Business & Finance Murfreesboro, TN Pop. 152,769

Loan Officer Salary in Murfreesboro, Tennessee

The median loan officer salary in Murfreesboro, TN is $60,481 per year, which is 8% below the national median and 3.4% above the Tennessee state average.

City Median
$60,481
vs State Avg
+$1,972
vs National
$-5,259
Cost of Living
92%

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

Salary Percentiles in Murfreesboro, TN

Percentile Murfreesboro
10th Percentile $32,384
25th Percentile $41,768
Median (50th) $60,481
75th Percentile $92,000
90th Percentile $141,496

Loan Officer Salary in Other Tennessee Cities

Nashville, TN
$65,740
Pop. 689,447
Knoxville, TN
$57,851
Pop. 190,740
Chattanooga, TN
$57,851
Pop. 181,099
Memphis, TN
$56,536
Pop. 633,104

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.

Find Loan Officer Jobs in Murfreesboro

Browse open loan officer positions in Murfreesboro, TN:

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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.