Midwestone Salary

Midwestone pays its employees an average of $90,980 per year. The average salary at Midwestone range from $79,765 to $103,301 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

The salary at Midwestone is lesser than the similar company. The average annual salary at Midwestone is $90,980, or an hourly wage of $44, in comparison to MIDWESTONE BANK - SBA LOAN OFFICE which pays $101,601 per year or $49 per hour.

In many roles at Midwestone, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Iowa City's Cost of Living Index is approximately 94.7 (5.3% less expensive than US average; 5.3% more than IA average). This significantly impacts the purchasing power of a salary from Midwestone based there. Our "Cost of Living Insights for Iowa City" module details this impact, helping you assess the 'real feel' value of your compensation.

Midwestone generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Midwestone" section on this page.