Loan Officer Salary in TennesseeNo State Income Tax
Loan Officers in Tennessee earn an average of $65,043 per year across 2 metro areas. This is +7.1% lower than the national average.
Average Salary
$65,043
per year
Hourly Rate
$31.27
per hour
vs National
-7.1%
$69,990 national
Salary Range
$41,348
to $92,487
Cost of Living Adjusted Salary
Nominal Salary
$65,043
Cost of Living Index
93
100 = national average
Adjusted Salary
$69,939
purchasing power equivalent
After adjusting for Tennessee's cost of living (below average), a Loan Officer's salary of $65,043 has the purchasing power of $69,939 in an average-cost area. Additionally, Tennessee has no state income tax, further increasing take-home pay.
Loan Officer Salary by City in Tennessee
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Nashville, TN | $67,762 | $32.58/hr | $42,665 | $97,881 | 305 |
| Memphis, TN | $62,324 | $29.96/hr | $40,030 | $87,092 | 264 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Tennessee vs National Average
Loan Officer Salary Comparison
Employment in Tennessee
There are approximately 569 Loan Officers employed across 2 metro areas in Tennessee.
Key Industries: Healthcare, Automotive, Music & Entertainment
State Income Tax: None (tax-free state)
Loan Officer Salary Range in Tennessee
Entry Level (10th Percentile)
$41,348
Starting salary for new Loan Officers
Median (50th Percentile)
$65,043
Mid-career Loan Officer salary
Senior (90th Percentile)
$92,487
Top earners in the field
Related Occupations in Tennessee
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Tennessee with nearby states to find the best opportunities.
More Tennessee Data
Frequently Asked Questions
What is the average Loan Officer salary in Tennessee?
The average Loan Officer salary in Tennessee is $65,043 per year ($31.27/hour) based on 2026 data across 2 metro areas. This is 7.1% below the national average of $69,990.
What is the highest paying city for Loan Officers in Tennessee?
Nashville, TN is the highest paying city for Loan Officers in Tennessee, with a median salary of $67,762 per year. The lowest paying metro area is Memphis, TN at $62,324.
What is the salary range for Loan Officers in Tennessee?
Loan Officer salaries in Tennessee range from $41,348 (entry-level, 10th percentile) to $92,487 (experienced, 90th percentile). The median salary is $65,043 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Tennessee. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.