Loan Interviewers and Clerks Salary
Loan Interviewers and Clerks in Cedar Rapids, IA make a median of $56,410 a year, or about $27.12 an hour. The range runs from $40K at the entry level to $63K for experienced workers. Cost of living is below average (RPP 88.96), which stretches that salary to about $63,411 in buying power. Rent on a 2-bedroom averages $956/month, or 25.8% of estimated take-home pay.
So what does $56K get you in Cedar Rapids?
Groceries, utilities, transportation, and healthcare scaled from national averages by Cedar Rapids’s Regional Price Parity (88.96). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About loan interviewers and clerks
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What this looks like in Cedar Rapids
Cedar Rapids sits well above the national pay line for loan interviewers and clerks, local pay runs about 13% higher than the U.S. median of $50K. Rent runs $956/month for a 2-bedroom (HUD FMR), taking 25.7% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 88.96 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan interviewers and clerks in metros near Cedar Rapids, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Des Moines-West Des Moines | $53K | $58K |
| Davenport-Moline-Rock Island | $49K | $55K |
| Waterloo-Cedar Falls | $47K | $54K |
| Iowa City | $54K | $59K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Cedar Rapids, IA
Entry-level loan interviewers and clerks (10th percentile) start around $40K. Mid-career wages sit at $56K. Top earners bring in $63K or more, a $23K spread from bottom to top.
Loan Interviewers and Clerks pay across states
Median income ranked highest to lowest, compared to the national figure
View Loan Interviewers and Clerks salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $77K | +54% | 140 |
| Maryland | $59K | +19% | 1,590 |
| Connecticut | $59K | +18% | 970 |
| Massachusetts | $59K | +18% | 2,080 |
| New Jersey | $59K | +17% | 3,620 |
| Washington | $59K | +17% | 3,290 |
| New York | $58K | +16% | 4,780 |
| North Carolina | $58K | +16% | 4,800 |
| Delaware | $58K | +15% | 950 |
| Oregon | $58K | +15% | 1,920 |
| California | $57K | +15% | 14,680 |
| Nevada | $57K | +14% | 1,520 |
| Colorado | $57K | +13% | 2,500 |
| New Hampshire | $56K | +12% | 520 |
| Hawaii | $55K | +11% | 450 |
| Minnesota | $52K | +3% | 2,850 |
| Rhode Island | $52K | +3% | 650 |
| Michigan | $52K | +3% | 7,930 |
| Alaska | $51K | +3% | 330 |
| North Dakota | $51K | +3% | 980 |
| Florida | $51K | +1% | 10,690 |
| Virginia | $50K | +0% | 3,990 |
| Arizona | $50K | +0% | 4,700 |
| Iowa | $50K | +0% | 2,380 |
| Vermont | $50K | +0% | 290 |
| Maine | $50K | +0% | 650 |
| Illinois | $50K | -0% | 6,850 |
| Texas | $50K | -0% | 17,090 |
| Ohio | $49K | -2% | 5,800 |
| Nebraska | $49K | -2% | 1,010 |
| Wisconsin | $49K | -2% | 4,270 |
| Montana | $48K | -3% | 640 |
| Georgia | $48K | -3% | 4,020 |
| Utah | $48K | -4% | 2,820 |
| Idaho | $48K | -4% | 1,240 |
| Wyoming | $48K | -4% | 300 |
| Kentucky | $48K | -4% | 3,690 |
| Kansas | $48K | -5% | 2,770 |
| South Carolina | $48K | -5% | 2,820 |
| Pennsylvania | $47K | -5% | 4,330 |
| Indiana | $47K | -5% | 3,350 |
| Oklahoma | $47K | -6% | 3,300 |
| Missouri | $47K | -6% | 5,080 |
| South Dakota | $47K | -6% | 1,710 |
| Louisiana | $47K | -7% | 2,010 |
| New Mexico | $46K | -8% | 880 |
| Tennessee | $45K | -10% | 3,990 |
| Arkansas | $45K | -10% | 1,970 |
| West Virginia | $42K | -15% | 840 |
| Alabama | $40K | -19% | 2,960 |
| Mississippi | $39K | -22% | 1,770 |
Showing 1–10 of 51 (all 50 states + DC)
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Frequently asked questions
Can a loan interviewers and clerk afford a 2BR apartment alone in Cedar Rapids?
Yes — at the median salary of $56K, rent takes 25.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $956/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for loan interviewers and clerks in Cedar Rapids?
The 10th-percentile wage — what new loan interviewers and clerks typically earn — is $40K/year. Take-home on that works out to about $2,393/month. At HUD’s $956/month FMR, rent would take 40% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan interviewers and clerk a high-paying job in Cedar Rapids?
Local pay is 13% above the national median — $56K here vs. $50K nationally.
How does Cedar Rapids compare to the national average for loan interviewers and clerks?
Cedar Rapids pays $56K median vs. the U.S. average of $50K — that’s +13%. After adjusting for local cost of living (RPP 88.96), the purchasing-power equivalent is $63K — still ahead of the national median.
How much do loan interviewers and clerks make in Cedar Rapids, IA?
The median is $56,410 a year, that works out to about $27 an hour. But the range is wide: entry-level workers start around $39,880, and experienced loan interviewers and clerks can clear $62,700. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $56K enough to live in Cedar Rapids?
On that salary, you'd take home roughly $3,715/month after taxes. A 2-bedroom here rents for about $956/month, which eats 25.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a loan interviewers and clerks salary go in Cedar Rapids?
Cedar Rapids has a Regional Price Parity of 88.96 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median loan interviewers and clerks salary is worth about $63,411 in national-average purchasing power.
Where do loan interviewers and clerks get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.