Loan Officers Salary in Memphis, TN-MS-AR
BLS Occupational Employment & Wage Statistics • May 2025 • Memphis, TN-MS-AR
Median annual salary
$62,870
-15.2% vs national
Median hourly
$30.23
10th percentile
$38,220
90th percentile
$124,780
Employed locally
1,020
National median
$74,180
Compare Loan Officers salary & buying power
Type a city below to see how Memphis, TN-MS-AR stacks up on salary and cost of living.
Loan Officers
in
Memphis, TN-MS-AR
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Salary percentile breakdown
Memphis economic context
Unemployment rate
4.10%
2024 annual avg • BLS LAUS
Median household income
$64,743
2023 • Census ACS
Loan Officers salary vs area income
97%
Median Loan Officers salary is 3% below the area median household income
Frequently asked questions
How much do Loan Officers make per hour in Memphis?
The median hourly wage for Loan Officers in Memphis, TN-MS-AR is $30.23, based on BLS OEWS 2025 data. Top earners (90th percentile) make $63.16 or more per hour.
Is Memphis above or below average for Loan Officers salaries?
The median Loan Officers salary in Memphis, TN-MS-AR is 15.2% 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 Memphis?
Entry-level Loan Officers (10th percentile) earn around $38,220 per year in Memphis, TN-MS-AR. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $47,890.