Loan Officer Salary in Tennessee
The median loan officer salary in Tennessee is $58,509 per year, which is 11% below the national median of $65,740.
Loan Officer Salary in Tennessee by Experience
In Tennessee, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The cost of living index in Tennessee is 89% of the national average.
Salary Percentiles in Tennessee
| Percentile | TN Salary |
|---|---|
| 10th Percentile | $31,328 |
| 25th Percentile | $40,406 |
| Median (50th) | $58,509 |
| 75th Percentile | $89,000 |
| 90th Percentile | $136,882 |
Major Cities for Loan Officers in Tennessee
The largest employment areas for loan officers in Tennessee include Nashville, Memphis, Knoxville, and Chattanooga. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Tennessee
Education
Most loan officer positions require a bachelor's degree. Tennessee has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Tennessee
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Tennessee's demand may vary based on local industry trends.