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Average Loan Officers Salary in Johnson City, TN

Loan Officers in Johnson City, TN, earn an average annual salary of $77,920. This figure is notably below the national average of $86,220, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation within this specific Tennessee locale.

Executive Summary

  • Average Salary: $77,920 per year.
  • Growth Trend: Salaries have shifted 26.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $121,350.
  • Outlook: The loan officer job market in Johnson City, TN, shows a moderate level of concentration, with a Location Quotient of 1.48, indicating a higher presence of these professionals compared to the national average. With a local workforce of 230 individuals in this role, the demand appears stable, suggesting a consistent need for skilled loan officers within the community.
2024 Market Data

Salary Overview

$77,920

The average Loan Officers in Johnson City, TN earns-9.6%below the national average.

BreakdownBased on 40h/week
Hourly

$37.5

Weekly

$1,498

Monthly

$6,493

Loan Officers Salary Distribution in Johnson City, TN

Salary progression for Loan Officers in Johnson City, TN, typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with proven track records and advanced skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,400$18
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$58,440$28.1
ManagerOversees team, compliance, and project delivery.50% (Median)$68,510$32.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$97,400$46.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$121,350$58.3

Detailed Loan Officers Market Analysis

Relocation Context

Nominal Salary

$77,920

Gross Pay

Real Wage (Purchasing Power)

$77,920

Adjusted for COL (100)

For professionals considering a move to Johnson City, TN, the average Loan Officer salary of $77,920 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial foundation for residents.

Job Market Context

230

Total Jobs

2.78

Per 1K Jobs

1.48

Location Quotient

Above Average

With a location quotient of 1.48, Johnson City, TN has a slightly higher-than-average concentration of Loan Officers roles compared to the national norm.

Johnson City, TN, exhibits a higher concentration of Loan Officers than the national average, as evidenced by a Location Quotient of 1.48. This suggests that the market is relatively robust and potentially competitive, with more job opportunities available per capita compared to other regions, making it an attractive location for those in the profession.

Nearby Job Markets

Nearby Cities for Loan Officers

CitySalaryDist.
Kingsport-Bristol, TN-VA Loan Officers Salary$65,030↓ 17%16 mi
Morristown, TN Loan Officers Salary$60,610↓ 22%52 mi
Asheville, NC Loan Officers Salary$88,950↑ 14%54 mi
Hickory-Lenoir-Morganton, NC Loan Officers Salary$70,390↓ 10%72 mi
Knoxville, TN Loan Officers Salary$71,820↓ 8%91 mi

Comparing salaries near Johnson City, TN

Hiring Loan Officerss?

Frequently Asked Questions

How much does a Loan Officers make in Johnson City, TN?

The median annual salary for a Loan Officers in Johnson City, TN is $77,920. This typically ranges from $37,400 for entry-level positions to $121,350 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Johnson City, TN is 9.6% lower than the national median of $86,220.

Is Johnson City, TN a lucrative place for Loan Officers?

Yes, with caveats.While the average salary of $77,920 is below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The higher concentration of loan officers suggests a healthy local market.

Is Johnson City, TN a good place to live for Loan Officers?

The Cost of Living Index in Johnson City, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Johnson City, TN?

Some top paying nearby cities include Kingsport-Bristol, TN-VA ($65,030) and Morristown, TN.

How does Johnson City's Loan Officer salary compare to the national average?

The average annual salary for Loan Officers in Johnson City, TN, is $77,920, which is lower than the national average of $86,220.

What is the Cost of Living in Johnson City, TN?

Johnson City, TN, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.

How concentrated is the Loan Officer job market in Johnson City, TN?

The job market for Loan Officers in Johnson City, TN, is more concentrated than the national average, with a Location Quotient of 1.48, suggesting a higher prevalence of these roles in the local economy.

What is the total number of Loan Officers in Johnson City, TN?

There are approximately 230 Loan Officers working in Johnson City, TN.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Johnson City, TN area with a job density of 2.78 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Johnson City, TN