Loan Officers Pay Range in Massachusetts
Pay distribution across experience levels
- 10th Percentile — Entry Level$64,680
- 25th Percentile — Junior$79,760
- 50th Percentile — Median$101,600
- 75th Percentile — Senior$136,940
- 90th Percentile — Top Earners$198,220
Half of Loan Officers in Massachusetts earn more than $101,600. The top 10% make $198,220 or more, while entry-level workers start around $64,680.
Loan Officers in Massachusetts: Key Facts
Source: BLS OEWS May 2025
- Massachusetts ranks 1st of 51 states for Loan Officers pay, at $118,390 per year (34.9% above the U.S. average of $87,790).
- 4,470 people work as Loan Officers in Massachusetts — 1.6% of all U.S. Loan Officers jobs.
- Location quotient 0.70: Loan Officers jobs are less concentrated in Massachusetts than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $64,680; the top 10% earn over $198,220.
- Hourly equivalent: $56.92 per hour (2,080 hours/year).
- Among business jobs in Massachusetts, Personal Financial Advisors pays the most ($172,430).
Loan Officers Job Market in Massachusetts
Key factors affecting compensation
Massachusetts's key industries are Healthcare, Education, Technology, and its job market is rated very strong. Loan Officers here earn $118,390 on average, placing the state 1st nationally.
With a cost-of-living index of 1.3 (U.S. = 1.00), a Massachusetts salary of $118,390 is roughly equivalent to $91,069 at the national average cost of living.
Compared with nearby states in the pay ranking, New York ($114,670), Minnesota ($104,700), New Jersey ($102,890) are the closest alternatives for Loan Officers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Business Jobs in Massachusetts
Related career salary benchmarks
- Personal Financial Advisors $172,430/yr Massachusetts +45.6% vs this role
- Management Analysts $147,080/yr Massachusetts +24.2% vs this role
- Financial and Investment Analysts $129,680/yr Massachusetts +9.5% vs this role
- Financial Examiners $121,700/yr Massachusetts +2.8% vs this role
- Project Management Specialists $120,970/yr Massachusetts +2.2% vs this role
- Market Research Analysts $108,600/yr Massachusetts 8.3% vs this role
- Compliance Officers $108,310/yr Massachusetts 8.5% vs this role
- Accountants and Auditors $107,170/yr Massachusetts 9.5% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Loan Officers salary in Massachusetts?
The average Loan Officers salary in Massachusetts is $118,390 per year (median $101,600), which is 34.9% above the national average of $87,790.
How does Massachusetts rank for Loan Officers pay?
Massachusetts ranks 1st out of 51 states. The highest-paying state is Massachusetts ($118,390/yr).
How much do entry-level Loan Officers make in Massachusetts?
The lowest-paid 10% of Loan Officers in Massachusetts earn about $64,680 per year and the 25th percentile is $79,760.
How much do Loan Officers make per hour in Massachusetts?
About $56.92 per hour, based on the $118,390 annual average and 2,080 working hours per year.
How many Loan Officers work in Massachusetts?
BLS counts 4,470 Loan Officers jobs in Massachusetts (OEWS May 2025).
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