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Loan Officers Salary in Massachusetts
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Massachusetts?
Last updated: 2025 data from the Bureau of Labor Statistics
$101,600
Median Annual Salary
▲
+8.7% vs 2024
$118,390
Mean Salary
$101,600
Median Salary
$48.85
Hourly Rate
4,470 people work as Loan Officers in Massachusetts
Loan Officers salary by percentile in Massachusetts
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Massachusetts earn a median salary of $101,600 per year ($8,466/month).
This is 33.1% above the national average of $76,354.
Massachusetts ranks #1 out of 51 states for Loan Officers pay.
Approximately 4,470 people work in this occupation across Massachusetts.
Salaries increased by 8.7% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Massachusetts range from $64,680 at the 10th percentile (entry level) to $198,220 at the 90th percentile (experienced). The middle 50% earn between $79,760 and $136,940.
The median annual salary for Loan Officers in Massachusetts is $101,600 as of 2025. The average (mean) salary is $118,390.
What is the salary range for a Loan Officers in Massachusetts?
Salaries for Loan Officers in Massachusetts range from $64,680 at the 10th percentile to $198,220 at the 90th percentile. The middle 50% earn between $79,760 and $136,940.
What is the starting salary for a Loan Officers in Massachusetts?
Entry-level Loan Officers positions in Massachusetts typically start around $64,680 (10th percentile). With some experience, salaries rise to $79,760 (25th percentile).
How many people work as Loan Officers in Massachusetts?
According to 2025 BLS data, approximately 4,470 people are employed as Loan Officers in Massachusetts.
What is the hourly rate for a Loan Officers in Massachusetts?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Massachusetts is approximately $48.85 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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