Loan Officers Salary in Tennessee
SOC 13-2072 · Tennessee · BLS OEWS May 2024
The median salary for Loan Officers in Tennessee is $63,149 per year ($30.36/hr). This is 14.9% lower than the national median of $74,173. The middle 50% earn between $48,464 and $87,110 annually. Top earners at the 90th percentile reach $117,811.
Wage Percentiles: Tennessee
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $18.43 | $38,334 | -0.4% |
| P25 | $23.30 | $48,464 | -4.0% |
| P50MEDIAN | $30.36 | $63,149 | -14.9% |
| P75 | $41.88 | $87,110 | -14.5% |
| P90 | $56.64 | $117,811 | -19.2% |
Market Context Signal
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
Frequently Asked Questions
What is the median loan officers salary in Tennessee?
The median (P50) annual salary for Loan Officers in Tennessee is approximately $63,149, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 14.9% lower than the national median of $74,173.
What is the salary range for entry-level loan officers in Tennessee?
Entry-level Loan Officers (10th percentile) in Tennessee earn approximately $38,334 per year. The 25th percentile is $48,464. Top earners (90th percentile) reach $117,811.
How does Tennessee compare to the national average for loan officers?
Tennessee pays 14.9% lower than the national average. The national P50 is $74,173 vs $63,149 in Tennessee. Based on BLS national data adjusted for regional cost factors.
Loan Officers Salary by Location
Other Roles in Tennessee
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