54,085 Florida $53,863 Montana $53,744 Nebraska $53,630

Kentucky $53,567 South Carolina $53,340 Tennessee $53,197 Idaho $53,140 New Mexico $52,725 Oklahoma $52,634 Alabama $52,298 South Dakota $51,734

Arkansas $51,427 West Virginia $51,262 Mississippi $50,767

Top Paying Cities for Consumer Loan Officer

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Alcester: $52,273
Aurora: $52,551
Baltic: $51,986

Alcester, SD $52,273

Aurora, SD $52,551

Baltic, SD $51,986

Beresford, SD $52,140

Brandon, SD $51,879

Brookings, SD $52,648

Burbank, SD $52,087

Canistota, SD $52,165

Canton, SD $52,017

Centerville, SD $52,143

Chancellor, SD $52,010

Chester, SD $52,139

Colman, SD $52,309

Colton, SD $52,092

Crooks, SD $51,957

Davis, SD $52,079

Dell Rapids, SD $52,082

Egan, SD $52,221

Elk Point, SD $51,923

Elkton, SD $52,584

Fairview, SD $52,093

Flandreau, SD $52,391

Freeman, SD $52,334

Garretson, SD $51,996

Gayville, SD $52,421

Harrisburg, SD $51,912

Hartford, SD $51,992

Hudson, SD $52,134

Humboldt, SD $52,066

Hurley, SD $52,145

Irene, SD $52,291

Jefferson, SD $51,729

Lennox, SD $52,011

Lesterville, SD $52,383

Lyons, SD $52,006

Madison, SD $52,412

Marion, SD $52,180

Menno, SD $52,355

Mission Hill, SD $52,395

Monroe, SD $52,124

Belle Fourche, SD $52,325

Black Hawk, SD $50,724

Box Elder, SD $50,790

Buffalo, SD $52,230

Buffalo Gap, SD $51,819

Camp Crook, SD $52,280

Caputa, SD $51,035

Custer, SD $51,708

Deadwood, SD $51,389

Edgemont, SD $52,204

Enning, SD $51,796

Fairburn, SD $51,230

Fort Meade, SD $51,225

Hermosa, SD $51,025

Hill City, SD $51,371

Hot Springs, SD $52,164

Howes, SD $51,911

Interior, SD $51,994

Keystone, SD $50,974

Kyle, SD $52,105

Lead, SD $51,860

Ludlow, SD $52,436

Manderson, SD $52,190

Mud Butte, SD $51,943

Nemo, SD $51,046

Newell, SD $52,044

New Underwood, SD $51,037

Nisland, SD $52,159

Oelrichs, SD $52,056

Oglala, SD $52,147

Oral, SD $52,009

Owanka, SD $51,289

Piedmont, SD $50,762

Pine Ridge, SD $52,244

Porcupine, SD $52,087

Pringle, SD $51,869

Quinn, SD $51,919

Redig, SD $51,858

Saint Onge, SD $52,005

Scenic, SD $51,636

Smithwick, SD $52,074

Spearfish, SD $52,240

Sturgis, SD $51,062

Union Center, SD $51,831

Vale, SD $51,668

Wall, SD $51,844

Wasta, SD $51,582

White Owl, SD $51,935

Whitewood, SD $51,786

Wounded Knee, SD $52,193

Leola, SD $52,502

Long Lake, SD $52,582

Mansfield, SD $52,471

Mellette, SD $52,520

Northville, SD $52,463

Onaka, SD $52,260

Orient, SD $52,339

Pierpont, SD $52,516

Redfield, SD $52,601

Rockham, SD $52,401

Roscoe, SD $52,308

Selby, SD $52,218

Seneca, SD $52,227

Stratford, SD $52,523

Tolstoy, SD $52,230

Tulare, SD $52,528

Turton, SD $52,531

Warner, SD $52,584

Westport, SD $52,511

Pierre, SD $47,960

Agar, SD $49,208

Belvidere, SD $51,918

Blunt, SD $47,960

Burke, SD $52,325

Colome, SD $52,261

Dallas, SD $52,245

Draper, SD $50,632

Fort Pierre, SD $48,101

Gregory, SD $52,301

Hamill, SD $52,171

Harrold, SD $48,240

Hayes, SD $51,384

Herrick, SD $52,295

Holabird, SD $49,328

Ideal, SD $52,157

Kadoka, SD $51,978

Kennebec, SD $51,396

Long Valley, SD $51,976

Lower Brule, SD $51,328

Martin, SD $52,101

Midland, SD $51,807

Milesville, SD $51,841

Mission, SD $52,212

Murdo, SD $51,487

Norris, SD $52,056

Okaton, SD $51,925

Okreek, SD $52,183

Onida, SD $48,431

Parmelee, SD $52,150

Philip, SD $51,916

Presho, SD $51,011

Reliance, SD $52,200

Rosebud, SD $52,269

Saint Charles, SD $52,352

Saint Francis, SD $52,169

Tuthill, SD $52,038

Vivian, SD $50,790

Wanblee, SD $52,073

White River, SD $52,050

Winner, SD $52,212

Witten, SD $52,119

Wood, SD $52,043

Mobridge, SD $52,228

Bison, SD $52,098

Bullhead, SD $52,497

