Loan Officers Salary in Massachusetts

Loan officers in Massachusetts earn the most in Boston (average $120,300 a year) and the least in Springfield ($104,070), across the 6 Massachusetts metro areas we cover. Statewide, BLS puts the loan officers average at $118,390 and the median at $101,600 for 4,470 workers. The U.S. average for this job is $87,790.

Loan Officers average salary by city in Massachusetts

Boston$120,300
Amherst$114,280
Pittsfield$112,060
Barnstable$110,380
Worcester$108,220
Springfield$104,070

Pay, take-home pay and cost of living

City	Average	Median	25th pct.	Take-home*	Cost of living
Boston	$120,300	$103,400	$80,360	$87,766	108
Amherst	$114,280	$96,540	$74,700	$83,832	100
Pittsfield	$112,060	$94,920	$76,440	$82,381	95
Barnstable	$110,380	$96,080	$78,130	$81,283	98
Worcester	$108,220	$94,220	$76,290	$79,872	103
Springfield	$104,070	$89,480	$73,040	$77,160	96

*Average salary after federal and state taxes for a single filer; Massachusetts Paid Family and Medical Leave premiums are not included. Cost of living: BEA price parity, U.S. = 100.

Loan Officers salary in other states

Loan Officers salary by city and state

More about pay in Massachusetts

Sources and how to read this page

Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072.
U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.

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