Loan Officers pay range in Nashville
New workers and the lowest-paid 10% earn about $39,350 a year or less, while the top 10% make $115,210 or more. The middle half of loan officers in Nashville earn between $46,900 and $82,920.
- $39K10th
- $47K25th
- $63KMedian
- $83K75th
- $115K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $73,240 | $6,103 | $35.21 |
| Median | $62,800 | $5,233 | $30.19 |
| Entry level (25th percentile) | $46,900 | $3,908 | $22.55 |
| Experienced (75th percentile) | $82,920 | $6,910 | $39.87 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Nashville vs. Tennessee and the U.S.
Loan officers in Nashville earn about the same as the Tennessee average ($71,590) and 17% less than the U.S. average ($87,790). At the median the gap is -18% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Nashville | $73,240 | $62,800 | $39,350 | $115,210 | 1,770 |
| Tennessee | $71,590 | $62,800 | $38,240 | $113,290 | 6,510 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Nashville
On the average salary of $73,240, a single filer in Nashville takes home about $60,354 a year, or $5,030 a month and $2,321 every two weeks. Taxes take 18% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Nashville a good place for loan officers? Pay vs. cost of living
Prices in the Nashville area are 4% below the U.S. average (BEA price parity 96.3), so the average $73,240 buys what about $76,024 would buy in a typical U.S. metro. This job pays 1.2 times the median wage of all jobs in Nashville ($50,390). A typical home costs $455,958, or 6.2 years of this average salary before tax.
Loan Officers salary in other Tennessee cities
Nashville ranks 3rd of 10 Tennessee metro areas for this job; Memphis pays the most ($75,860).
- Memphis$75,860
- Johnson City$74,210
- Nashville$73,240
- Knoxville$72,220
- Chattanooga$70,670
- Clarksville$70,330
- Jackson$65,980
- Kingsport$61,810
- Cleveland$60,100
- Morristown$55,740
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Nashville: questions
How much do loan officers make an hour in Nashville?
$35.21 an hour on average, and $30.19 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Nashville?
The lowest-paid 10% earn about $39,350 a year and the 25th percentile is $46,900, a fair guide to starting pay.
What is the loan officers take-home pay in Nashville?
About $60,354 a year ($5,030 a month) for a single filer on the average salary of $73,240. Tennessee has no state income tax.
Do loan officers earn more in Nashville than elsewhere?
The average here is 17% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Nashville-Davidson--Murfreesboro--Franklin, TN (34980). Relative standard error of the mean wage: 3.4%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 0.91, this job is about as common as in the U.S. overall.
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