Loan Officers Salary in Massachusetts: Cost of Living Adjusted (2024)

What does a Loan Officers salary really buy you in Massachusetts?

Massachusetts is 9.4% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary

$93,430

Median annual (2024)

→ -8.6%

Real Purchasing Power

$85,402

COL-adjusted (RPP=109.4)

Massachusetts Cost of Living Index

Massachusetts's Regional Price Parity (RPP) is 109.4, meaning prices are 9.4% higher the national average. A Loan Officers earning $93,430 in Massachusetts has the equivalent purchasing power of $85,402 in an average-cost US state.

MA: 109.4

Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Massachusetts's cost of living.

Percentile	Nominal Salary	COL-Adjusted	Difference
10th Percentile (P10)	$61,280	$56,014	$-5,265
25th Percentile (P25)	$76,530	$69,954	$-6,575
Median (P50)	$93,430	$85,402	$-8,027
75th Percentile (P75)	$133,110	$121,672	$-11,437
90th Percentile (P90)	$174,990	$159,954	$-15,035

Key Insight

While $93,430 sounds high, Massachusetts's elevated cost of living erases 9% of that salary's purchasing power. Your real buying power is $85,402. Consider whether the higher pay offsets the higher costs.

Best States for Loan Officers (After Cost of Living)

Where does Loan Officers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. North Dakota

$93,562

RPP 88.7

2. New York

$91,951

RPP 107.6

3. Kansas

$91,711

RPP 90.0

4. Iowa

$90,576

RPP 88.4

5. South Dakota

$89,306

RPP 88.0

6. New Jersey

$87,398

RPP 108.8

7. Minnesota

$86,468

RPP 97.7

8. Wisconsin

$85,839

RPP 92.3

9. Vermont

$85,548

RPP 101.1

10. Massachusetts

$85,402

RPP 109.4

Massachusetts ranks #10 out of 50 states for Loan Officers after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Loan Officers in Massachusetts after cost of living?

A Loan Officers in Massachusetts earns a median salary of $93,430 per year. After adjusting for Massachusetts's cost of living (RPP=109.4), the real purchasing power is $85,402 — a -8.6% difference.

Is Massachusetts expensive to live in?

Massachusetts's cost of living is 9.4% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Massachusetts is 109.4 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Loan Officers in Massachusetts: $93,430 x (100 / 109.4) = $85,402. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Massachusetts offset the salary?

Partially — a Loan Officers's nominal salary of $93,430 in Massachusetts has 8.6% less purchasing power due to higher living costs. The real value is $85,402. However, Massachusetts may offer better career opportunities, networking, and industry access.