How to Become a Credit Counselors in Tennessee
Credit Counselors in Tennessee earn a median salary of $38,730/year, which is 26% below the national average. Tennessee has no state income tax. After taxes and rent, a credit counselors takes home approximately $1,503/month. Most positions require Bachelor's degree.
What a credit counselors can afford in Tennessee
Becoming a credit counselors in Tennessee
Meet education requirements
Credit Counselors positions in Tennessee typically require Bachelor's degree. Programs are available at colleges and training institutions across Tennessee. Research accredited programs in your area.
Gain required experience
Many credit counselors positions in Tennessee require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Tennessee licensure or certification
Tennessee may require specific licensing or professional certification for credit counselorss. Requirements vary by state, contact the Tennessee Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Tennessee
Tennessee employs 950 credit counselors. The highest concentrations are in Memphis and Nashville-Davidson--Murfreesboro--Franklin.
Credit Counselors salary by metro area in Tennessee
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Memphis | $60K | $28.95/hr | 90 |
| Nashville-Davidson--Murfreesboro--Franklin | $58K | $28.12/hr | 110 |
| Chattanooga | $39K | $18.67/hr | , |
| Johnson City | $37K | $17.8/hr | 80 |
Credit Counselors salary range in Tennessee
Credit Counselors careers in other states
Frequently asked questions
How much does a credit counselors make in Tennessee?▼
The median credit counselors salary in Tennessee is $38,730 per year ($18.62/hr). This is 26% below the national median of $52,230. Salaries range from $31,200 to $105,140.
What are the requirements to become a credit counselors in Tennessee?▼
Credit Counselors positions in Tennessee typically require Bachelor's degree. Tennessee may have specific licensing or certification requirements. Check with the Tennessee licensing board or department of labor for current requirements.
Can a credit counselors afford to live in Tennessee?▼
At the median salary of $38,730, a credit counselors in Tennessee would take home approximately $2,763/month after taxes. With median 2-bedroom rent at $1,260/month, that's 45.6% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for credit counselors in Tennessee?▼
The highest paying metro areas for credit counselors in Tennessee are Memphis ($60,210), Nashville-Davidson--Murfreesboro--Franklin ($58,480), Chattanooga ($38,840). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Tennessee have state income tax for credit counselors?▼
No, Tennessee does not have a state income tax. This means credit counselors keep more of their gross salary compared to states with income tax, a significant advantage for affordability.