Loan Officer Salary in Tennessee
Based on 7K+ workers in Tennessee
Median Annual Salary (TN)
$62,800
$30.19/hr
vs National Average
$76,354
-17.8% vs national median
Salary Range (10th–90th)
$38K – $113K
7K employed in Tennessee
The median Loan Officer salary in Tennessee is $62,800 per year. This figure places Tennessee's median earnings for this profession at 18% below the national average. Currently, approximately 6,510 individuals are employed as loan officers across the state.
Several factors can influence a Loan Officer salary in Tennessee, including years of experience, the specific type of lending institution, and the geographic location within the state. Performance-based bonuses and commission structures also play a significant role in determining an individual's total compensation.
Salary Distribution — Loan Officer in Tennessee
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $38,240 |
| 25th percentile | $47,250 |
| Median (50th percentile) | $62,800 |
| 75th percentile | $81,600 |
| 90th percentile | $113,290 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Tennessee tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Tennessee vs National
| Year | Median Salary (Tennessee) |
|---|---|
| 2022 | $63,250 |
| 2023 | $62,240 |
| 2024 | $63,160 |
| 2025 | $62,800 |
| 2026 (projected) | $62,800 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Tennessee Median | National Median |
|---|---|---|
| 2022 | $63,250 | $68,453 |
| 2023 | $62,240 | $70,692 |
| 2024 | $63,160 | $73,485 |
| 2025 | $62,800 | $76,354 |
| 2026 (projected) | $62,800 | $76,354 |
Loan Officer Salary by Experience Level in Tennessee
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $47,250 |
| Mid-level | 3-5 yrs | $62,800 |
| Senior | 6-9 yrs | $81,600 |
| Staff / Lead | 10+ yrs | $113,290 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Tennessee
How other high-demand occupations in Tennessee compare to Loan Officer ($62,800 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in TN | $141,010 | +124.5% | $67.79/hr |
| Economist in TN | $117,650 | +87.3% | $56.56/hr |
| Actuary in TN | $108,930 | +73.5% | $52.37/hr |
| Financial Analyst in TN | $92,990 | +48.1% | $44.71/hr |
| Financial Examiner in TN | $87,110 | +38.7% | $41.88/hr |
| Budget Analyst in TN | $86,570 | +37.9% | $41.62/hr |
| Personal Financial Advisor in TN | $84,160 | +34.0% | $40.46/hr |
| Accountant in TN | $76,840 | +22.4% | $36.94/hr |
| Credit Analyst in TN | $72,550 | +15.5% | $34.88/hr |
| Tax Examiner in TN | $69,240 | +10.3% | $33.29/hr |
| Compliance Officer in TN | $63,960 | +1.8% | $30.75/hr |
| Securities Sales Agent in TN | $58,050 | -7.6% | $27.91/hr |
Frequently Asked Questions
What is the average salary for a Loan Officer in Tennessee?
- The median salary for a Loan Officer in Tennessee is $62,800 per year, which equates to approximately $30 per hour. This is 17.8% lower than the national average salary for this role.
How much can a Loan Officer in Tennessee expect to earn?
- Loan Officers in Tennessee typically earn between $38,240 and $113,290 annually. The median income falls at the $62,800 mark for the state.
Is the salary for Loan Officers in Tennessee higher or lower than the national average?
- Loan Officers in Tennessee earn less than the national average, with a median salary of $62,800 per year, which is 17.8% lower than the national median. The salary range in Tennessee is $38,240 to $113,290.
What is the hourly wage for a Loan Officer in Tennessee?
- The average hourly wage for a Loan Officer in Tennessee is around $30 per hour. This is derived from the median annual salary of $62,800, with approximately 6,510 individuals employed in this field in the state.