Loan Interviewers and Clerks Salary
Loan Interviewers and Clerks in Waterloo-Cedar Falls, IA make a median of $46,800 a year, or about $22.5 an hour. The range runs from $39K at the entry level to $64K for experienced workers. Cost of living is below average (RPP 87.06), which stretches that salary to about $53,756 in buying power. A 2-bedroom apartment runs $1,051/month, about 32.9% of take-home, which is tight.
So what does $47K get you in Waterloo-Cedar Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Waterloo-Cedar Falls’s Regional Price Parity (87.06). 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 Waterloo-Cedar Falls
Loan interviewers and clerks pay in Waterloo-Cedar Falls tracks closely to the national median, $47K locally vs. $50K nationwide, a 6% difference. Rent runs $1,051/month for a 2-bedroom (HUD FMR), taking 33.7% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 87.06 (national = 100), meaning everyday costs run about 13% cheaper here. Your dollar stretches further than the headline salary suggests. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for loan interviewers and clerks in metros near Waterloo-Cedar Falls, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Des Moines-West Des Moines | $53K | $58K |
| Davenport-Moline-Rock Island | $49K | $55K |
| Cedar Rapids | $56K | $63K |
| 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, Waterloo-Cedar Falls, IA
Entry-level loan interviewers and clerks (10th percentile) start around $39K. Mid-career wages sit at $47K. Top earners bring in $64K or more, a $25K 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)
Track loan interviewers and clerks salary changes
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Frequently asked questions
Can a loan interviewers and clerk afford a 2BR apartment alone in Waterloo-Cedar Falls?
It’s a stretch — at the median salary of $47K, rent takes 33.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,051/month. The 30% guideline puts the comfortable ceiling at roughly $900/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan interviewers and clerks in Waterloo-Cedar Falls?
The 10th-percentile wage — what new loan interviewers and clerks typically earn — is $39K/year. Take-home on that works out to about $2,347/month. At HUD’s $1,051/month FMR, rent would take 45% 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 Waterloo-Cedar Falls?
Pay here is roughly in line with the national average — $47K locally vs. $50K nationally, a 6% difference.
How does Waterloo-Cedar Falls compare to the national average for loan interviewers and clerks?
Waterloo-Cedar Falls pays $47K median vs. the U.S. average of $50K — that’s -6%. After adjusting for local cost of living (RPP 87.06), the purchasing-power equivalent is $54K — still ahead of the national median.
How much do loan interviewers and clerks make in Waterloo-Cedar Falls, IA?
The median is $46,800 a year, that works out to about $23 an hour. But the range is wide: entry-level workers start around $39,110, and experienced loan interviewers and clerks can clear $63,690. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $47K enough to live in Waterloo-Cedar Falls?
On that salary, you'd take home roughly $3,117/month after taxes. A 2-bedroom here rents for about $1,051/month, which eats 33.7% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan interviewers and clerks salary go in Waterloo-Cedar Falls?
Waterloo-Cedar Falls has a Regional Price Parity of 87.06 (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 $53,756 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.