Loan Officer Salary in Tennessee (2026)
Tennessee · 12.0% below national average · Medium Demand
| City | Avg Salary | vs National | Demand |
|---|---|---|---|
| Nashville | $66,612 | -5.0% | Medium |
| Memphis | $58,899 | -16.0% | Medium |
Tennessee is home to a strong job market for Loan Officers. The state's key industries — Healthcare, Manufacturing, Tourism — generate significant demand for skilled professionals. At $70,118 per year, Tennessee's Loan Officer salaries are 12.0% lower than the national average.
The cost of living in Tennessee (index: 0.88) makes salaries stretch further than in higher-cost states. Entry-level professionals in Tennessee can expect to earn $36,903–$54,663, while experienced Loan Officers can command $94,624–$111,563.
Looking ahead, the Loan Officer profession in Tennessee is projected to grow at 2.2% annually. Major employers are actively hiring, and the state's investment in Healthcare continues to drive new opportunities for qualified candidates.
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What is the average Loan Officer salary in Tennessee?The average Loan Officer salary in Tennessee is $70,118 per year in 2026, which is 12.0% below the national average of $79,680.
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What city in Tennessee pays Loan Officers the most?Major metro areas typically pay Loan Officers the highest wages in Tennessee due to higher costs of living and competitive job markets.
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Is Tennessee a good state for Loan Officers?Tennessee has a strong job market with major industries in Healthcare, Manufacturing, Tourism. This makes it one of the better states for Loan Officer employment.
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How does Tennessee Loan Officer salary compare to the US average?At $70,118/year, Tennessee Loan Officer salaries are 12.0% lower than the national average of $79,680/year.