Loan Officer Salary in Iowa
The median loan officer salary in Iowa is $58,509 per year, which is 11% below the national median of $65,740.
Loan Officer Salary in Iowa by Experience
In Iowa, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The cost of living index in Iowa is 89% of the national average.
Salary Percentiles in Iowa
| Percentile | IA Salary |
|---|---|
| 10th Percentile | $31,328 |
| 25th Percentile | $40,406 |
| Median (50th) | $58,509 |
| 75th Percentile | $89,000 |
| 90th Percentile | $136,882 |
Loan Officer Salary by City in Iowa
The largest employment areas for loan officers in Iowa include Des Moines, Cedar Rapids, Davenport, and Sioux City. Salaries vary by city based on local cost of living and demand.
How to Become a Loan Officer in Iowa
Education
Most loan officer positions require a bachelor's degree. Iowa has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Iowa
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Iowa's demand may vary based on local industry trends.