Loan Officers Salary in Waterloo, IA

BLS Occupational Employment & Wage Statistics • May 2025 • Waterloo-Cedar Falls, IA

Median annual salary $62,160 -16.2% vs national
Median hourly $29.88
10th percentile $48,900
90th percentile $125,110
Employed locally 190
National median $74,180

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Loan Officers
in
Waterloo, IA
vs

    Salary percentile breakdown

    10th
    $48,900
    25th
    $51,180
    50th (median)
    $62,160
    75th
    $92,060
    90th
    $125,110

    Waterloo economic context

    Unemployment rate 3.50% 2024 annual avg • BLS LAUS
    Median household income $68,916 2023 • Census ACS
    Loan Officers salary vs area income 90% Median Loan Officers salary is 10% below 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 Waterloo, IA

    OccupationMedian salary
    Accountants and Auditors$71,200
    Market Research Analysts and Marketing Specialists$63,010
    Training and Development Specialists$49,540
    Human Resources Specialists$59,970
    Buyers and Purchasing Agents$66,040
    Project Management Specialists$80,990

    Frequently asked questions

    How much do Loan Officers make per hour in Waterloo?

    The median hourly wage for Loan Officers in Waterloo, IA is $29.88, based on BLS OEWS 2025 data. Top earners (90th percentile) make $61.68 or more per hour.

    Is Waterloo above or below average for Loan Officers salaries?

    The median Loan Officers salary in Waterloo, IA is 16.2% below 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 Waterloo?

    Entry-level Loan Officers (10th percentile) earn around $48,900 per year in Waterloo, IA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $51,180.