Business & Finance Iowa City, IA Pop. 74,828

Loan Officer Salary in Iowa City, Iowa

The median loan officer salary in Iowa City, IA is $62,453 per year, which is 5% below the national median and 6.7% above the Iowa state average.

City Median
$62,453
vs State Avg
+$3,944
vs National
$-3,287
Cost of Living
95%

Loan Officer Salary in Iowa City by Experience

In Iowa City, an entry-level loan officer earns around $36,100, while experienced professionals earn up to $123,500 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$36,100
$-1,900 vs national
Mid Level (3-7 yrs)
$62,700
$-3,300 vs national
Senior Level (8+ yrs)
$123,500
$-6,500 vs national

Salary Percentiles in Iowa City, IA

Percentile Iowa City
10th Percentile $33,440
25th Percentile $43,130
Median (50th) $62,453
75th Percentile $95,000
90th Percentile $146,110

Loan Officer Salary in Other Iowa Cities

Des Moines, IA
$60,481
Pop. 214,133
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 Iowa City

Education

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

Find Loan Officer Jobs in Iowa City

Browse open loan officer positions in Iowa City, IA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Iowa City

How much does a Loan Officer make in Iowa City, IA? ▼
The median loan officer salary in Iowa City, Iowa is $62,453 per year, which is 5% below the national median of $65,740. Salaries range from $33,440 (10th percentile) to $146,110 (90th percentile).
How much does a Loan Officer make per hour in Iowa City? ▼
Based on the median annual salary of $62,453, a loan officer in Iowa City earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Iowa City compare to the Iowa state average for loan officer pay? ▼
Iowa City's median loan officer salary of $62,453 is 6.7% above the Iowa state average of $58,509. The local cost of living index is 95% of the national average.
What is the cost of living in Iowa City, IA? ▼
Iowa City has a cost of living index of 95% compared to the national average. This means a loan officer salary of $62,453 in Iowa City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Iowa City? ▼
Most loan officer positions in Iowa City 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.