Loan Officers pay range in Morristown
New workers and the lowest-paid 10% earn about $36,840 a year or less, while the top 10% make $76,920 or more. The middle half of loan officers in Morristown earn between $37,260 and $65,540.
- $37K10th
- $37K25th
- $47KMedian
- $66K75th
- $77K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $55,740 | $4,645 | $26.80 |
| Median | $47,130 | $3,928 | $22.66 |
| Entry level (25th percentile) | $37,260 | $3,105 | $17.91 |
| Experienced (75th percentile) | $65,540 | $5,462 | $31.51 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Morristown vs. Tennessee and the U.S.
Loan officers in Morristown earn 22% less than the Tennessee average ($71,590) and 37% less than the U.S. average ($87,790). At the median the gap is -39% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Morristown | $55,740 | $47,130 | $36,840 | $76,920 | 50 |
| 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 Morristown
On the average salary of $55,740, a single filer in Morristown takes home about $46,967 a year, or $3,914 a month and $1,806 every two weeks. Taxes take 16% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Morristown a good place for loan officers? Pay vs. cost of living
Prices in the Morristown area are 14% below the U.S. average (BEA price parity 86.4), so the average $55,740 buys what about $64,541 would buy in a typical U.S. metro. This job pays 1.1 times the median wage of all jobs in Morristown ($44,280). A typical home costs $301,029, or 5.4 years of this average salary before tax.
Loan Officers salary in other Tennessee cities
Morristown ranks 10th 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 Morristown: questions
How much do loan officers make an hour in Morristown?
$26.80 an hour on average, and $22.66 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Morristown?
The lowest-paid 10% earn about $36,840 a year and the 25th percentile is $37,260, a fair guide to starting pay.
What is the loan officers take-home pay in Morristown?
About $46,967 a year ($3,914 a month) for a single filer on the average salary of $55,740. Tennessee has no state income tax.
Do loan officers earn more in Morristown than elsewhere?
The average here is 37% 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 Morristown, TN (34100). Relative standard error of the mean wage: 5.7%.
- 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 0.59, this job is less common than in the U.S. overall (location quotient 0.59).
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