Loan Officer Salary in Massachusetts
Loan Officers in Massachusetts earn an average of $84,248 per year across 1 metro area. This is +20.4% higher than the national average.
Average Salary
$84,248
per year
Hourly Rate
$40.50
per hour
vs National
+20.4%
$69,990 national
Salary Range
$55,872
to $118,573
Cost of Living Adjusted Salary
Nominal Salary
$84,248
Cost of Living Index
135
100 = national average
Adjusted Salary
$62,406
purchasing power equivalent
After adjusting for Massachusetts's cost of living (above average), a Loan Officer's salary of $84,248 has the purchasing power of $62,406 in an average-cost area.
Loan Officer Salary by City in Massachusetts
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Boston, MA | $84,248 | $40.50/hr | $55,872 | $118,573 | 312 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Massachusetts vs National Average
Loan Officer Salary Comparison
Employment in Massachusetts
There are approximately 312 Loan Officers employed across 1 metro area in Massachusetts.
Key Industries: Technology, Biotechnology, Healthcare
State Income Tax: 5% - 9%
Loan Officer Salary Range in Massachusetts
Entry Level (10th Percentile)
$55,872
Starting salary for new Loan Officers
Median (50th Percentile)
$84,248
Mid-career Loan Officer salary
Senior (90th Percentile)
$118,573
Top earners in the field
Related Occupations in Massachusetts
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Massachusetts with nearby states to find the best opportunities.
More Massachusetts Data
Frequently Asked Questions
What is the average Loan Officer salary in Massachusetts?
The average Loan Officer salary in Massachusetts is $84,248 per year ($40.50/hour) based on 2026 data across 1 metro areas. This is 20.4% above the national average of $69,990.
What is the highest paying city for Loan Officers in Massachusetts?
Boston, MA is the highest paying city for Loan Officers in Massachusetts, with a median salary of $84,248 per year.
What is the salary range for Loan Officers in Massachusetts?
Loan Officer salaries in Massachusetts range from $55,872 (entry-level, 10th percentile) to $118,573 (experienced, 90th percentile). The median salary is $84,248 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Massachusetts. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.