Average Loan Officers Salary in Cleveland, TN
The average salary for Loan Officerss in Cleveland, TN is $62,800. While this is lower than the national average, the cost of living in Cleveland, TN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $62,800 per year.
- Growth Trend: Salaries have shifted 15.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,160.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Cleveland, TN economy.
Salary Overview
The average Loan Officers in Cleveland, TN earns-27.2%below the national average.
$30.2
$1,208
$5,233
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Cleveland, TN have seen a slight adjustment of -15.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Cleveland, TN
The earning potential for Loan Officerss in Cleveland, TN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,280, while highly experienced professionals can command wages upwards of $112,160.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,280 | $17 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,100 | $22.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,590 | $28.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,500 | $37.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,160 | $53.9 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$62,800
Gross Pay
Real Wage (Purchasing Power)
$62,800
Adjusted for COL (100)
In Cleveland, TN, the Cost of Living Index is 100. This increases your effective purchasing power from $62,800 to $62,800.
Job Market Context
90
Total Jobs
2.113
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Cleveland, TN has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.
90 people work as Loan Officers in Cleveland, TN.
Moderate density — roughly 2.113 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Chattanooga, TN-GA Loan Officers Salary | $71,200↑ 13% | 23 mi |
| Dalton, GA Loan Officers Salary | $85,120↑ 36% | 29 mi |
| Rome, GA Loan Officers Salary | $80,730↑ 29% | 66 mi |
| Knoxville, TN Loan Officers Salary | $71,820↑ 14% | 75 mi |
| Gainesville, GA Loan Officers Salary | $81,190↑ 29% | 85 mi |
Comparing salaries near Cleveland, TN
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Cleveland, TN?
The median annual salary for a Loan Officers in Cleveland, TN is $62,800. This typically ranges from $35,280 for entry-level positions to $112,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, TN is 27.2% lower than the national median of $86,220.
Is Cleveland, TN a good place for Loan Officerss?
It depends on your priorities. While the average Loan Officers salary in Cleveland, TN is $62,800 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Cleveland, TN. See distinct detailed breakdown below.
Is Cleveland, TN a good place to live for Loan Officers?
The Cost of Living Index in Cleveland, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, TN?
Some top paying nearby cities include Chattanooga, TN-GA ($71,200) and Dalton, GA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Cleveland, TN area with a job density of 2.113 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Cleveland, TN