Loan Officers pay range in Amherst
New workers and the lowest-paid 10% earn about $61,370 a year or less, while the top 10% make $205,200 or more. The middle half of loan officers in Amherst earn between $74,700 and $135,710.
- $61K10th
- $75K25th
- $97KMedian
- $136K75th
- $205K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $114,280 | $9,523 | $54.94 |
| Median | $96,540 | $8,045 | $46.41 |
| Entry level (25th percentile) | $74,700 | $6,225 | $35.91 |
| Experienced (75th percentile) | $135,710 | $11,309 | $65.25 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Amherst vs. Massachusetts and the U.S.
Loan officers in Amherst earn 3% less than the Massachusetts average ($118,390) and 30% more than the U.S. average ($87,790). At the median the gap is +26% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Amherst | $114,280 | $96,540 | $61,370 | $205,200 | 90 |
| Massachusetts | $118,390 | $101,600 | $64,680 | $198,220 | 4,470 |
| United States | $87,790 | $76,690 | $39,430 | $153,180 | 274,330 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Loan Officers salary after taxes in Amherst
On the average salary of $114,280, a single filer in Amherst takes home about $83,832 a year, or $6,986 a month and $3,224 every two weeks. Taxes take 27% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Massachusetts Paid Family and Medical Leave premiums are not included.
Is Amherst a good place for loan officers? Pay vs. cost of living
Prices in the Amherst area are in line with the U.S. average (BEA price parity 100.2), so the average $114,280 buys what about $114,003 would buy in a typical U.S. metro. This job pays 1.7 times the median wage of all jobs in Amherst ($57,030). A typical home costs $363,400, or 3.2 years of this average salary before tax.
Loan Officers salary in other Massachusetts cities
Amherst ranks 2nd of 6 Massachusetts metro areas for this job; Boston pays the most ($120,300).
- Boston$120,300
- Amherst$114,280
- Pittsfield$112,060
- Barnstable$110,380
- Worcester$108,220
- Springfield$104,070
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Amherst: questions
How much do loan officers make an hour in Amherst?
$54.94 an hour on average, and $46.42 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Amherst?
The lowest-paid 10% earn about $61,370 a year and the 25th percentile is $74,700, a fair guide to starting pay.
What is the loan officers take-home pay in Amherst?
About $83,832 a year ($6,986 a month) for a single filer on the average salary of $114,280. Massachusetts Paid Family and Medical Leave premiums are not included.
Do loan officers earn more in Amherst than elsewhere?
The average here is 30% more than the U.S. average for this job ($87,790).
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; area Amherst Town-Northampton, MA (11200). Relative standard error of the mean wage: 5.1%.
- 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.
- Home value: Census median home value (Zillow does not cover this metro). Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Massachusetts Paid Family and Medical Leave premiums are not included.
- Job concentration: location quotient 0.79, this job is less common than in the U.S. overall (location quotient 0.79).
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