Loan Officers Salary in Memphis, TN-MS-AR
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a moderate occupation in Memphis, TN-MS-AR, with a median annual salary of $62,870. Loan Officerss in Memphis, TN-MS-AR earn $11,310 less (15%) than the national median of $74,180. There is significant earning potential — top earners make 3.
Loan Officerss in Memphis, TN-MS-AR earn $11,310 less (15%) than the national median of $74,180.
The average salary ($76,130) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.
About 1,020 Loan Officerss work in Memphis, TN-MS-AR, indicating a healthy local job market.
Cost of Living Consideration
Although Memphis, TN-MS-AR pays below the national average, the cost of living may also be lower. Your purchasing power could be comparable to higher-salary cities. Check local housing costs before deciding.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $38,220 | $3,185 |
| 25th Percentile | $47,890 | $3,991 |
| Median | $62,870 | $5,239 |
| 75th Percentile | $86,220 | $7,185 |
| 90th Percentile | $124,780 | $10,398 |
| Mean (Average) | $76,130 | $6,344 |
Loan Officers Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
| San Jose-Sunnyvale-Santa Clara, CA | $81,990 |
| Denver-Aurora-Lakewood, CO | $81,200 |
| Charlotte-Concord-Gastonia, NC-SC | $81,160 |
| Los Angeles-Long Beach-Anaheim, CA | $80,340 |
| Kansas City, MO-KS | $79,690 |
Highest Paying Jobs in Memphis, TN-MS-AR
| Occupation | Median Salary |
|---|---|
| Architectural and Engineering Managers | $173,990 |
| Natural Sciences Managers | $166,330 |
| Financial Managers | $134,480 |
| Database Administrators | $129,440 |
| Computer Network Architects | $124,370 |
| Lawyers | $121,510 |
| Nurse Practitioners | $116,860 |
| Software Developers | $116,470 |
| Electrical Engineers | $106,800 |
| Medical and Health Services Managers | $106,620 |
Related Data Insights
The cost of living in Memphis, TN is 7.8% below the national average (index: 92.2). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Memphis, TN salaries is equivalent to $78,013 in an average-cost US city.