Business & Finance Sioux City, IA
Pop. 85,797
Loan Officer Salary in Sioux City, Iowa
The median loan officer salary in Sioux City, IA is $55,222 per year, which is 16% below the national median and 5.6% below the Iowa state average.
City Median
$55,222
vs State Avg
$-3,287
vs National
$-10,518
Cost of Living
84%
Loan Officer Salary in Sioux City by Experience
In Sioux City, an entry-level loan officer earns around $31,920, while experienced professionals earn up to $109,200 per year. The local cost of living index is 84% of the national average.
Entry Level (0-2 yrs)
$31,920
$-6,080 vs national
Mid Level (3-7 yrs)
$55,440
$-10,560 vs national
Senior Level (8+ yrs)
$109,200
$-20,800 vs national
Salary Percentiles in Sioux City, IA
| Percentile | Sioux City |
|---|---|
| 10th Percentile | $29,568 |
| 25th Percentile | $38,136 |
| Median (50th) | $55,222 |
| 75th Percentile | $84,000 |
| 90th Percentile | $129,192 |
Loan Officer Salary in Other Iowa Cities
How to Become a Loan Officer in Sioux City
Education
Most loan officer positions require a bachelor's degree. Sioux 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 Sioux City may vary based on local industry and population growth.