Loan Officer salary in Ames, IA
Loan Officers in the Ames, IA metro area earn a median of $84,470 a year ($40.61 an hour), based on BLS data for 70 workers.
Pay ranges from $56,170 for the lowest-paid 10% to $157,140 for the top 10%. That is 10% higher than the national median of $76,690. Pay here is 1% higher than the Iowa statewide median of $83,670. There are 1.2 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.69). The average (mean) salary is $96,090, above the median because a few high earners pull it up.
Pay range for loan officers in Ames, IA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $56,170 | $27.01 |
| 25th percentile | $75,860 | $36.47 |
| Median | $84,470 | $40.61 |
| 75th percentile | $121,000 | $58.18 |
| 90th percentile (top earners) | $157,140 | $75.55 |
| Average (mean) | $96,090 | $46.20 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,039.17 |
| Semi-monthly (24 a year) | $3,519.58 |
| Biweekly (26 a year) | $3,248.85 |
| Weekly | $1,624.42 |
| Hourly | $40.61 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Des Moines-West Des Moines, IA | $101,190 | 650 |
| Iowa City, IA | $98,630 | 120 |
| Cedar Rapids, IA | $85,990 | 190 |
| Sioux City, IA-NE-SD | $81,780 | 140 |
| Omaha, NE-IA | $80,300 | 910 |
| Dubuque, IA | $76,170 | 110 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Waterloo-Cedar Falls, IA | $72,990 | 190 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Iowa statewide figures.
Related jobs in Ames, IA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,320 | $38.14 |
| Budget Analyst | $84,030 | $40.40 |
| Property Appraisers and Assessors | $78,480 | $37.73 |
| Financial and Investment Analysts | $90,650 | $43.58 |
| Personal Financial Advisor | $90,590 | $43.55 |
| Business Operations Specialists, All Other | $76,510 | $36.78 |
| Market Research Analysts and Marketing Specialists | $61,100 | $29.37 |
| Human Resources Specialist | $70,060 | $33.68 |
| Project Management Specialist | $97,290 | $46.77 |
| Buyers and Purchasing Agents | $68,880 | $33.12 |
| Training and Development Specialists | $67,860 | $32.62 |
| Compliance Officer | $80,370 | $38.64 |
| Management Analyst | $88,510 | $42.56 |
| Meeting, Convention, and Event Planners | $47,980 | $23.07 |
More: Business and Financial Operations Occupations · all salaries in Ames, IA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Ames, IA?
The median salary for loan officers in the Ames, IA metro area is $84,470 a year, or $40.61 an hour. Pay ranges from $56,170 for the lowest-paid 10% to $157,140 for the top 10%.
How much do the highest-paid loan officers make in Ames, IA?
The top 10% of loan officers in the Ames, IA metro area earn at least $157,140 a year. The top 25% earn $121,000 or more.
What is the starting pay for loan officers in Ames, IA?
Entry-level pay (the 10th percentile) is about $56,170 a year, and a quarter of loan officers earn $75,860 or less.
How many loan officers work in Ames, IA?
About 70 loan officers are employed in the Ames, IA metro area, not counting the self-employed.