Loan Officers pay in Iowa
In Iowa, the median pay for loan officers is $40.23 an hour ($83,670 a year). About 2,840 people work in this job there.
That is 9% higher than the U.S. median ($76,690). Iowa ranks 12th of 51 states and territories for this job’s median pay.
Pay range for loan officers in Iowa
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $24.85 | $51,690 |
| 25% of workers | $32.00 | $66,550 |
| Half of workers (median) | $40.23 | $83,670 |
| 75% of workers | $50.38 | $104,790 |
| 90% of workers | $66.42 | $138,150 |
Loan Officers pay in Iowa metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Des Moines-West Des Moines | $101,190 | 650 |
| Iowa City | $98,630 | 120 |
| Cedar Rapids | $85,990 | 190 |
| Ames | $84,470 | 70 |
| Sioux City | $81,780 | 140 |
| Dubuque | $76,170 | 110 |
| Davenport-Moline-Rock Island | $75,380 | 350 |
| Waterloo-Cedar Falls | $72,990 | 190 |
Iowa unemployment rate: 3.2% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Iowa
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $77,440 |
| Financial and Investment Analysts | $92,370 |
| Personal Financial Advisors | $92,310 |
| Insurance Underwriters | $75,160 |
| Financial Specialists, All Other | $79,390 |
| Financial Examiners | $80,370 |
| Tax Preparers | $53,660 |
| Property Appraisers and Assessors | $80,160 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.