How much does a loan officer make in Memphis?
$63,250a year
Median yearly pay for loan officers in the Memphis, TN-MS-AR metro area. That is $30.41 an hour or $5,271 a month.
- Hourly
- $30.41
- Vs. national median
- -18%
- Rank among cities
- 264 of 383
- Jobs in the area
- 930
Pay range
Lowest 10%: $38,210Median: $63,250Highest 10%: $131,400
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $38,210 | $18.37 | |
| 25th | $47,430 | $22.80 | |
| Median | $63,250 | $30.41 | |
| 75th | $89,780 | $43.16 | |
| 90th | $131,400 | $63.16 |
Other cities in Tennessee
Median yearly pay for loan officers.
| Knoxville, TN | $63,830 |
| Johnson City, TN | $63,590 |
| Nashville, TN | $62,800 |
| Chattanooga, TN | $62,460 |
| Jackson, TN | $61,500 |
| Clarksville, TN | $60,270 |
| Kingsport, TN | $60,250 |
| Cleveland, TN | $57,010 |
| Morristown, TN | $47,130 |
Related jobs in Memphis
Same field, median yearly pay.
| Financial Examiner | $102,400 |
| Personal Financial Advisor | $100,100 |
| Management Analyst | $94,980 |
| Budget Analyst | $93,450 |
| Financial and Investment Analyst | $91,180 |
| Financial Risk Specialist | $88,910 |
| Project Management Specialist | $85,130 |
| Insurance Underwriter | $80,160 |
| Claims Adjuster | $78,850 |
| Accountant and Auditor | $76,960 |
Frequently asked questions
How much does a loan officer make an hour in Memphis?
The median hourly pay in the Memphis, TN-MS-AR metro area is $30.41 ($63,250 a year).
Do loan officers make more in Memphis than the national average?
No: $63,250 against $76,690 nationally, 18% less.
How does Memphis compare with the rest of Tennessee?
The median in Tennessee is $62,800, so Memphis pays 1% more.
Where does Memphis rank for loan officer pay?
264 of 383 metro areas with data.
How much does a loan officer make starting out in Memphis?
The lowest-paid 10% make $38,210 or less a year; the top 10% make $131,400 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.