As of July 01, 2026, the average salary for a Construction Loan Officer in South Dakota is $101,868 per year, which breaks down to an hourly rate of $49.
However, a Construction Loan Officer's salary can vary significantly. Here’s a look at the typical salary range:
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A Construction 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.
Experience is a primary driver of a Construction 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:
| Levels | Salary |
|---|---|
| Entry Level Construction Loan Officer | $97,526 |
| Intermediate Level Construction Loan Officer | $99,895 |
| Senior Level Construction Loan Officer | $105,261 |
| Specialist Level Construction Loan Officer | $108,455 |
| Expert Level Construction Loan Officer | $108,854 |
What Am I Worth?
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 Construction Loan Officers. For example, consider the average annual salaries in these key locations:
Construction Loan Officer salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $109,647. While startup companies pay approximate $92,825.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $92,825 |
| Growth Stage | 51~500 | $98,165 |
| Established | 501~5000 | $105,912 |
| Enterprise | 5000+ | $109,647 |
For Construction Loan Officer roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Construction sectors offer the strongest compensation, at 50% above the average. In contrast, Construction Loan Officer positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Construction Loan Officer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $152,802 | $73.0 | 50% |
| Construction | $132,429 | $64.0 | 30% |
Understanding how a Construction 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.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As a Construction Loan Officer, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Agricultural Loan Officer III | $92,227 | -9% |
| Lending Officer III | $86,775 | -15% |
| Small Business Administration (SBA) Loan Officer III | $94,898 | -7% |
Ready to take the next step in your career? Browse thousands of current Construction Loan Officer job openings on our job board. Use the search bar below to find your perfect match.
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