Loan Officer Salary in Murfreesboro, TN: $60,481 (2026)

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

Murfreesboro offers a median loan officer salary of $60,481, which is $1,972 above the Tennessee state average of $58,509. Compared to the national median of $65,740, Murfreesboro pays below the national benchmark for this role.

Murfreesboro's cost of living is 92% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for loan officers in Murfreesboro spans from $32,384 at the 10th percentile to $141,496 at the 90th percentile — a $109,112 spread. Entry-level professionals start around $34,960, while senior loan officers with 8+ years of experience can earn up to $119,600. With a population of 152,769, Murfreesboro is a mid-sized metro with a growing job market.

Loan Officer Salary in Murfreesboro by Experience

In Murfreesboro, an entry-level loan officer earns around $34,960, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)

$34,960

$-3,040 vs national

Mid Level (3-7 yrs)

$60,720

$-5,280 vs national

Senior Level (8+ yrs)

$119,600

$-10,400 vs national

Percentile	Murfreesboro	TN State	National
10th Percentile	$32,384	$31,328	$35,200
25th Percentile	$41,768	$40,406	$45,400
Median (50th)	$60,481	$58,509	$65,740
75th Percentile	$92,000	$89,000	$100,000
90th Percentile	$141,496	$136,882	$153,800

Percentile

Murfreesboro

10th Percentile

$32,384

25th Percentile

$41,768

Median (50th)

$60,481

75th Percentile

$92,000

90th Percentile

$141,496

How to Become a Loan Officer in Murfreesboro

Education

Most loan officer positions require a bachelor's degree. Murfreesboro 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 Murfreesboro may vary based on local industry and population growth.

Frequently Asked Questions: Loan Officer Salary in Murfreesboro

How much does a Loan Officer make in Murfreesboro, TN? ▼

The median loan officer salary in Murfreesboro, Tennessee is $60,481 per year, which is 8% below the national median of $65,740. Salaries range from $32,384 (10th percentile) to $141,496 (90th percentile).

How much does a Loan Officer make per hour in Murfreesboro? ▼

Based on the median annual salary of $60,481, a loan officer in Murfreesboro earns approximately $29 per hour assuming a standard 2,080-hour work year.

How does Murfreesboro compare to the Tennessee state average for loan officer pay? ▼

Murfreesboro's median loan officer salary of $60,481 is 3.4% above the Tennessee state average of $58,509. The local cost of living index is 92% of the national average.

What is the cost of living in Murfreesboro, TN? ▼

Murfreesboro has a cost of living index of 92% compared to the national average. This means a loan officer salary of $60,481 in Murfreesboro has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a loan officer in Murfreesboro? ▼

Most loan officer positions in Murfreesboro 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.

Loan Officer Salary in Murfreesboro, Tennessee