Loan Officer Salary in Massachusetts
Median annual pay in Massachusetts
$101,600
$48.85/hour
BLS OEWS, May 2025
Adjusted for cost of living in Massachusetts
$96,069
Regional Price Parity: 105.757 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($76,690): +$24,910 (+32.5%)
Massachusetts ranks 1st of 51 states by median pay, and 3rd of 51 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $64,680 | $31.10 |
| 25th percentile | $79,760 | $38.35 |
| Median | $101,600 | $48.85 |
| 75th percentile | $136,940 | $65.84 |
| 90th percentile | $198,220 | $95.30 |
Employment
- Employment in Massachusetts
- 4,470
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Comparison
Compared with the U.S.
- Median annual pay in Massachusetts
- $101,600
- Median annual pay in the U.S.
- $76,690
- Difference
- +$24,910 (+32.5%)
Cost of living
$101,600 ÷ 105.757 × 100 = $96,069
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| Massachusetts This page | ||
| 1st | $101,600 | $96,069 3rd |
| Connecticut | ||
| 2nd | $95,730 | $92,395 6th |
| New York | ||
| 3rd | $95,710 | $88,685 11th |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Credit Counselor salary in the U.S.
$52,230/year U.S.
- Credit Analyst salary in the U.S.
$83,510/year U.S.
- Personal Financial Advisor salary in the U.S.
$105,070/year U.S.
- Securities, Commodities, and Financial Services Sales Agent salary in the U.S.
$78,660/year U.S.
- Financial Manager salary in the U.S.
$166,570/year U.S.
- Brokerage Clerk salary in the U.S.
$65,750/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +1.1%
- Typical education needed for entry (U.S.)
- Bachelor's degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Loan Officer salary in nearby places
- Loan Officer salary in Connecticut
$95,730/year Connecticut
- Loan Officer salary in New Hampshire
$80,660/year New Hampshire
- Loan Officer salary in New York
$95,710/year New York
- Loan Officer salary in Rhode Island
$77,250/year Rhode Island
- Loan Officer salary in Vermont
$88,710/year Vermont
- Loan Officer salary in the U.S.
$76,690/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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