How much does a loan officer make in Cedar Rapids?
$85,990a year
Median yearly pay for loan officers in the Cedar Rapids, IA metro area. That is $41.34 an hour or $7,166 a month.
- Hourly
- $41.34
- Vs. national median
- +12%
- Rank among cities
- 44 of 383
- Jobs in the area
- 190
Pay range
Lowest 10%: $49,820Median: $85,990Highest 10%: $136,600
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $49,820 | $23.95 | |
| 25th | $62,120 | $29.87 | |
| Median | $85,990 | $41.34 | |
| 75th | $103,000 | $49.51 | |
| 90th | $136,600 | $65.68 |
Other cities in Iowa
Median yearly pay for loan officers.
| Des Moines, IA | $101,200 |
| Iowa City, IA | $98,630 |
| Ames, IA | $84,470 |
| Sioux City, IA | $81,780 |
| Omaha, NE | $80,300 |
| Dubuque, IA | $76,170 |
| Davenport, IA | $75,380 |
| Waterloo, IA | $72,990 |
Related jobs in Cedar Rapids
Same field, median yearly pay.
| Management Analyst | $96,670 |
| Project Management Specialist | $93,760 |
| Personal Financial Advisor | $93,320 |
| Financial and Investment Analyst | $82,840 |
| Financial Examiner | $82,620 |
| Logistician | $81,810 |
| Labor Relations Specialist | $79,980 |
| Insurance Underwriter | $77,440 |
| Financial Specialist | $77,240 |
| Accountant and Auditor | $77,180 |
Frequently asked questions
How much does a loan officer make an hour in Cedar Rapids?
The median hourly pay in the Cedar Rapids, IA metro area is $41.34 ($85,990 a year).
Do loan officers make more in Cedar Rapids than the national average?
Yes: $85,990 against $76,690 nationally, 12% more.
How does Cedar Rapids compare with the rest of Iowa?
The median in Iowa is $83,670, so Cedar Rapids pays 3% more.
Where does Cedar Rapids rank for loan officer pay?
44 of 383 metro areas with data.
How much does a loan officer make starting out in Cedar Rapids?
The lowest-paid 10% make $49,820 or less a year; the top 10% make $136,600 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.