Loan Officers pay range in Boston
New workers and the lowest-paid 10% earn about $65,120 a year or less, while the top 10% make $204,820 or more. The middle half of loan officers in Boston earn between $80,360 and $144,280.
- $65K10th
- $80K25th
- $103KMedian
- $144K75th
- $205K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $120,300 | $10,025 | $57.84 |
| Median | $103,400 | $8,617 | $49.71 |
| Entry level (25th percentile) | $80,360 | $6,697 | $38.63 |
| Experienced (75th percentile) | $144,280 | $12,023 | $69.37 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Boston vs. Massachusetts and the U.S.
Loan officers in Boston earn about the same as the Massachusetts average ($118,390) and 37% more than the U.S. average ($87,790). At the median the gap is +35% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Boston | $120,300 | $103,400 | $65,120 | $204,820 | 3,420 |
| 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 Boston
On the average salary of $120,300, a single filer in Boston takes home about $87,766 a year, or $7,314 a month and $3,376 every two weeks. Taxes take 27% of gross pay.
The Boston-Cambridge-Newton, MA-NH metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in NH | $93,461 | $7,788 |
| Working in MA | $87,766 | $7,314 |
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 Boston a good place for loan officers? Pay vs. cost of living
Prices in the Boston area are 8% above the U.S. average (BEA price parity 108.3), so the average $120,300 buys what about $111,115 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Boston ($66,620). A typical home costs $741,868, or 6.2 years of this average salary before tax.
Loan Officers salary in other Massachusetts cities
Boston ranks 1st of 6 Massachusetts metro areas for this job, the best-paid in the state.
- 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 Boston: questions
How much do loan officers make an hour in Boston?
$57.84 an hour on average, and $49.71 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Boston?
The lowest-paid 10% earn about $65,120 a year and the 25th percentile is $80,360, a fair guide to starting pay.
What is the loan officers take-home pay in Boston?
About $87,766 a year ($7,314 a month) for a single filer on the average salary of $120,300. Massachusetts Paid Family and Medical Leave premiums are not included.
Do loan officers earn more in Boston than elsewhere?
The average here is 37% 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 Boston-Cambridge-Newton, MA-NH (14460). Relative standard error of the mean wage: 3.6%.
- 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: Zillow Home Value Index. 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 0.72, this job is less common than in the U.S. overall (location quotient 0.72).
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