Loan Officers Pay Range in Tennessee
Pay distribution across experience levels
- 10th Percentile — Entry Level$38,240
- 25th Percentile — Junior$47,250
- 50th Percentile — Median$62,800
- 75th Percentile — Senior$81,600
- 90th Percentile — Top Earners$113,290
Half of Loan Officers in Tennessee earn more than $62,800. The top 10% make $113,290 or more, while entry-level workers start around $38,240.
Loan Officers in Tennessee: Key Facts
Source: BLS OEWS May 2025
- Tennessee ranks 50th of 51 states for Loan Officers pay, at $71,590 per year (18.5% below the U.S. average of $87,790).
- 6,510 people work as Loan Officers in Tennessee — 2.4% of all U.S. Loan Officers jobs.
- Location quotient 1.13: Loan Officers jobs are more concentrated in Tennessee than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $38,240; the top 10% earn over $113,290.
- Hourly equivalent: $34.42 per hour (2,080 hours/year).
- The highest-paying state is Massachusetts at $118,390.
- Among business jobs in Tennessee, Personal Financial Advisors pays the most ($153,140).
Loan Officers Job Market in Tennessee
Key factors affecting compensation
Tennessee's key industries are Healthcare, Manufacturing, Tourism, and its job market is rated strong. Loan Officers here earn $71,590 on average, placing the state 50th nationally.
With a cost-of-living index of 0.88 (U.S. = 1.00), a Tennessee salary of $71,590 is roughly equivalent to $81,352 at the national average cost of living.
Compared with nearby states in the pay ranking, Mississippi ($73,480), Utah ($73,370), Alaska ($73,300) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Tennessee
Related career salary benchmarks
- Personal Financial Advisors $153,140/yr Tennessee +113.9% vs this role
- Management Analysts $108,100/yr Tennessee +51.0% vs this role
- Financial Examiners $99,570/yr Tennessee +39.1% vs this role
- Financial and Investment Analysts $97,730/yr Tennessee +36.5% vs this role
- Project Management Specialists $93,630/yr Tennessee +30.8% vs this role
- Budget Analysts $92,220/yr Tennessee +28.8% vs this role
- Business Operations Specialists All Other $89,050/yr Tennessee +24.4% vs this role
- Accountants and Auditors $82,260/yr Tennessee +14.9% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Tennessee?
The average Loan Officers salary in Tennessee is $71,590 per year (median $62,800), which is 18.5% below the national average of $87,790.
How does Tennessee rank for Loan Officers pay?
Tennessee ranks 50th out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Tennessee?
The lowest-paid 10% of Loan Officers in Tennessee earn about $38,240 per year and the 25th percentile is $47,250.
How much do Loan Officers make per hour in Tennessee?
About $34.42 per hour, based on the $71,590 annual average and 2,080 working hours per year.
How many Loan Officers work in Tennessee?
BLS counts 6,510 Loan Officers jobs in Tennessee (OEWS May 2025).
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