Loan Officer salary in Morristown, TN
Loan Officers in the Morristown, TN metro area earn a median of $47,130 a year ($22.66 an hour), based on BLS data for 50 workers.
Pay ranges from $36,840 for the lowest-paid 10% to $76,920 for the top 10%. That is 39% lower than the national median of $76,690. Pay here is 25% lower than the Tennessee statewide median of $62,800. There are 1.0 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.59). The average (mean) salary is $55,740, above the median because a few high earners pull it up.
Pay range for loan officers in Morristown, TN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $36,840 | $17.71 |
| 25th percentile | $37,260 | $17.92 |
| Median | $47,130 | $22.66 |
| 75th percentile | $65,540 | $31.51 |
| 90th percentile (top earners) | $76,920 | $36.98 |
| Average (mean) | $55,740 | $26.80 |
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 | $3,927.50 |
| Semi-monthly (24 a year) | $1,963.75 |
| Biweekly (26 a year) | $1,812.69 |
| Weekly | $906.35 |
| Hourly | $22.66 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Knoxville, TN | $63,830 | 930 |
| 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 |
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 Morristown, TN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $72,810 | $35.01 |
| Human Resources Specialist | $59,820 | $28.76 |
| Project Management Specialist | $82,720 | $39.77 |
| Buyers and Purchasing Agents | $60,900 | $29.28 |
| Business Operations Specialists, All Other | $49,010 | $23.56 |
| Training and Development Specialists | $52,080 | $25.04 |
| Market Research Analysts and Marketing Specialists | $62,410 | $30.01 |
| Logistician | $64,540 | $31.03 |
| Cost Estimator | $71,400 | $34.33 |
| Compliance Officer | $62,590 | $30.09 |
| Management Analyst | $99,290 | $47.73 |
More: Business and Financial Operations Occupations · all salaries in Morristown, 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 Morristown, TN?
The median salary for loan officers in the Morristown, TN metro area is $47,130 a year, or $22.66 an hour. Pay ranges from $36,840 for the lowest-paid 10% to $76,920 for the top 10%.
How much do the highest-paid loan officers make in Morristown, TN?
The top 10% of loan officers in the Morristown, TN metro area earn at least $76,920 a year. The top 25% earn $65,540 or more.
What is the starting pay for loan officers in Morristown, TN?
Entry-level pay (the 10th percentile) is about $36,840 a year, and a quarter of loan officers earn $37,260 or less.
How many loan officers work in Morristown, TN?
About 50 loan officers are employed in the Morristown, TN metro area, not counting the self-employed.