The median annual wage for Loan Officers in Cedar Rapids, IA is $78,210 (May 2024 BLS OES). The mean (average) is $87,550.
Pay spans roughly $44,270 at the 10th percentile to $141,690 at the 90th, so experience and specialisation move this figure a lot. At the median that is about $37.60 per hour. An estimated 220 people work as loan officers in Cedar Rapids, IA.
| Median (annual) | $78,210 |
| Mean (annual) | $87,550 |
| Median (hourly) | $37.60 |
| 10th percentile | $44,270 |
| 90th percentile | $141,690 |
| Employment | 220 |
Updated 2026-07-23.
Source: BLS OES May 2024 — bls.gov/oes. Checked 2026-07-23.