Loan Officers pay range in Chattanooga
New workers and the lowest-paid 10% earn about $37,580 a year or less, while the top 10% make $113,290 or more. The middle half of loan officers in Chattanooga earn between $47,000 and $81,750.
- $38K10th
- $47K25th
- $62KMedian
- $82K75th
- $113K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $70,670 | $5,889 | $33.98 |
| Median | $62,460 | $5,205 | $30.03 |
| Entry level (25th percentile) | $47,000 | $3,917 | $22.60 |
| Experienced (75th percentile) | $81,750 | $6,812 | $39.30 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Chattanooga vs. Tennessee and the U.S.
Loan officers in Chattanooga earn about the same as the Tennessee average ($71,590) and 20% less than the U.S. average ($87,790). At the median the gap is -19% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Chattanooga | $70,670 | $62,460 | $37,580 | $113,290 | 480 |
| Tennessee | $71,590 | $62,800 | $38,240 | $113,290 | 6,510 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Chattanooga
On the average salary of $70,670, a single filer in Chattanooga takes home about $58,546 a year, or $4,879 a month and $2,252 every two weeks. Taxes take 17% of gross pay.
The Chattanooga, TN-GA metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in TN | $58,546 | $4,879 |
| Working in GA | $55,768 | $4,647 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Chattanooga a good place for loan officers? Pay vs. cost of living
Prices in the Chattanooga area are 9% below the U.S. average (BEA price parity 91.5), so the average $70,670 buys what about $77,265 would buy in a typical U.S. metro. This job pays 1.3 times the median wage of all jobs in Chattanooga ($46,700). A typical home costs $326,370, or 4.6 years of this average salary before tax.
Loan Officers salary in other Tennessee cities
Chattanooga ranks 5th of 10 Tennessee metro areas for this job; Memphis pays the most ($75,860).
- Memphis$75,860
- Johnson City$74,210
- Nashville$73,240
- Knoxville$72,220
- Chattanooga$70,670
- Clarksville$70,330
- Jackson$65,980
- Kingsport$61,810
- Cleveland$60,100
- Morristown$55,740
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Chattanooga: questions
How much do loan officers make an hour in Chattanooga?
$33.98 an hour on average, and $30.03 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Chattanooga?
The lowest-paid 10% earn about $37,580 a year and the 25th percentile is $47,000, a fair guide to starting pay.
What is the loan officers take-home pay in Chattanooga?
About $58,546 a year ($4,879 a month) for a single filer on the average salary of $70,670. Tennessee has no state income tax.
Do loan officers earn more in Chattanooga than elsewhere?
The average here is 20% less than the U.S. average for this job ($87,790).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Chattanooga, TN-GA (16860). Relative standard error of the mean wage: 3.9%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 1.01, this job is about as common as in the U.S. overall.
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