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Loan Officer Salary Information in Iowa

The average annual and hourly salaries for loan officers in the state of Iowa are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of loan officers among Iowa cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Loan Officers in Iowa

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,950
25th Percentile Wage
$46,560
50th Percentile Wage
$64,220
75th Percentile Wage
$86,730
90th Percentile Wage
$105,930

Table 1 shows the average annual salary for loan officers in Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $105,930. The median (50th percentile) annual salary is $64,220. The average annual salary for the bottom 10 percent is $36,950.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$64,220
0.05% 11.07%
2016
$64,190
3.24% -
2015
$62,110
2.50% -
2014
$60,560
2.48% -
2013
$59,060
3.30% -
2012
$57,110
- -

Table 3. Median Annual Salary of Loan Officers in Iowa Cities

Table 3 shows the median annual salary of loan officers in some Iowa cities and metropolitan areas. We note that the median annual salary of loan officers in state of Iowa ranges from $47,150 to $78,290. The highest paying area for loan officers in Iowa is Waterloo-Cedar Falls with a median annual salary of $78,290. The second highest paying city/area in Iowa State is Northeast Iowa nonmetropolitan area (mean annual salary $75,090). The lowest paying area is Ames with a median annual salary of $47,150.

Cities/Areas Median Annual Salary
Waterloo-Cedar Falls
$78,290
Northeast Iowa nonmetropolitan area
$75,090
Southwest Iowa nonmetropolitan area
$72,330
Iowa City
$68,010
Des Moines-West Des Moines
$64,590
Dubuque
$61,410
Cedar Rapids
$58,260
Southeast Iowa nonmetropolitan area
$57,320
Davenport-Moline-Rock Island
$55,490
Northwest Iowa nonmetropolitan area
$55,340
Ames
$47,150




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