2024 Salary Data

Loan Officers Salary in Cedar Rapids, IA

Loan Officerss in Cedar Rapids, IA earn a median salary of $78,210 per year, which is 5.4% higher than the national median.

Median Salary

$78,210

5.4%vs national

Entry Level

$44,270

10th percentile

Experienced

$141,690

90th percentile

Employed

220

in Cedar Rapids, IA

Salary Distribution

Shows salary range from entry-level (10th percentile) to top earners (90th percentile)

How Much Do Loan Officerss Make in Cedar Rapids, IA?

According to the Bureau of Labor Statistics, Loan Officerss in the Cedar Rapids, IA metropolitan area earn a median annual salary of $78,210. The salary range varies significantly based on experience, with entry-level positions starting around $44,270 and experienced professionals earning up to $141,690 or more.

Entry Level

0-2 years experience

$44,270 - $55,960

Mid Career

2-8 years experience

$55,960 - $105,380

Senior Level

8+ years experience

$105,380 - $141,690

Cedar Rapids, IA vs National Average

Cedar Rapids, IA$78,210
National Average$74,180

Loan Officerss in Cedar Rapids, IA earn 5.4% more than the national median of $74,180.

Frequently Asked Questions

What is the average salary for a Loan Officers in Cedar Rapids, IA?
The median annual salary for Loan Officers in Cedar Rapids, IA is $78,210, according to Bureau of Labor Statistics data from 2024. This is 5.4% higher than the national median.
What is the starting salary for Loan Officers in Cedar Rapids, IA?
Entry-level Loan Officers positions in Cedar Rapids, IA typically start around $44,270 to $55,960 annually (10th to 25th percentile).
How much can experienced Loan Officerss make in Cedar Rapids, IA?
Experienced Loan Officerss in Cedar Rapids, IA can earn $105,380 to $141,690 annually (75th to 90th percentile).
How does Loan Officers salary in Cedar Rapids, IA compare to the national average?
Loan Officerss in Cedar Rapids, IA earn 5.4% more than the national median of $74,180.

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