Loan Officers pay in Nashville-Davidson--Murfreesboro--Franklin
In Nashville-Davidson--Murfreesboro--Franklin (TN), the median pay for loan officers is $30.19 an hour ($62,800 a year). About 1,770 people work in this job there.
That is 18% lower than the U.S. median ($76,690). It is about the same as the Tennessee median ($62,800).
Pay range for loan officers in Nashville-Davidson--Murfreesboro--Franklin (TN)
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $18.92 | $39,350 |
| 25% of workers | $22.55 | $46,900 |
| Half of workers (median) | $30.19 | $62,800 |
| 75% of workers | $39.86 | $82,920 |
| 90% of workers | $55.39 | $115,210 |
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 (this page) | $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 Nashville-Davidson--Murfreesboro--Franklin (TN)
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $78,080 |
| Financial and Investment Analysts | $97,490 |
| Personal Financial Advisors | $91,040 |
Other job titles for this job
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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.