Personal loans in Wakonda, SD
A lender that serves Wakonda operates under South Dakota lending statutes and a South Dakota supervisor.
With roughly 350 residents, Wakonda is a small community, and the lending rules its borrowers live under are written in South Dakota, not by the city. An estimated 350 people make their home in Wakonda, a figure that ranks 145th in South Dakota. From the 2020 Census base to the 2023 estimate, the population rose by about 0.9%. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Wakonda loan. The closest larger city is Irene, SD about 6 miles away.
Where Wakonda stands
Here is the sourced Census picture for Wakonda, plus the South Dakota lending rules that apply to a loan taken out here.
- Population: about 350 people live here, which puts Wakonda 145th of 309 Census places in South Dakota (Vintage 2023).
- Population trend: The 2020-to-2023 change is positive, near 0.9%.
- Net change: roughly 3 more people than the 2020 Census counted.
- Size percentile: roughly 53% of South Dakota places rank below Wakonda.
- Density: roughly 907 residents per square mile, spread over 0.4 sq mi of land.
- By land area: Wakonda ranks 204th among South Dakota's 309 places, at 0.4 sq mi.
- Within South Dakota: about 0.1% of the state's population lives in Wakonda.
- National rank: Wakonda sits 14,595th by population among the 19,457 places in this dataset.
- Growth rank: Wakonda's 2020-to-2023 change ranks 119th of 309 places in South Dakota.
- State comparison: South Dakota's places average +0.9% for 2020-to-2023, against Wakonda's 0.9%.
- Density rank: Wakonda is the 86th most densely settled place in South Dakota.
- Density in context: Wakonda's 907 people per square mile sit against a South Dakota median of 581.
- Location: 43.0081 / -97.1060, per the US Census Bureau Gazetteer.
- Nearest larger cities: Irene (6 mi); Gayville (9 mi); Centerville (11 mi); Viborg (11 mi); Yankton (17 mi). A branch is convenient; it is not what sets your APR.
- Smaller communities close by: Volin (5 mi); Mission Hill (11 mi); St. Helena (15 mi), each with its own Census population profile.
- Within a 50-mile radius: 35 smaller Census places.
- At 100 miles: 187 larger Census places fall inside that radius.
Wakonda in state context
Against South Dakota's other places, Wakonda accounts for about 0.1% of the state's population and ranks 145th of 309 by size. On the 2020-to-2023 trend, Wakonda stands 119th among South Dakota's 309 places — roughly the 61th percentile. Its roughly 907 residents per square mile place it 86th among South Dakota's places. The population moved by about 3 people between 2020 and 2023, a 0.9% shift.
Lender access in Wakonda
At roughly 907 people per square mile, Wakonda is moderately settled; 57 larger places lie within 50 miles. A South Dakota licence lets a lender serve Wakonda without a local office, so branch density does not change what its 350 residents are offered. The nearest bigger place is Irene, SD about 6 miles away.
What shapes a Wakonda personal loan
With roughly 350 residents, Wakonda is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Because pricing is borrower-level, two people in Wakonda can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Wakonda loan is knowable in advance — unlike a revolving card balance.
What South Dakota law requires in Wakonda
Read the table as a lender's compliance picture for Wakonda: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | South Dakota Division of Banking (Department of Labor and Regulation) Source says: "The Division of Banking is charged with the regulation and supervision of state chartered and licensed financial institutions." | South Dakota Division of Banking (Department of Labor and Regulation) as of 2026-09-16 |
| Small-loan / installment lender licensing | Money Lender license (SDCL ch. 54-4) required for anyone lending money or creating/holding/purchasing retail installment contracts; payday and title lenders are licensed as money lenders. Source says: "to be a Money Lender and subject to the licensing requirements of South Dakota Codified Laws (SDCL) Chapter 54-4"; "Payday and title lenders are also licensed as Money Lenders under SDCL Chapter 54-4." | South Dakota Division of Banking (Department of Labor and Regulation) as of 2026-09-16 |
| Initiated Measure 21 anti-evasion rule (state-specific rule) | Initiated Measure 21 (2016) also bars evasion by indirect means; applies to loans originated, refinanced, rolled over, renewed or flipped after November 15, 2016. Source says: "prohibits these money lenders from evading this rate limitation by indirect means... a loan made in violation of this measure is void" (Division of Banking guidance on Initiated Measure 21). | South Dakota Division of Banking (Department of Labor and Regulation) as of 2026-09-16 |
Wakonda: area, density and distance
Wakonda covers about 0.4 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. That land carries about 907 people per square mile. The largest place in South Dakota, Sioux Falls, lies about 41 miles away. Within 50 miles of Wakonda there are 57 larger Census places. By land area it ranks 204th of 309 South Dakota places.
Common questions
What are my options in Wakonda if my credit is poor?
What loan size can I expect in Wakonda?
Do I have to pledge anything to borrow in Wakonda?
Does comparing loans in Wakonda cost me credit score points?
Nearby places
- Volin, SD — population 157
- Irene, SD — population 435
- Gayville, SD — population 378
- Viborg, SD — population 834
- Centerville, SD — population 957
- Mission Hill, SD — population 187
- St. Helena, NE — population 89
- Hurley, SD — population 385