Business & Finance Chattanooga, TN Pop. 181,099

Loan Officer Salary in Chattanooga, Tennessee

The median loan officer salary in Chattanooga, TN is $57,851 per year, which is 12% below the national median and 1.1% below the Tennessee state average.

City Median
$57,851
vs State Avg
$-658
vs National
$-7,889
Cost of Living
88%

Loan Officer Pay in Chattanooga: What to Expect (2026)

Chattanooga offers a median loan officer salary of $57,851, which is $658 below the Tennessee state average of $58,509. Compared to the national median of $65,740, Chattanooga pays below the national benchmark for this role.

One of Chattanooga's biggest advantages is its low cost of living at 88% of the national average. This means the $57,851 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Chattanooga an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Chattanooga spans from $30,976 at the 10th percentile to $135,344 at the 90th percentile — a $104,368 spread. Entry-level professionals start around $33,440, while senior loan officers with 8+ years of experience can earn up to $114,400. With a population of 181,099, Chattanooga is a mid-sized metro with a growing job market.

Loan Officer Salary in Chattanooga by Experience

In Chattanooga, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$33,440
$-4,560 vs national
Mid Level (3-7 yrs)
$58,080
$-7,920 vs national
Senior Level (8+ yrs)
$114,400
$-15,600 vs national

Salary Percentiles in Chattanooga, TN

Percentile Chattanooga
10th Percentile $30,976
25th Percentile $39,952
Median (50th) $57,851
75th Percentile $88,000
90th Percentile $135,344

Loan Officer Salary in Other Tennessee Cities

Nashville, TN
$65,740
Pop. 689,447
Murfreesboro, TN
$60,481
Pop. 152,769
Knoxville, TN
$57,851
Pop. 190,740
Memphis, TN
$56,536
Pop. 633,104

How to Become a Loan Officer in Chattanooga

Education

Most loan officer positions require a bachelor's degree. Chattanooga and the surrounding Tennessee area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Chattanooga may vary based on local industry and population growth.

Find Loan Officer Jobs in Chattanooga

Browse open loan officer positions in Chattanooga, TN:

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Frequently Asked Questions: Loan Officer Salary in Chattanooga

How much does a Loan Officer make in Chattanooga, TN? ▼
The median loan officer salary in Chattanooga, Tennessee is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).
How much does a Loan Officer make per hour in Chattanooga? ▼
Based on the median annual salary of $57,851, a loan officer in Chattanooga earns approximately $28 per hour assuming a standard 2,080-hour work year.
How does Chattanooga compare to the Tennessee state average for loan officer pay? ▼
Chattanooga's median loan officer salary of $57,851 is 1.1% below the Tennessee state average of $58,509. The local cost of living index is 88% of the national average.
What is the cost of living in Chattanooga, TN? ▼
Chattanooga has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Chattanooga has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Chattanooga? ▼
Most loan officer positions in Chattanooga require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.