LocalSalaryHub Salary Report
Loan Officers in Ames, IA · Generated August 12, 2026
Loan Officers Salary in Ames, IA $84,470/yr
$84,470
Mean: $96,090
~$65,887 est. take-home
$40.61
Based on 2,080 hrs/yr
100
100 = national avg
Very affordable
Affordability score: 100/100
$3,189/mo
56%
Salary Distribution
Where the median falls between the 25th and 75th percentile.
25th %
$75,860
Median
$84,470
75th %
$121,000
Median is in the 19th percentile of the typical range
Loan Officers in other IA cities
Compare the same occupation across cities in IA.
About Loan Officers salaries in Ames, IA
Loan Officers in Ames, IA earn a median of $84,470 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $96,090, which tends to skew higher because a small number of high earners pull the average up.
Most loan officers in this area earn between $75,860 and $121,000. Where you land depends on experience, employer type, and whether you have in-demand specializations.
That works out to roughly $40.61 per hour assuming a standard 2,080-hour work year. Actual hourly pay may differ for part-time or contract roles.
Career Outlook
4% growth. Mortgage volume swings with interest rates, but commercial lending, SBA loans, and fintech platforms create steadier demand. When rates drop, refinance booms create temporary spikes in hiring.
Worth knowing: Commercial loan officers consistently out-earn consumer loan officers. The commission structure matters more than the base salary — top producers at commercial banks can double their base through origination fees.
Loan Officers Jobs in Ames, IA
Median: $84,470/yr — browse openings that fit.
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Frequently Asked Questions
What is the average salary for a loan officers in Ames?▾
The median — where half earn more and half earn less — is $84,470. The average (mean) is $96,090, which is higher because top earners pull it up.
How much does a loan officers make per hour in Ames?▾
About $40.61/hour, based on a standard 2,080-hour work year. Part-time or overtime hours will change the actual rate.
What is the salary range for loan officers in Ames?▾
The middle 50% earn between $75,860 and $121,000. Below $75,860 is typically entry-level; above $121,000 usually means significant experience or specialized skills.
Salary Conversion Table
How does $84,470 per year break down across different time periods?
| Period | Gross | Est. Take-Home |
|---|---|---|
| Yearly | $84,470 | $65,887 |
| Monthly | $7,039 | $5,491 |
| Biweekly | $3,249 | $2,534 |
| Weekly | $1,624 | $1,267 |
| Hourly (40h/wk) | $40.61 | $31.68 |
| Hourly (35h/wk) | $46.41 | $36.2 |
| Hourly (30h/wk) | $54.15 | $42.24 |
| Daily (8h) | $325 | $253 |
Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.
Loan Officers: Highest-Paying Cities in the U.S.
Top 10 cities nationwide for loan officers, based on BLS median salary data.
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See more salary data
More pages tied to this occupation and region.
- Loan Officers salaries nationwide — the national median and the highest-paying metros for loan officers across all states.
- All IA salary data — every occupation we cover in IA, ranked by median pay, plus the cities that pay the most.
- Loan Officers in Enid, OK — the top-paying city for loan officers in our dataset, in case you are weighing a move out of Ames.
- Project Management Specialists salary overview — a closely related role (same SOC major group) with a national median of $93,644.