Loan Officer Salary in Iowa
Based on 3K+ workers in Iowa
Median Annual Salary (IA)
$83,670
$40.23/hr
vs National Average
$76,354
+9.6% vs national median
Salary Range (10th–90th)
$52K – $138K
3K employed in Iowa
Loan Officer salary in Iowa averages $83,670 per year, positioning the state favorably in the financial services sector. With approximately 2,840 loan officers employed throughout Iowa, this median compensation runs 10% above the national average, reflecting strong demand for lending professionals in the state's financial institutions and a competitive regional market.
Several factors influence loan officer earnings in Iowa, including experience level, employer type, and geographic location within the state. Salaries typically range from $51,690 to $138,150 annually, with variations based on whether professionals work for banks, credit unions, or mortgage companies. Performance metrics, loan volume, and commission structures also play significant roles in determining individual compensation packages.
Salary Distribution — Loan Officer in Iowa
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $51,690 |
| 25th percentile | $66,550 |
| Median (50th percentile) | $83,670 |
| 75th percentile | $104,790 |
| 90th percentile | $138,150 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Iowa tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Iowa vs National
| Year | Median Salary (Iowa) |
|---|---|
| 2022 | $78,100 |
| 2023 | $75,940 |
| 2024 | $80,070 |
| 2025 | $83,670 |
| 2026 (projected) | $87,432 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Iowa Median | National Median |
|---|---|---|
| 2022 | $78,100 | $68,453 |
| 2023 | $75,940 | $70,692 |
| 2024 | $80,070 | $73,485 |
| 2025 | $83,670 | $76,354 |
| 2026 (projected) | $87,432 | $79,787 |
Loan Officer Salary by Experience Level in Iowa
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $66,550 |
| Mid-level | 3-5 yrs | $83,670 |
| Senior | 6-9 yrs | $104,790 |
| Staff / Lead | 10+ yrs | $138,150 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Iowa
How other high-demand occupations in Iowa compare to Loan Officer ($83,670 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in IA | $133,320 | +59.3% | $64.10/hr |
| Actuary in IA | $128,690 | +53.8% | $61.87/hr |
| Economist in IA | $96,310 | +15.1% | $46.30/hr |
| Financial Analyst in IA | $92,370 | +10.4% | $44.41/hr |
| Personal Financial Advisor in IA | $92,310 | +10.3% | $44.38/hr |
| Budget Analyst in IA | $86,550 | +3.4% | $41.61/hr |
| Financial Examiner in IA | $80,370 | -3.9% | $38.64/hr |
| Tax Examiner in IA | $79,390 | -5.1% | $38.17/hr |
| Accountant in IA | $77,440 | -7.4% | $37.23/hr |
| Credit Analyst in IA | $76,760 | -8.3% | $36.90/hr |
| Compliance Officer in IA | $75,620 | -9.6% | $36.36/hr |
| Securities Sales Agent in IA | $64,290 | -23.2% | $30.91/hr |
Frequently Asked Questions
How much do loan officers make in Iowa?
- The median salary for loan officers in Iowa is $83,670 per year, or approximately $40 per hour. This is 9.6% higher than the national average, making it a well-compensated position in the state.
What is the salary range for loan officers in Iowa?
- Loan officers in Iowa earn between $51,690 and $138,150 annually, depending on experience, employer, and performance. This wide range reflects differences in career progression and specialization within the field.
Is the loan officer salary in Iowa above the national average?
- Yes, Iowa's median loan officer salary of $83,670 is 9.6% higher than the national average. This makes Iowa a competitive state for loan officer positions.
How many loan officers are employed in Iowa?
- There are approximately 2,840 loan officers currently employed in Iowa, representing a stable job market for professionals in this field.