Loan Officers Salary in Cedar Rapids, IA

BLS Occupational Employment & Wage Statistics • May 2025 • Cedar Rapids, IA

Median annual salary $78,210 +5.4% vs national
Median hourly $37.60
10th percentile $44,270
90th percentile $141,690
Employed locally 220
National median $74,180

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Loan Officers
in
Cedar Rapids, IA
vs

    Salary percentile breakdown

    10th
    $44,270
    25th
    $55,960
    50th (median)
    $78,210
    75th
    $105,380
    90th
    $141,690

    Cedar Rapids economic context

    Unemployment rate 3.30% 2024 annual avg • BLS LAUS
    Median household income $77,084 2023 • Census ACS
    Loan Officers salary vs area income 101% Median Loan Officers salary is 1% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    District of Columbia $102,200
    Des Moines-West Des Moines, IA $97,000
    Iowa City, IA $95,180
    Washington-Arlington-Alexandria, DC-VA-MD-WV $94,840
    Denver-Aurora-Centennial, CO $81,200
    Charlotte-Concord-Gastonia, NC-SC $81,160

    Related occupations in Cedar Rapids, IA

    OccupationMedian salary
    Accountants and Auditors$74,770
    Market Research Analysts and Marketing Specialists$64,390
    Project Management Specialists$83,410
    Human Resources Specialists$61,460
    Business Operations Specialists, All Other$69,990
    Buyers and Purchasing Agents$64,510

    Frequently asked questions

    How much do Loan Officers make per hour in Cedar Rapids?

    The median hourly wage for Loan Officers in Cedar Rapids, IA is $37.60, based on BLS OEWS 2025 data. Top earners (90th percentile) make $65.68 or more per hour.

    Is Cedar Rapids above or below average for Loan Officers salaries?

    The median Loan Officers salary in Cedar Rapids, IA is 5.4% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Cedar Rapids?

    Entry-level Loan Officers (10th percentile) earn around $44,270 per year in Cedar Rapids, IA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $55,960.