Loan Officers Pay Range in Iowa
Pay distribution across experience levels
- 10th Percentile — Entry Level$51,690
- 25th Percentile — Junior$66,550
- 50th Percentile — Median$83,670
- 75th Percentile — Senior$104,790
- 90th Percentile — Top Earners$138,150
Half of Loan Officers in Iowa earn more than $83,670. The top 10% make $138,150 or more, while entry-level workers start around $51,690.
Loan Officers in Iowa: Key Facts
Source: BLS OEWS May 2025
- Iowa ranks 14th of 51 states for Loan Officers pay, at $93,090 per year (6.0% above the U.S. average of $87,790).
- 2,840 people work as Loan Officers in Iowa — 1.0% of all U.S. Loan Officers jobs.
- Location quotient 1.03: Loan Officers jobs are more concentrated in Iowa than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $51,690; the top 10% earn over $138,150.
- Hourly equivalent: $44.75 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Iowa, Personal Financial Advisors pays the most ($132,560).
Loan Officers Job Market in Iowa
Key factors affecting compensation
Iowa's key industries are Agriculture, Manufacturing, Finance, and its job market is rated moderate. Loan Officers here earn $93,090 on average, placing the state 14th nationally.
With a cost-of-living index of 0.86 (U.S. = 1.00), a Iowa salary of $93,090 is roughly equivalent to $108,244 at the national average cost of living.
Compared with nearby states in the pay ranking, Colorado ($97,840), California ($97,120), New Hampshire ($97,080) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Iowa
Related career salary benchmarks
- Personal Financial Advisors $132,560/yr Iowa +42.4% vs this role
- Project Management Specialists $106,580/yr Iowa +14.5% vs this role
- Financial and Investment Analysts $98,460/yr Iowa +5.8% vs this role
- Management Analysts $91,780/yr Iowa 1.4% vs this role
- Budget Analysts $91,730/yr Iowa 1.5% vs this role
- Financial Examiners $91,570/yr Iowa 1.6% vs this role
- Appraisers and Assessors of Real Estate $90,040/yr Iowa 3.3% vs this role
- Business Operations Specialists All Other $86,800/yr Iowa 6.8% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Iowa?
The average Loan Officers salary in Iowa is $93,090 per year (median $83,670), which is 6.0% above the national average of $87,790.
How does Iowa rank for Loan Officers pay?
Iowa ranks 14th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Iowa?
The lowest-paid 10% of Loan Officers in Iowa earn about $51,690 per year and the 25th percentile is $66,550.
How much do Loan Officers make per hour in Iowa?
About $44.75 per hour, based on the $93,090 annual average and 2,080 working hours per year.
How many Loan Officers work in Iowa?
BLS counts 2,840 Loan Officers jobs in Iowa (OEWS May 2025).
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