Loan Officers in Iowa
May 2025 wages · tax year 2026
You keep
$65,124
after federal, FICA and Iowa tax
Tax takes
$18,546
22.2% of the whole
Worth, in national money
$73,365
Iowa costs less than average
On that salary you would be around the 25th percentile for this work in Iowa — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$83,670
Kept after tax
$65,124
Worth in national money
$73,365
State rank
12
of 51 states
What this pays, and what it is worth
- Iowa is one of the better-paying states for loan officers. The middle earner takes $83,670, which ranks 12 of 51 states with published figures. That is about 9.1% above the national middle.
- Within Iowa this is well-paid work. Of 493 occupations with published figures in the state, loan officers ranks 86 — in the top quarter of everything people do there.
- Cheaper living works in this state's favor. From $83,670 you keep $65,124 after tax, and local prices stretch that to the equivalent of $73,365 at national prices. Averages run higher here, $93,090, since top earners drag the number up.
- Iowa ranks 12 of 51 states publishing a median for loan officers, at $83,670 — about 9.1% above the national median. A state's position on nominal pay is the figure wage tables report and the least informative of the three on this page, because it survives neither the tax adjustment nor the price adjustment intact for most occupations.
- Ranked against every occupation Iowa publishes a median for, loan officers sits 86 of 493 — the upper quartile of the state's wage distribution. National standing and within-state standing are separate questions, and a job can occupy very different positions on each.
- Retained pay in Iowa is $65,124 after the full tax stack, from $83,670. Because the state's price level runs below the national average, the price-adjusted equivalent is $73,365 — a real-terms figure describing purchasing power rather than compensation, and not a number that appears on any pay stub. Mean pay of $93,090 exceeds the median, so the upper tail is doing the work.
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Pay band: Loan Officers
The state median for this job
| Lowest tenth earn under | $51,690 |
|---|---|
| Half earn under | $83,670 |
| Top tenth earn over | $138,150 |
| This salary | $83,670 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Iowa | $65,124 |
|---|---|
| Take-home in Texas | $67,692 |
| Once local prices are leveledBEA price parity | −$3,706 |
The raise and the real gain point in opposite directions here.
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $80,020 |
|---|---|
| Raise you would need | +$5,119 |
| Prices in Texas | 97 vs 89 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Iowa earn less than $83,670. The published range is $51,690 up to $138,150, so an individual figure can sit a long way from the middle in either direction.
- One filer, no dependants, no pension contributions — that is the household behind Iowa's $65,124, worked from $83,670. That is on purpose. It lets states be compared with each other, not with each other's family circumstances. Local city taxes are left out. Locally this work ranks 86 of 493.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $73,365 uses one figure for the whole of Iowa. A city and a rural county there can differ by more than two states do. Out of 493 occupations the state publishes, this one sits at 86.
- Reported values are medians; for loan officers in Iowa the tenth-to-ninetieth percentile band is $51,690 to $138,150. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- The Iowa take-home of $65,124, on $83,670 for work ranking 86 of 493 locally, models the simplest household deliberately: holding it constant is what makes the interstate comparison meaningful. It also means the absolute figure overstates liability for most real filers, and municipal income taxes are outside the model entirely. The occupation ranks 86 of 493 in the state.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $73,365, worked from $83,670, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular Iowa address, on work sitting at 86 of 493 locally.
Questions people ask
Is this the average pay for the job?
No — it is the middle. Half of these workers earn more and half earn less. The average is $93,090, pulled upward by the top of the range, which is why the middle is the fairer number to plan against.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $51,690 and the top tenth $138,150 — experience, employer and specialism separate them, and a single figure hides all three.
What does this pay actually buy where I live?
A smaller wage in a cheaper place is not automatically less. Adjusted for local prices, this is worth $73,365.
Where does the difference between the wage and my paycheck go?
Into four separate taxes, not one. Federal income tax, Social Security and Medicare apply everywhere, and Iowa adds its own income tax on top — which is why $65,124 of this wage survives to your account.
Can I compare this job across every state?
All 51 jurisdictions report this work, which makes the ranking a like-for-like one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Iowa is $93,090. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($51,690) and the ninetieth ($138,150) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Iowa's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $73,365 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $65,124 reflects federal income tax, OASDI, Medicare and Iowa income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.