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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 metropolitan areas 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,660
25th Percentile Wage
$46,030
50th Percentile Wage
$64,190
75th Percentile Wage
$87,530
90th Percentile Wage
$110,520

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 $110,520. The median (50th percentile) annual salary is $64,190. The average annual salary for the bottom 10 percent is $36,660.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$17.62
25th Percentile Wage
$22.13
50th Percentile Wage
$30.86
75th Percentile Wage
$42.08
90th Percentile Wage
$53.13

Table 2 shows the average hourly salary for loan officers in Iowa in 5 percentile scales. The average hourly salary for the 90th percentile is $53.13. The median hourly salary is $30.86. The average hourly salary for the bottom 10 percent is $17.62.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201664,1903.24%11.03%
201562,1102.50%-
201460,5602.48%-
201359,0603.30%-
201257,110--

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 $49,520 to $80,300. The highest paying area for loan officers in Iowa is Iowa City with a median annual salary of $80,300. The second highest paying city/area in Iowa State is Northeast Iowa nonmetropolitan area (mean annual salary $77,400). The lowest paying area is Northwest Iowa nonmetropolitan area with a median annual salary of $49,520.

Cities/Areas Median Annual Salary
Iowa City
$80,300
Northeast Iowa nonmetropolitan area
$77,400
Southwest Iowa nonmetropolitan area
$74,330
Cedar Rapids
$70,610
Southeast Iowa nonmetropolitan area
$62,670
Ames
$62,630
Dubuque
$61,750
Davenport-Moline-Rock Island
$61,450
Des Moines-West Des Moines
$59,940
Waterloo-Cedar Falls
$53,630
Northwest Iowa nonmetropolitan area
$49,520


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