SOC 43-4131 · Waterloo-Cedar Falls, IA metro

Loan Interviewers and Clerks Salary in Waterloo, IA

The average salary for loan interviewers and clerks in Waterloo, Iowa is $49,370 a year ($23.74 an hour), according to BLS estimates for May 2025. The median is $46,800: half of the 190 people in this job in the Waterloo-Cedar Falls, IA metro area earn more than that, half earn less. That average is 8% less than the U.S. metro average for this job ($53,388).

$49,370average per year

$23.74 / hourMedian $46,800Take-home ≈ $40,585

  • $39K10th
  • $41K25th
  • $47KMedian
  • $55K75th
  • $64K90th

median average · bar = middle 50% of workers

190people in this job
-8%vs U.S. metro average
#7 of 8Iowa metros
87cost of living (U.S. = 100)
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Loan Interviewers and Clerks pay range in Waterloo

New workers and the lowest-paid 10% earn about $39,110 a year or less, while the top 10% make $63,690 or more. The middle half of loan interviewers and clerks in Waterloo earn between $41,170 and $55,450.

  • $39K10th
  • $41K25th
  • $47KMedian
  • $55K75th
  • $64K90th

median average · bar = middle 50% of workers

Pay levelPer yearPer monthPer hour*
Average$49,370$4,114$23.74
Median$46,800$3,900$22.50
Entry level (25th percentile)$41,170$3,431$19.79
Experienced (75th percentile)$55,450$4,621$26.66

*Hourly figures assume 2,080 paid hours a year.

Loan Interviewers and Clerks salary after taxes in Waterloo

On the average salary of $49,370, a single filer in Waterloo takes home about $40,585 a year, or $3,382 a month and $1,561 every two weeks. Taxes take 18% of gross pay.

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Iowa school district surtaxes (a percentage of state tax in some districts) are not included.

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Is Waterloo a good place for loan interviewers and clerks? Pay vs. cost of living

Prices in the Waterloo area are 13% below the U.S. average (BEA price parity 87.1), so the average $49,370 buys what about $56,710 would buy in a typical U.S. metro. This job pays 1.0 times the median wage of all jobs in Waterloo ($47,430). A typical home costs $200,191, or 4.1 years of this average salary before tax.

See what $49,370 is worth in another city

Loan Interviewers and Clerks salary in other Iowa cities

Waterloo ranks 7th of 8 Iowa metro areas for this job; Iowa City pays the most ($57,150).

All Loan Interviewers and Clerks salaries in Iowa

Highest-paying cities for loan interviewers and clerks

San Jose, CA pays this job the most of the metro areas we cover ($66,190).

Loan Interviewers and Clerks salary by city

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Loan Interviewers and Clerks salary in Waterloo: questions

How much do loan interviewers and clerks make an hour in Waterloo?

$23.74 an hour on average, and $22.50 at the median (BLS, May 2025).

What is the entry-level loan interviewers and clerks salary in Waterloo?

The lowest-paid 10% earn about $39,110 a year and the 25th percentile is $41,170, a fair guide to starting pay.

What is the loan interviewers and clerks take-home pay in Waterloo?

About $40,585 a year ($3,382 a month) for a single filer on the average salary of $49,370. Iowa school district surtaxes (a percentage of state tax in some districts) are not included.

Do loan interviewers and clerks earn more in Waterloo than elsewhere?

The average here is 8% less than the U.S. metro average for this job ($53,388).

Sources and how to read this page

  • Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 43-4131; area Waterloo-Cedar Falls, IA (47940). Relative standard error of the mean wage: 1.9%.
  • Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
  • Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
  • Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Iowa school district surtaxes (a percentage of state tax in some districts) are not included.
  • Job concentration: location quotient 2.10, this job is 2.1 times as concentrated as in the U.S. overall.

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