Massachusetts ranks 4th of 51 states and D.C. for loan officers pay, trailing top-paying District of Columbia ($102,200) by $8,770 — a 9% gap.
Loan Officers are less concentrated in Massachusetts than the U.S. average — a location quotient of 0.63 means the occupation's share of local jobs is 1.59× below the national share.
Massachusetts employs roughly 1.5% of all loan officers in the country (4,310 workers).
Salary Range: 10th to 90th Percentile
Full Percentile Breakdown
| Percentile | Annual Wage | Hourly Wage |
|---|---|---|
| 10th percentile (entry-level) | $61,280 | $29.46 |
| 25th percentile | $76,530 | $36.79 |
| 50th percentile (median) | $93,430 | $44.92 |
| 75th percentile | $133,110 | $63.99 |
| 90th percentile (top earners) | $174,990 | $84.13 |
| Mean (average) | $109,310 | $52.55 |
How Massachusetts Compares
| State | Median Annual | vs. Massachusetts |
|---|---|---|
| Massachusetts (current) | $93,430 | n/a |
| District of Columbia | $102,200 | +9% |
| New York | $98,940 | +6% |
| New Jersey | $95,090 | +2% |
| Vermont | $86,490 | -7% |
| Minnesota | $84,480 | -10% |
| North Dakota | $82,990 | -11% |
| Kansas | $82,540 | -12% |
| Delaware | $80,760 | -14% |
Showing top-paying states with available data. View all states →
Related Occupations in Massachusetts
| Occupation | Median Annual | Employment |
|---|---|---|
| Market Research Analysts and Marketing Specialists | $93,430 | 37,320 |
| Compensation, Benefits, and Job Analysis Specialists | $93,450 | 3,100 |
| Compliance Officers | $92,890 | 11,460 |
| Social Workers, All Other | $94,000 | 590 |
| Career/Technical Education Teachers, Secondary School | $92,600 | 2,890 |
| Brickmasons and Blockmasons | $94,370 | 1,170 |
Frequently Asked Questions
What is the average Loan Officers salary in Massachusetts?
The mean loan officers salary in Massachusetts is $109,310 per year. The median (middle) salary is $93,430 per year.
What is the starting salary for a Loan Officers in Massachusetts?
Entry-level loan officerss (10th percentile) in Massachusetts typically earn around $61,280 per year. Workers at the 25th percentile earn approximately $76,530 per year.
What is the highest Loan Officers salary in Massachusetts?
Top earners (90th percentile) in this occupation in Massachusetts make approximately $174,990 per year. Those in the 75th percentile earn around $133,110 per year.
How does the Massachusetts Loan Officers salary compare to the national average?
The median loan officers salary in Massachusetts is $93,430, which is +26% above national average of $74,180.