Loan Officers pay range in Springfield
New workers and the lowest-paid 10% earn about $58,670 a year or less, while the top 10% make $168,650 or more. The middle half of loan officers in Springfield earn between $73,040 and $125,530.
- $59K10th
- $73K25th
- $89KMedian
- $126K75th
- $169K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $104,070 | $8,672 | $50.03 |
| Median | $89,480 | $7,457 | $43.02 |
| Entry level (25th percentile) | $73,040 | $6,087 | $35.12 |
| Experienced (75th percentile) | $125,530 | $10,461 | $60.35 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Springfield vs. Massachusetts and the U.S.
Loan officers in Springfield earn 12% less than the Massachusetts average ($118,390) and 19% more than the U.S. average ($87,790). At the median the gap is +17% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Springfield | $104,070 | $89,480 | $58,670 | $168,650 | 150 |
| 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 Springfield
On the average salary of $104,070, a single filer in Springfield takes home about $77,160 a year, or $6,430 a month and $2,968 every two weeks. Taxes take 26% 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 Springfield a good place for loan officers? Pay vs. cost of living
Prices in the Springfield area are 4% below the U.S. average (BEA price parity 96.1), so the average $104,070 buys what about $108,337 would buy in a typical U.S. metro. This job pays 1.7 times the median wage of all jobs in Springfield ($51,930). A typical home costs $376,017, or 3.6 years of this average salary before tax.
Loan Officers salary in other Massachusetts cities
Springfield ranks 6th 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 Springfield: questions
How much do loan officers make an hour in Springfield?
$50.03 an hour on average, and $43.02 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Springfield?
The lowest-paid 10% earn about $58,670 a year and the 25th percentile is $73,040, a fair guide to starting pay.
What is the loan officers take-home pay in Springfield?
About $77,160 a year ($6,430 a month) for a single filer on the average salary of $104,070. Massachusetts Paid Family and Medical Leave premiums are not included.
Do loan officers earn more in Springfield than elsewhere?
The average here is 19% 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 Springfield, MA (44140). Relative standard error of the mean wage: 5.6%.
- 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 0.43, this job is less common than in the U.S. overall (location quotient 0.43).
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