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Loan Officers Salary in Tennessee
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Tennessee?
Last updated: 2025 data from the Bureau of Labor Statistics
$62,800
Median Annual Salary
▼
-0.6% vs 2024
$71,590
Mean Salary
$62,800
Median Salary
$30.19
Hourly Rate
6,510 people work as Loan Officers in Tennessee
Loan Officers salary by percentile in Tennessee
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Tennessee earn a median salary of $62,800 per year ($5,233/month).
This is 17.8% below the national average of $76,354.
Tennessee ranks #44 out of 51 states for Loan Officers pay.
Approximately 6,510 people work in this occupation across Tennessee.
Salaries decreased by 0.6% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Tennessee range from $38,240 at the 10th percentile (entry level) to $113,290 at the 90th percentile (experienced). The middle 50% earn between $47,250 and $81,600.
Median $62,800
P10: $38,240P25: $47,250P75: $81,600P90: $113,290
10th
$38,240
25th
$47,250
Median
$62,800
75th
$81,600
90th
$113,290
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$38,240
$18.38
$3,186
25th Percentile
$47,250
$22.72
$3,937
Median (50th)
$62,800
$30.19
$5,233
75th Percentile
$81,600
$39.23
$6,800
90th Percentile (Experienced)
$113,290
$54.47
$9,440
Note: The mean (average) salary of $71,590 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in Tennessee is $62,800 as of 2025. The average (mean) salary is $71,590.
What is the salary range for a Loan Officers in Tennessee?
Salaries for Loan Officers in Tennessee range from $38,240 at the 10th percentile to $113,290 at the 90th percentile. The middle 50% earn between $47,250 and $81,600.
What is the starting salary for a Loan Officers in Tennessee?
Entry-level Loan Officers positions in Tennessee typically start around $38,240 (10th percentile). With some experience, salaries rise to $47,250 (25th percentile).
How many people work as Loan Officers in Tennessee?
According to 2025 BLS data, approximately 6,510 people are employed as Loan Officers in Tennessee.
What is the hourly rate for a Loan Officers in Tennessee?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Tennessee is approximately $30.19 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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