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.