Loan Officers pay in Tennessee
In Tennessee, the median pay for loan officers is $30.19 an hour ($62,800 a year). About 6,510 people work in this job there.
That is 18% lower than the U.S. median ($76,690). Tennessee ranks 44th of 51 states and territories for this job’s median pay.
Pay range for loan officers in Tennessee
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $18.39 | $38,240 |
| 25% of workers | $22.72 | $47,250 |
| Half of workers (median) | $30.19 | $62,800 |
| 75% of workers | $39.23 | $81,600 |
| 90% of workers | $54.47 | $113,290 |
Loan Officers pay in Tennessee metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Knoxville | $63,830 | 930 |
| Johnson City | $63,590 | 190 |
| Memphis | $63,250 | 930 |
| Nashville-Davidson--Murfreesboro--Franklin | $62,800 | 1,770 |
| Chattanooga | $62,460 | 480 |
| Jackson | $61,500 | 150 |
| Clarksville | $60,270 | 210 |
| Kingsport-Bristol | $60,250 | 260 |
| Cleveland | $57,010 | 90 |
| Morristown | $47,130 | 50 |
Tennessee unemployment rate: 3.4% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Tennessee
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $76,840 |
| Financial and Investment Analysts | $92,990 |
| Personal Financial Advisors | $84,160 |
| Financial Specialists, All Other | $69,240 |
| Tax Examiners and Collectors, and Revenue Agents | $51,630 |
| Credit Analysts | $72,550 |
| Tax Preparers | $36,600 |
| Insurance Underwriters | $78,840 |
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.