Cherry Creek, SD $51,963

Dupree, SD $51,974

Eagle Butte, SD $52,029

Faith, SD $51,959

Glencross, SD $52,003

Glenham, SD $52,247

Herreid, SD $52,447

Isabel, SD $51,993

Keldron, SD $52,244

Lantry, SD $52,053

Lemmon, SD $52,439

Little Eagle, SD $52,489

Lodgepole, SD $52,298

Mc Intosh, SD $52,322

Mc Laughlin, SD $52,276

Meadow, SD $51,978

Morristown, SD $52,376

Mound City, SD $52,353

Pollock, SD $52,550

Prairie City, SD $52,166

Ralph, SD $52,336

Reva, SD $52,169

Ridgeview, SD $52,054

Timber Lake, SD $52,080

Trail City, SD $52,064

Wakpala, SD $52,277

Walker, SD $52,360

Watauga, SD $52,242

Whitehorse, SD $52,109

Rapid City, SD $50,715

Ellsworth Afb, SD $50,715

Allen, SD $52,100

Batesland, SD $52,122

Montrose, SD $52,165

North Sioux City, SD $51,647

Nunda, SD $52,387

Oldham, SD $52,502

Olivet, SD $52,379

Parker, SD $52,095

Ramona, SD $52,409

Renner, SD $51,925

Rowena, SD $51,890

Rutland, SD $52,341

Salem, SD $52,344

Scotland, SD $52,461

Sinai, SD $52,668

Springfield, SD $52,524

Tabor, SD $52,489

Tea, SD $51,953

Trent, SD $52,151

Tyndall, SD $52,474

Utica, SD $52,383

Valley Springs, SD $51,921

Vermillion, SD $52,395

Viborg, SD $52,277

Volga, SD $52,545

Volin, SD $52,335

Wakonda, SD $52,282

Wentworth, SD $52,322

Winfred, SD $52,347

Worthing, SD $52,003

Yankton, SD $52,596

Sioux Falls, SD $51,877

Vienna, SD $52,640

Wallace, SD $52,608

Waubay, SD $52,584

Webster, SD $52,596

White, SD $52,678

Willow Lake, SD $52,699

Wilmot, SD $52,635

Mitchell, SD $52,643

Alexandria, SD $52,450

Alpena, SD $52,539

Armour, SD $52,430

Artesian, SD $52,531

Avon, SD $52,445

Bonesteel, SD $52,343

Bridgewater, SD $52,309

Canova, SD $52,380

Carpenter, SD $52,660

Carthage, SD $52,543

Cavour, SD $52,612

Chamberlain, SD $52,375

Corsica, SD $52,440

Dante, SD $52,414

Delmont, SD $52,416

Dimock, SD $52,474

Emery, SD $52,396

Ethan, SD $52,502

Fairfax, SD $52,352

Fedora, SD $52,485

Fort Thompson, SD $51,760

Fulton, SD $52,492

Gann Valley, SD $52,267

Geddes, SD $52,364

Harrison, SD $52,404

Highmore, SD $51,396

Stephan, SD $51,623

Hitchcock, SD $52,570

Howard, SD $52,511

Huron, SD $52,749

Iroquois, SD $52,624

Kaylor, SD $52,531

Kimball, SD $52,372

Lake Andes, SD $52,449

Lane, SD $52,648

Letcher, SD $52,507

Marty, SD $52,617

Miller, SD $52,421

Mount Vernon, SD $52,473

New Holland, SD $52,551

Oacoma, SD $52,328

Parkston, SD $52,495

Pickstown, SD $52,529

Plankinton, SD $52,464

Platte, SD $52,375

Pukwana, SD $52,338

Ree Heights, SD $52,076

Saint Lawrence, SD $52,424

Spencer, SD $52,373

Stickney, SD $52,430

Tripp, SD $52,445

Virgil, SD $52,494

Wagner, SD $52,455

Wessington, SD $52,455

Wessington Springs, SD $52,447

White Lake, SD $52,395

Wolsey, SD $52,559

Woonsocket, SD $52,535

Yale, SD $52,655

Aberdeen, SD $52,660

Akaska, SD $52,190

Amherst, SD $52,579

Andover, SD $52,503

Ashton, SD $52,494

Barnard, SD $52,566

Bath, SD $52,549

Bowdle, SD $52,288

Brentford, SD $52,589

Britton, SD $52,727

Claremont, SD $52,535

Columbia, SD $52,471

Conde, SD $52,528

Cresbard, SD $52,398

Doland, SD $52,640

Eureka, SD $52,473

Faulkton, SD $52,393

Ferney, SD $52,719

Frankfort, SD $52,637

Frederick, SD $52,580

Gettysburg, SD $51,902

Groton, SD $52,555

Hecla, SD $52,655

Hosmer, SD $52,389

Houghton, SD $52,432

Hoven, SD $52,246

Ipswich, SD $52,444

Java, SD $52,214

Langford, SD $52,508

Lebanon, SD $51,989

Watertown, SD $52,749

Arlington, SD $52,609

Astoria, SD $52,693

Badger, SD $52,701

Big Stone City, SD $52,778

Bradley, SD $52,592

Brandt, SD $52,658

Bristol, SD $52,549

Bruce, SD $52,600

Bryant, SD $52,676

Castlewood, SD $52,643

Claire City, SD $52,723

