Loan Officer Salary in Memphis, TN
Updated
The median loan officer in the Memphis area earns $63,250 a year ($30.41 an hour), 18% below the U.S. median ($76,690) and 1% above the Tennessee median ($62,800). Half of the 930 loan officers there earn between $47,430 and $89,780.
Median $63,250
10th: $38,21090th: $131,380
| Annual pay | Memphis area | Tennessee | U.S. |
|---|---|---|---|
| 10th percentile | $38,210 | $38,240 | $39,430 |
| 25th percentile | $47,430 | $47,250 | $52,730 |
| Median | $63,250 | $62,800 | $76,690 |
| 75th percentile | $89,780 | $81,600 | $104,080 |
| 90th percentile | $131,380 | $113,290 | $153,180 |
| Average | $75,860 | $71,590 | $87,790 |
| Jobs | 930 | 6,510 | 274,330 |
Memphis, TN ranks 46th of the 50 largest U.S. metro areas for loan officer pay. Highest: Boston, MA ($103,400).
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Check my payLoan officer pay in other cities
- Nashville, TN: $62,800
- Boston, MA: $103,400
- San Francisco, CA: $103,000
- Minneapolis, MN: $102,200
- New York, NY: $101,570
- Denver, CO: $100,130
- Washington, DC: $97,800
- Portland, OR: $96,100
- All cities
Similar jobs in Memphis, TN
- Accountant: $76,960
- Financial Analyst: $91,180
- Financial Advisor: $100,120
- Project Manager: $85,130
- Human Resources Specialist: $69,150
- Marketing Specialist: $71,600
- All jobs in Memphis, TN
Sources
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, published May 15, 2026
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, www.bls.gov/oes. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.