Business & Finance Des Moines, IA Pop. 214,133

Loan Officer Salary in Des Moines, Iowa

The median loan officer salary in Des Moines, IA is $60,481 per year, which is 8% below the national median and 3.4% above the Iowa state average.

City Median
$60,481
vs State Avg
+$1,972
vs National
$-5,259
Cost of Living
92%

Loan Officer Salary in Des Moines by Experience

In Des Moines, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$34,960
$-3,040 vs national
Mid Level (3-7 yrs)
$60,720
$-5,280 vs national
Senior Level (8+ yrs)
$119,600
$-10,400 vs national

Salary Percentiles in Des Moines, IA

Percentile Des Moines
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Iowa Cities

Iowa City, IA
$62,453
Pop. 74,828
Cedar Rapids, IA
$57,851
Pop. 137,710
Davenport, IA
$56,536
Pop. 101,724
Sioux City, IA
$55,222
Pop. 85,797

How to Become a Loan Officer in Des Moines

Education

Most loan officer positions require a bachelor's degree. Des Moines 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 Des Moines may vary based on local industry and population growth.

Find Loan Officer Jobs in Des Moines

Browse open loan officer positions in Des Moines, IA:

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Frequently Asked Questions: Loan Officer Salary in Des Moines

How much does a Loan Officer make in Des Moines, IA? ▼
The median loan officer salary in Des Moines, Iowa is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).
How much does a Loan Officer make per hour in Des Moines? ▼
Based on the median annual salary of $60,481, a loan officer in Des Moines earns approximately $29 per hour assuming a standard 2,080-hour work year.
How does Des Moines compare to the Iowa state average for loan officer pay? ▼
Des Moines's median loan officer salary of $60,481 is 3.4% above the Iowa state average of $58,509. The local cost of living index is 92% of the national average.
What is the cost of living in Des Moines, IA? ▼
Des Moines has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Des Moines has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Des Moines? ▼
Most loan officer positions in Des Moines 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.