Loan Officers salary
in Memphis, TN-MS-AR
- Middle 50%
- $47,430–$89,780
- vs U.S. median
- -18%
- Metro rank
- #182 of 237
Loan Officers in the Memphis, TN-MS-AR metro earn a median of $63,250 a year, based on BLS estimates for 930 jobs (May 2025). That is 18% below the U.S. median of $76,690 and 1% above the TN statewide median of $62,800. It ranks #182 of 237 metros with published figures for this job.
- SOURCEBLS OEWS, May 2025
- SAMPLE930 jobs (estimate)
- SCOPEall employers, all experience levels
- PERIODMay 2025 estimates
Full percentile breakdown
BLS · metro vs U.S.
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Loan Officers pay in other TN metros
8 metros · BLS
| Metro | Median |
|---|---|
| North Central Tennessee nonmetropolitan area | $69,240 |
| Knoxville, TN | $63,830 |
| South Central Tennessee nonmetropolitan area | $63,730 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,800 |
| Chattanooga, TN-GA | $62,460 |
| East Tennessee nonmetropolitan area | $61,260 |
| West Tennessee nonmetropolitan area | $60,820 |
| Clarksville, TN-KY | $60,270 |
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RELATED JOBS IN MEMPHIS
Questions
What is the average Loan Officers salary in Memphis?
The BLS median is $63,250 a year (May 2025). Half of the 930 jobs pay between $47,430 and $89,780. The 10th percentile is $38,210 and the 90th is $131,380.
Is Memphis a high-paying metro for Loan Officers?
That is 18% below the U.S. median of $76,690 and 1% above the TN statewide median of $62,800. It ranks #182 of 237 U.S. metros with published BLS figures for this job.
How much do Loan Officers make an hour in Memphis?
About $30.41 an hour at the median (the BLS annual figure of $63,250 divided by 2,080 hours, the conversion BLS uses). The middle half earn about $22.80–$43.16 an hour. Straight-time pay, before overtime and shift differentials.
Does this include experience levels?
BLS figures cover all experience levels together. Employer filings carry a DOL wage level, which the free checker can filter by (approximate).
Sources: U.S. BLS Occupational Employment and Wage Statistics, May 2025 (national + state) (metro area estimates, all employers); employer rows from U.S. DOL OFLC LCA Disclosure Data, FY2026 Q3 (LCA_Disclosure_Data_FY2026_Q3.xlsx). Base pay only. Estimates can have sampling error, especially for smaller metros.