Loan Officers pay in Massachusetts
In Massachusetts, the median pay for loan officers is $48.85 an hour ($101,600 a year). About 4,470 people work in this job there.
That is 32% higher than the U.S. median ($76,690). Massachusetts ranks 1st of 51 states and territories for this job’s median pay.
Pay range for loan officers in Massachusetts
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $31.10 | $64,680 |
| 25% of workers | $38.35 | $79,760 |
| Half of workers (median) | $48.85 | $101,600 |
| 75% of workers | $65.84 | $136,940 |
| 90% of workers | $95.30 | $198,220 |
Loan Officers pay in Massachusetts metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Boston-Cambridge-Newton | $103,400 | 3,420 |
| Amherst Town-Northampton | $96,540 | 90 |
| Barnstable Town | $96,080 | 110 |
| Pittsfield | $94,920 | 80 |
| Worcester | $94,220 | 320 |
| Springfield | $89,480 | 150 |
Massachusetts unemployment rate: 4.3% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for loan officers
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 2 to 4 years (O*NET)
- Experience usually needed to start: Less than 5 years (BLS)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)
Related jobs in Massachusetts
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $99,460 |
| Financial and Investment Analysts | $111,040 |
| Insurance Underwriters | $106,640 |
| Tax Preparers | $58,400 |
| Financial Risk Specialists | $130,400 |
| Credit Analysts | $97,080 |
| Budget Analysts | $92,260 |
| Tax Examiners and Collectors, and Revenue Agents | $75,560 |
Other job titles for this job
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.