Clark, SD $52,682

Clear Lake, SD $52,662

Corona, SD $52,724

De Smet, SD $52,655

Eden, SD $52,561

Erwin, SD $52,622

Estelline, SD $52,635

Florence, SD $52,618

Garden City, SD $52,627

Gary, SD $52,696

Goodwin, SD $52,596

Grenville, SD $52,548

Hayti, SD $52,663

Hazel, SD $52,639

Henry, SD $52,641

Kranzburg, SD $52,836

Labolt, SD $52,601

Lake City, SD $52,649

Lake Norden, SD $52,688

Lake Preston, SD $52,638

Marvin, SD $52,544

Milbank, SD $52,769

New Effington, SD $52,835

Ortley, SD $52,556

Peever, SD $52,626

Raymond, SD $52,652

Revillo, SD $52,633

Rosholt, SD $52,823

Roslyn, SD $52,537

Sisseton, SD $52,658

South Shore, SD $52,560

Stockholm, SD $52,561

Strandburg, SD $52,555

Summit, SD $52,559

Toronto, SD $52,637

Twin Brooks, SD $52,541

Veblen, SD $52,749

Consumer Loan Officer Salary by Industry: Top Paying Sectors

For Consumer Loan Officer roles, the industry you choose can affect earning potential by as much as 70% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 40% above the average. In contrast, Consumer Loan Officer positions in Insurance or Business Services typically offer lower base pay, as these industries often view Consumer Loan Officer as a support function rather than a direct revenue driver.

The top paying industries for a Consumer Loan Officer

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$72,428	$35.0	40%
Edu., Gov't. & Nonprofit	$56,908	$27.0	10%

Consumer Loan Officer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Consumer Loan Officer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

$47,269

Average $51,734/year

$60,860

$3,939

Average $4,311/month

$5,072

$909

Average $995/week

$1,170

$23

Average $25/hour

$29

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$60,860	$5,072	$1,170	$29
Average	$51,734	$4,311	$995	$25
25th Percentile	$47,269	$3,939	$909	$23

Find Your Next Consumer Loan Officer Job

Ready to take the next step in your career? Browse thousands of current Consumer Loan Officer job openings on our job board. Use the search bar below to find your perfect match.

Leadling | Sioux Falls, SD

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Leadling | Sioux Falls, SD

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Consumer Loan Officer Salary in South Dakota

Check out Consumer Loan Officer Job Openings in South Dakota

Key Factors That Influence Consumer Loan Officer Salaries

How Experience Level Affects Consumer Loan Officer Salaries?

How Do Consumer Loan Officer Salaries Vary from State to State?

Top Paying Cities for Consumer Loan Officer

Consumer Loan Officer Salary by Industry: Top Paying Sectors

The top paying industries for a Consumer Loan Officer

Consumer Loan Officer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Find Your Next Consumer Loan Officer Job

For Employees

For Employers

Where Does Our Salary Data Come From?

Are you an HR manager or compensation specialist?

Consumer Loan Officer Salary in South Dakota

Check out Consumer Loan Officer Job Openings in South Dakota

Key Factors That Influence Consumer Loan Officer Salaries

How Experience Level Affects Consumer Loan Officer Salaries?

How Do Consumer Loan Officer Salaries Vary from State to State?

Top Paying Cities for Consumer Loan Officer

Consumer Loan Officer Salary by Industry: Top Paying Sectors

The top paying industries for a Consumer Loan Officer

Consumer Loan Officer Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Salaries of jobs related to Consumer Loan Officer

Find Your Next Consumer Loan Officer Job

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Where Does Our Salary Data Come From?

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