Loan Officers in Tennessee
Want to work in Tennessee as a Loan Officer? Read this first!
You’re in luck! Jobs for Loan Officers in Tennessee are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Loan Officers in Tennessee is growing faster than average.
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Loan Officers in Tennessee earn higher salaries than the typical U.S. wage earner.
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How Many Loan Officers Work in Tennessee?
In 2018, there were 5,440 Loan Officers working in the state.
There were 5,890 Loan Officers employed in this state in 2017.
That’s a decline of 450 jobs between 2017 and 2018.
The typical state has 4,250 Loan Officers working in it, which means Tennessee has more Loan Officers than average.
Job Projections for Tennessee
Jobs for Loan Officers in this state are growing at a rate of 12.8% which is faster than the nationwide estimated projection of 11.4%.
Tennessee Annual Job Openings
The BLS is projecting 640 annual Loan Officers job openings in Tennessee, and 7,410 total jobs in the year 2026.
Nationwide, the prediction is 30,400 annual jobs and 354,900 total jobs in 2026.
What do Loan Officers Make in Tennessee?
In 2018 wages for Loan Officers ranged from $29,480 to $114,660 with $54,490 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $14.17 to $55.13. The median hourly rate was $26.2.
Workers in this field were paid a median of $29 an hour in 2017.
The hourly rate declined by $2.80.
The median salary in Tennessee is higher than the nationwide median salary.
Top Tennessee Metros for Loan Officers
The table below shows some of the metros in this state with the most Loan Officers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Nashville-Davidson–Murfreesboro–Franklin, TN | 1,560 | $58,170 |
| Knoxville, TN | 1,030 | $62,070 |
| Memphis, TN-MS-AR | 920 | $49,250 |
| Chattanooga, TN-GA | 400 | $57,120 |
| Clarksville, TN-KY | 220 | $54,520 |
| Kingsport-Bristol-Bristol, TN-VA | 160 | $56,190 |
| Cleveland, TN | 110 | $38,730 |
| Jackson, TN | 90 | $61,230 |
Top States for Loan Officers Employment
The table below shows the states where most Loan Officers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 37,030 | $61,310 |
| Texas | 19,950 | $68,710 |
| Florida | 18,000 | $67,760 |
| North Carolina | 13,910 | $62,360 |
| New York | 12,890 | $78,520 |
| Illinois | 12,330 | $66,570 |
| Ohio | 11,520 | $64,770 |
| Virginia | 10,140 | $63,860 |
| Pennsylvania | 10,010 | $59,340 |
| Arizona | 8,970 | $54,400 |
| Georgia | 7,790 | $54,690 |
| Minnesota | 7,740 | $72,030 |
| Missouri | 7,130 | $68,010 |
| Wisconsin | 7,090 | $62,850 |
| Washington | 6,940 | $60,540 |
| New Jersey | 6,670 | $73,180 |
| Massachusetts | 5,780 | $70,090 |
| Tennessee | 5,440 | $54,490 |
| Kentucky | 5,300 | $60,400 |
| Utah | 5,220 | $45,470 |
Below are the states where Loan Officers get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Connecticut | $74,990 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Kansas | $71,550 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
Related Careers in TN
Discover similar careers:
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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