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 Pay in Sioux City: What to Expect (2026)

Sioux City offers a median loan officer salary of $55,222, which is $3,287 below the Iowa state average of $58,509. Compared to the national median of $65,740, Sioux City pays below the national benchmark for this role.

One of Sioux City's biggest advantages is its low cost of living at 84% of the national average. This means the $55,222 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Sioux City an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Sioux City spans from $29,568 at the 10th percentile to $129,192 at the 90th percentile — a $99,624 spread. Entry-level professionals start around $31,920, while senior loan officers with 8+ years of experience can earn up to $109,200. Sioux City is a smaller market (pop. 85,797), which may mean fewer openings but also less competition for available positions.

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

Iowa City, IA
$62,453
Pop. 74,828
Des Moines, IA
$60,481
Pop. 214,133
Cedar Rapids, IA
$57,851
Pop. 137,710
Davenport, IA
$56,536
Pop. 101,724

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.

Find Loan Officer Jobs in Sioux City

Browse open loan officer positions in Sioux City, IA:

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Frequently Asked Questions: Loan Officer Salary in Sioux City

How much does a Loan Officer make in Sioux City, IA? ▼
The median loan officer salary in Sioux City, Iowa is $55,222 per year, which is 16% below the national median of $65,740. Salaries range from $29,568 (10th percentile) to $129,192 (90th percentile).
How much does a Loan Officer make per hour in Sioux City? ▼
Based on the median annual salary of $55,222, a loan officer in Sioux City earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Sioux City compare to the Iowa state average for loan officer pay? ▼
Sioux City's median loan officer salary of $55,222 is 5.6% below the Iowa state average of $58,509. The local cost of living index is 84% of the national average.
What is the cost of living in Sioux City, IA? ▼
Sioux City has a cost of living index of 84% compared to the national average. This means a loan officer salary of $55,222 in Sioux 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 Sioux City? ▼
Most loan officer positions in Sioux 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.