Loan Officers pay range in Worcester
New workers and the lowest-paid 10% earn about $58,890 a year or less, while the top 10% make $168,630 or more. The middle half of loan officers in Worcester earn between $76,290 and $127,800.
- $59K10th
- $76K25th
- $94KMedian
- $128K75th
- $169K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $108,220 | $9,018 | $52.03 |
| Median | $94,220 | $7,852 | $45.30 |
| Entry level (25th percentile) | $76,290 | $6,358 | $36.68 |
| Experienced (75th percentile) | $127,800 | $10,650 | $61.44 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Loan Officers pay in Worcester vs. Massachusetts and the U.S.
Loan officers in Worcester earn 9% less than the Massachusetts average ($118,390) and 23% more than the U.S. average ($87,790). At the median the gap is +23% against the U.S. median of $76,690.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Worcester | $108,220 | $94,220 | $58,890 | $168,630 | 320 |
| 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 Worcester
On the average salary of $108,220, a single filer in Worcester takes home about $79,872 a year, or $6,656 a month and $3,072 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 Worcester a good place for loan officers? Pay vs. cost of living
Prices in the Worcester area are 3% above the U.S. average (BEA price parity 102.5), so the average $108,220 buys what about $105,557 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Worcester ($57,830). A typical home costs $482,611, or 4.5 years of this average salary before tax.
Loan Officers salary in other Massachusetts cities
Worcester ranks 5th 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 Worcester: questions
How much do loan officers make an hour in Worcester?
$52.03 an hour on average, and $45.30 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Worcester?
The lowest-paid 10% earn about $58,890 a year and the 25th percentile is $76,290, a fair guide to starting pay.
What is the loan officers take-home pay in Worcester?
About $79,872 a year ($6,656 a month) for a single filer on the average salary of $108,220. Massachusetts Paid Family and Medical Leave premiums are not included.
Do loan officers earn more in Worcester than elsewhere?
The average here is 23% 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 Worcester, MA (49340). 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: 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 0.52, this job is less common than in the U.S. overall (location quotient 0.52).
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