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As of August 01, 2026, the average salary for a Loan Broker in South Dakota is $55,158 per year, which breaks down to an hourly rate of $27.
However, a Loan Broker's salary can vary significantly. Here’s a look at the typical salary range:
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Loan Broker Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,028 | $5,086 | $1,174 | $29 |
| Average | $55,158 | $4,597 | $1,061 | $27 |
| 25th Percentile | $48,866 | $4,072 | $940 | $23 |
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A Loan Broker'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.
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 Loan Brokers. For example, consider the average annual salaries in these key locations:
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:
For Loan Broker roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Loan Broker positions in Transportation or Retail & Wholesale typically offer lower base pay, as these industries often view Loan Broker as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $68,948 | $33.0 | 25% |
| Biotechnology | $66,190 | $32.0 | 20% |
| Software & Networking | $66,190 | $32.0 | 20% |
| Energy & Utilities | $63,432 | $30.0 | 15% |
| Chemicals | $60,674 | $29.0 | 10% |
Understanding how a Loan Broker'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $61,028 | $5,086 | $1,174 | $29 |
| Average | $55,158 | $4,597 | $1,061 | $27 |
| 25th Percentile | $48,866 | $4,072 | $940 | $23 |
Ready to take the next step in your career? Browse thousands of current Loan Broker job openings on our job board. Use the search bar below to find your perfect match.
Zillow
HARAHAN, LA
Zillow | HARAHAN, LA
Zillow is seeking a Remote Mortgage Loan Officer to guide borrowers through the digital home financing process. You’ll manage inbound leads from Zillow’s m... more
8 Days Ago
Zillow
QUIVIRA, KS
Zillow | QUIVIRA, KS
As a Mortgage Loan Officer at Zillow, you’ll guide homebuyers through the financing process, from pre-qualification to closing. You will consult with custo... more
8 Days Ago
Zillow
MOUNT RAINIER, MD
Zillow | MOUNT RAINIER, MD
Zillow is seeking a Remote Mortgage Loan Officer to guide borrowers through the digital home financing process. You’ll manage inbound leads from Zillow’s m... more
8 Days Ago
Zillow
TIMES SQUARE, WA
Zillow | TIMES SQUARE, WA
Zillow seeks a Mortgage Loan Officer to guide borrowers through the home financing process across our real estate marketplace. You will consult with leads,... more
8 Days Ago
Zillow
EAST IRVINE, CA
Zillow | EAST IRVINE, CA
Zillow is seeking a Mortgage Loan Officer to guide homebuyers through financing solutions in our digital real estate marketplace. You will manage a pipelin... more
8 Days Ago
Zillow
ELKINS PARK, PA
Zillow | ELKINS PARK, PA
Zillow is seeking a Remote Mortgage Loan Officer to guide borrowers through the digital home financing process. You’ll manage inbound leads from Zillow’s m... more
8 Days Ago
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