Business & Finance Davenport, IA Pop. 101,724

Loan Officer Salary in Davenport, Iowa

The median loan officer salary in Davenport, IA is $56,536 per year, which is 14% below the national median and 3.4% below the Iowa state average.

City Median
$56,536
vs State Avg
$-1,973
vs National
$-9,204
Cost of Living
86%

Loan Officer Salary in Davenport by Experience

In Davenport, an entry-level loan officer earns around $32,680, while experienced professionals earn up to $111,800 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$32,680
$-5,320 vs national
Mid Level (3-7 yrs)
$56,760
$-9,240 vs national
Senior Level (8+ yrs)
$111,800
$-18,200 vs national

Salary Percentiles in Davenport, IA

Percentile Davenport
10th Percentile $30,272
25th Percentile $39,044
Median (50th) $56,536
75th Percentile $86,000
90th Percentile $132,268

Loan Officer Salary in Other Iowa Cities

Iowa City, IA
$62,453
Pop. 74,828
Des Moines, IA
$60,481
Pop. 214,133
Cedar Rapids, IA
$57,851
Pop. 137,710
Sioux City, IA
$55,222
Pop. 85,797

How to Become a Loan Officer in Davenport

Education

Most loan officer positions require a bachelor's degree. Davenport and the surrounding Iowa area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Davenport may vary based on local industry and population growth.

Find Loan Officer Jobs in Davenport

Browse open loan officer positions in Davenport, IA:

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Frequently Asked Questions: Loan Officer Salary in Davenport

How much does a Loan Officer make in Davenport, IA? ▼
The median loan officer salary in Davenport, Iowa is $56,536 per year, which is 14% below the national median of $65,740. Salaries range from $30,272 (10th percentile) to $132,268 (90th percentile).
How much does a Loan Officer make per hour in Davenport? ▼
Based on the median annual salary of $56,536, a loan officer in Davenport earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Davenport compare to the Iowa state average for loan officer pay? ▼
Davenport's median loan officer salary of $56,536 is 3.4% below the Iowa state average of $58,509. The local cost of living index is 86% of the national average.
What is the cost of living in Davenport, IA? ▼
Davenport has a cost of living index of 86% compared to the national average. This means a loan officer salary of $56,536 in Davenport has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Davenport? ▼
Most loan officer positions in Davenport require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.