Loan Officers Salary in Memphis, TN (2024)
Source: BLS OEWS May 2024 · Memphis, TN-MS-AR · 1,020 employed
The average Loan Officers salary in Memphis, TN is $76,130 per year. The middle 50% of Loan Officerss earn between $47,890 and $86,220. Top earners in the 90th percentile make $124,780 or more. Entry-level positions typically start around $38,220. The median of $62,870 is above the mean, reflecting the wage distribution in this field.
Loan Officers Salary Breakdown in Memphis, TN
| Percentile | Annual Salary |
|---|---|
| 10th Percentile (Entry-level) | $38,220 |
| 25th Percentile | $47,890 |
| Median (50th Percentile) | $62,870 |
| Mean (Average) | $76,130 |
| 75th Percentile | $86,220 |
| 90th Percentile (Top earners) | $124,780 |
Related Jobs in Memphis, TN
| Occupation | Mean Annual |
|---|---|
| Personal Financial Advisors | $171,900 |
| Financial and Investment Analysts | $119,490 |
| Financial Examiners | $109,040 |
| Financial Risk Specialists | $102,440 |
| Management Analysts | $94,900 |
| Budget Analysts | $93,160 |
Loan Officers Salaries in Other Cities
| City | Mean Annual |
|---|---|
| Dayton, OH | $135,040 |
| New York, NY | $125,440 |
| Elmira, NY | $123,770 |
| New Haven, CT | $114,840 |
| Washington, DC | $112,140 |
| Lawrence, KS | $111,560 |
| Boston, MA | $110,820 |
| San Francisco, CA | $109,880 |
Frequently Asked Questions
What is the average Loan Officers salary in Memphis, TN?
The average Loan Officers salary in Memphis, TN is $76,130 per year, according to BLS OEWS May 2024.
What is the median Loan Officers salary in Memphis, TN?
The median Loan Officers salary in Memphis, TN is $62,870 per year. Half of Loan Officerss earn more than this and half earn less.
How much do entry-level Loan Officerss make in Memphis, TN?
Entry-level Loan Officerss in Memphis, TN typically earn around $38,220 per year (10th percentile). Workers in the 25th percentile earn about $47,890.
What do the highest-paid Loan Officerss earn in Memphis, TN?
The highest-paid Loan Officerss in Memphis, TN earn $124,780 or more per year (90th percentile). The 75th percentile wage is $86,220.
How many Loan Officerss work in Memphis, TN?
There are approximately 1,020 Loan Officerss employed in the Memphis, TN-MS-AR area, per BLS OEWS May 2024.