Loan Officer salary in Knoxville, TN
Loan Officers in the Knoxville, TN metro area earn a median of $63,830 a year ($30.69 an hour), based on BLS data for 930 workers.
Pay ranges from $39,650 for the lowest-paid 10% to $116,770 for the top 10%. That is 17% lower than the national median of $76,690. Pay here is 2% higher than the Tennessee statewide median of $62,800. There are 2.2 loan officers per 1,000 jobs here — the job is 1.2× more common than nationally. The average (mean) salary is $72,220, above the median because a few high earners pull it up.
Pay range for loan officers in Knoxville, TN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $39,650 | $19.06 |
| 25th percentile | $48,680 | $23.40 |
| Median | $63,830 | $30.69 |
| 75th percentile | $81,510 | $39.19 |
| 90th percentile (top earners) | $116,770 | $56.14 |
| Average (mean) | $72,220 | $34.72 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,319.17 |
| Semi-monthly (24 a year) | $2,659.58 |
| Biweekly (26 a year) | $2,455 |
| Weekly | $1,227.50 |
| Hourly | $30.69 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $63,830 salary, see how much house you can afford in Tennessee at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Johnson City, TN | $63,590 | 190 |
| Memphis, TN-MS-AR | $63,250 | 930 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,800 | 1,770 |
| Chattanooga, TN-GA | $62,460 | 480 |
| Jackson, TN | $61,500 | 150 |
| Clarksville, TN-KY | $60,270 | 210 |
| Kingsport-Bristol, TN-VA | $60,250 | 260 |
| Cleveland, TN | $57,010 | 90 |
| Morristown, TN | $47,130 | 50 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Tennessee statewide figures.
Related jobs in Knoxville, TN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,380 | $36.24 |
| Financial and Investment Analysts | $85,570 | $41.14 |
| Personal Financial Advisor | $80,370 | $38.64 |
| Credit Analyst | $58,550 | $28.15 |
| Financial Specialists, All Other | $62,420 | $30.01 |
| Budget Analyst | $80,870 | $38.88 |
| Insurance Underwriter | $73,880 | $35.52 |
| Tax Preparer | $44,940 | $21.61 |
| Financial Examiner | $84,510 | $40.63 |
| Financial Risk Specialist | $83,240 | $40.02 |
| Property Appraisers and Assessors | $62,090 | $29.85 |
| Tax Examiners and Collectors, and Revenue Agents | $73,920 | $35.54 |
| Project Management Specialist | $91,690 | $44.08 |
| Human Resources Specialist | $67,370 | $32.39 |
More: Business and Financial Operations Occupations · all salaries in Knoxville, TN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Knoxville, TN?
The median salary for loan officers in the Knoxville, TN metro area is $63,830 a year, or $30.69 an hour. Pay ranges from $39,650 for the lowest-paid 10% to $116,770 for the top 10%.
How much do the highest-paid loan officers make in Knoxville, TN?
The top 10% of loan officers in the Knoxville, TN metro area earn at least $116,770 a year. The top 25% earn $81,510 or more.
What is the starting pay for loan officers in Knoxville, TN?
Entry-level pay (the 10th percentile) is about $39,650 a year, and a quarter of loan officers earn $48,680 or less.
How many loan officers work in Knoxville, TN?
About 930 loan officers are employed in the Knoxville, TN metro area, not counting the self-employed.