How much does a loan officer make in Tennessee?
$62,800a year
Median yearly pay for loan officers in Tennessee. That is $30.19 an hour or $5,233 a month.
- Hourly
- $30.19
- Vs. national median
- -18%
- Rank among states
- 44 of 51
- Jobs in the state
- 6,510
Pay range
Lowest 10%: $38,240Median: $62,800Highest 10%: $113,300
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $38,240 | $18.38 | |
| 25th | $47,250 | $22.72 | |
| Median | $62,800 | $30.19 | |
| 75th | $81,600 | $39.23 | |
| 90th | $113,300 | $54.47 |
Cities in Tennessee
Metro areas, median yearly pay.
| Knoxville, TN | $63,830 |
| Johnson City, TN | $63,590 |
| Memphis, TN | $63,250 |
| 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 |
Nearby in the ranking
States with similar pay for loan officers.
| 41. Nevada | $64,500 |
| 42. Hawaii | $63,740 |
| 43. South Carolina | $63,220 |
| 44. Tennessee | $62,800 |
| 45. New Mexico | $62,610 |
| 46. Arizona | $62,160 |
| 47. Kentucky | $62,090 |
Frequently asked questions
How much does a loan officer make an hour in Tennessee?
The median hourly pay in Tennessee is $30.19 ($62,800 a year).
Do loan officers make more in Tennessee than the national average?
No: $62,800 against $76,690 nationally, 18% less.
Where does Tennessee rank for loan officer pay?
Tennessee ranks 44 of 51 states.
Which city in Tennessee pays loan officers the most?
Knoxville, TN, with a median of $63,830 a year.
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.