Loan Officers Salary in Cleveland, TN

BLS Occupational Employment & Wage Statistics • May 2025 • Cleveland, TN

Median annual salary $58,590 -21% vs national
Median hourly $28.17
10th percentile $35,280
90th percentile $112,160
Employed locally 90
National median $74,180

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Loan Officers
in
Cleveland, TN
vs

    Salary percentile breakdown

    10th
    $35,280
    25th
    $38,640
    50th (median)
    $58,590
    75th
    $74,650
    90th
    $112,160

    Cleveland economic context

    Unemployment rate 3.70% 2024 annual avg • BLS LAUS
    Median household income $63,490 2023 • Census ACS
    Loan Officers salary vs area income 92% Median Loan Officers salary is 8% below the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Johnson City, TN $68,510
    Nashville-Davidson--Murfreesboro--Franklin, TN $66,130
    Clarksville, TN-KY $64,750
    Jackson, TN $64,020
    Knoxville, TN $63,870
    Memphis, TN-MS-AR $62,870

    Related occupations in Cleveland, TN

    OccupationMedian salary
    Accountants and Auditors $67,960
    Project Management Specialists $80,090
    Human Resources Specialists $60,530
    Market Research Analysts and Marketing Specialists $59,990
    Buyers and Purchasing Agents $63,250
    Training and Development Specialists $45,470

    Frequently asked questions

    How much do Loan Officers make per hour in Cleveland?

    The median hourly wage for Loan Officers in Cleveland, TN is $28.17, based on BLS OEWS 2025 data. Top earners (90th percentile) make $47.46 or more per hour.

    Is Cleveland above or below average for Loan Officers salaries?

    The median Loan Officers salary in Cleveland, TN is 21% below the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Cleveland?

    Entry-level Loan Officers (10th percentile) earn around $35,280 per year in Cleveland, TN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $38,640.