Loan Officer salary in Iowa City, IA
Loan Officers in the Iowa City, IA metro area earn a median of $98,630 a year ($47.42 an hour), based on BLS data for 120 workers.
Pay ranges from $51,500 for the lowest-paid 10% to $161,920 for the top 10%. That is 29% higher than the national median of $76,690. Pay here is 18% higher than the Iowa statewide median of $83,670. There are 1.3 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.72). The average (mean) salary is $98,600, close to the median.
Pay range for loan officers in Iowa City, IA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $51,500 | $24.76 |
| 25th percentile | $66,560 | $32.00 |
| Median | $98,630 | $47.42 |
| 75th percentile | $121,120 | $58.23 |
| 90th percentile (top earners) | $161,920 | $77.85 |
| Average (mean) | $98,600 | $47.41 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,219.17 |
| Semi-monthly (24 a year) | $4,109.58 |
| Biweekly (26 a year) | $3,793.46 |
| Weekly | $1,896.73 |
| Hourly | $47.42 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $98,630 salary, see how much house you can afford in Iowa at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Des Moines-West Des Moines, IA | $101,190 | 650 |
| Cedar Rapids, IA | $85,990 | 190 |
| Ames, IA | $84,470 | 70 |
| Sioux City, IA-NE-SD | $81,780 | 140 |
| Omaha, NE-IA | $80,300 | 910 |
| Dubuque, IA | $76,170 | 110 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Waterloo-Cedar Falls, IA | $72,990 | 190 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Iowa statewide figures.
Related jobs in Iowa City, IA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,100 | $36.11 |
| Financial and Investment Analysts | $80,810 | $38.85 |
| Personal Financial Advisor | $89,860 | $43.20 |
| Budget Analyst | $134,850 | $64.83 |
| Financial Examiner | $65,240 | $31.37 |
| Credit Counselor | $51,710 | $24.86 |
| Business Operations Specialists, All Other | $78,850 | $37.91 |
| Human Resources Specialist | $71,120 | $34.19 |
| Market Research Analysts and Marketing Specialists | $63,790 | $30.67 |
| Project Management Specialist | $96,820 | $46.55 |
| Buyers and Purchasing Agents | $66,660 | $32.05 |
| Compliance Officer | $79,060 | $38.01 |
| Training and Development Specialists | $64,650 | $31.08 |
| Management Analyst | $84,100 | $40.43 |
More: Business and Financial Operations Occupations · all salaries in Iowa City, IA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Iowa City, IA?
The median salary for loan officers in the Iowa City, IA metro area is $98,630 a year, or $47.42 an hour. Pay ranges from $51,500 for the lowest-paid 10% to $161,920 for the top 10%.
How much do the highest-paid loan officers make in Iowa City, IA?
The top 10% of loan officers in the Iowa City, IA metro area earn at least $161,920 a year. The top 25% earn $121,120 or more.
What is the starting pay for loan officers in Iowa City, IA?
Entry-level pay (the 10th percentile) is about $51,500 a year, and a quarter of loan officers earn $66,560 or less.
How many loan officers work in Iowa City, IA?
About 120 loan officers are employed in the Iowa City, IA metro area, not counting the self-employed.