The median annual wage for Loan Officers in Memphis, TN-MS-AR is $62,870 (May 2024 BLS OES). The mean (average) is $76,130.
Pay spans roughly $38,220 at the 10th percentile to $124,780 at the 90th, so experience and specialisation move this figure a lot. At the median that is about $30.23 per hour. An estimated 1,020 people work as loan officers in Memphis, TN-MS-AR.
| Median (annual) | $62,870 |
| Mean (annual) | $76,130 |
| Median (hourly) | $30.23 |
| 10th percentile | $38,220 |
| 90th percentile | $124,780 |
| Employment | 1,020 |
Updated 2026-07-23.
Source: BLS OES May 2024 — bls.gov/oes. Checked 2026-07-23.