Loan Officers pay in Massachusetts
$118,390avg. a year
$56.92 an hour · 4,470 employed
Loan Officers in Massachusetts earn an average of $118,390 a year. That is $30,600 (35%) more than the U.S. average of $87,790. The best-paying metro area is Boston-Cambridge-Newton, MA-NH at $120,300.
$101,600Median pay
$56.92Average hourly
+43%Avg. pay since 2020
#1Of 50 states + D.C.
Top-paying Massachusetts metro areas
Average pay for loan officers by metro area. Swipe to see all 7.
13,420 jobs
Boston-Cambridge-Newton, MA-NH
$120,300
$57.84 an hour
290 jobs
Amherst Town-Northampton, MA
$114,280
$54.94 an hour
380 jobs
Pittsfield, MA
$112,060
$53.88 an hour
4110 jobs
Barnstable Town, MA
$110,380
$53.07 an hour
5320 jobs
Worcester, MA
$108,220
$52.03 an hour
6150 jobs
Springfield, MA
$104,070
$50.03 an hour
71,460 jobs
Providence-Warwick, RI-MA
$86,280
$41.48 an hour
Why people trust JobPayFacts
Official government dataEvery number comes from the U.S. Bureau of Labor Statistics wage survey of employers, not self-reported salaries.
Every state and city830 jobs across all 50 states, D.C. and 199 large metro areas.
Updated every yearNew figures each spring when BLS releases them. This site uses May 2025 data.
Loan Officers pay in Massachusetts, charted
Pay over time
Massachusetts, annual wage, May of each year
AverageMedian
Where Massachusetts loan officers work
Employment by metro area, May 2025
Average pay by state
May 2025 · Massachusetts highlighted · tap a state
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Under $79k$79k–$86k$86k–$94k$94k+Massachusetts
Massachusetts vs. neighbors
Average pay, May 2025
| Area | Avg. pay | Hourly |
|---|---|---|
| United States | $87,790 | $42.21 |
| Massachusetts | $118,390 | $56.92 |
| New York | $114,670 | $55.13 |
| Connecticut | $101,710 | $48.90 |
| Vermont | $101,600 | $48.85 |
| New Hampshire | $97,080 | $46.68 |
| Rhode Island | $82,690 | $39.76 |
Related jobs in Massachusetts
- Accountants and Auditors$107,170
- Financial and Investment Analysts$129,680
- Insurance Underwriters$114,510
- Personal Financial Advisors$172,430
- Financial Specialists, All Other$102,670
- Tax Preparers$58,230
Average pay, Massachusetts, May 2025
Bureau of Labor Statistics OEWS
Questions and answers
How much do loan officers make in Massachusetts?
The average is $118,390 a year, and the median is $101,600. That is $30,600 (35%) more than the U.S. average of $87,790.
What is the hourly wage in Massachusetts?
$56.92 an hour on average; the median is $48.85.
Where in Massachusetts do they earn the most?
Boston-Cambridge-Newton, MA-NH ($120,300), followed by Amherst Town-Northampton, MA ($114,280). The lowest average among 7 metro areas with data is Providence-Warwick, RI-MA ($86,280).
How does Massachusetts rank?
Massachusetts ranks #1 of 51 states (including D.C.) with published data for this job, by average pay.
Sources and notes. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 (trend: May 2020–May 2025), occupation code 13-2072. State rank compares average pay across states with published data. Metro figures cover metropolitan statistical areas; a metro area can cross state lines. See also the national loan officers page. Wages are gross pay before taxes and don't include overtime premiums, tips, bonuses or benefits; self-employed workers aren't included. Year-to-year changes can partly reflect survey method changes, so treat the trend as a guide. How we use the data. JobPayFacts isn't affiliated with BLS.