Loan Officers Salary in Massachusetts
Loan Officers in Massachusetts earn a median annual wage of $101,600 —32.5% above the national median of $76,690. That ranks MA #1 of 51 covered states and territories for this occupation.
Wage distribution
How earnings are spread across workers in this occupation, from the 10th to the 90th percentile.
Employment is only 0.70× as concentrated as the national average — this occupation is relatively scarce in Massachusetts.
Highest-paying states for loan officers
All 51 states ranked by median annual wage. Massachusetts is highlighted.
| # | State | Median annual | Median hourly | Employment | Location quotient |
|---|---|---|---|---|---|
| 1 | Massachusetts | $101,600 | $48.85 | 4,470 | 0.70 |
| 2 | Connecticut | $95,730 | $46.03 | 2,220 | 0.74 |
| 3 | New York | $95,710 | $46.01 | 10,840 | 0.63 |
| 4 | Minnesota | $95,170 | $45.76 | 6,430 | 1.24 |
| 5 | Colorado | $94,520 | $45.44 | 3,230 | 0.64 |
| 6 | Oregon | $94,440 | $45.40 | 4,220 | 1.22 |
| 7 | New Jersey | $92,920 | $44.67 | 6,200 | 0.82 |
| 8 | District of Columbia | $92,890 | $44.66 | 370 | 0.30 |
| 9 | Vermont | $88,710 | $42.65 | 350 | 0.64 |
| 10 | Kansas | $86,970 | $41.81 | 3,540 | 1.40 |
Related occupations in Massachusetts
Occupations in the same job family, compared within Massachusetts.
| Occupation | Massachusetts median | U.S. median |
|---|---|---|
| Accountants and Auditors | $99,460 | $83,680 |
| Business Operations Specialists, All Other | $93,270 | $83,050 |
| Project Management Specialists | $114,190 | $102,320 |
| Human Resources Specialists | $85,630 | $75,940 |
| Market Research Analysts and Marketing Specialists | $101,810 | $78,760 |
| Management Analysts | $134,720 | $101,860 |
Frequently asked questions
How much do loan officers make in Massachusetts?
The median annual wage for loan officers in Massachusetts is $101,600, or $48.85 per hour. That is 32.5% above the national median of $76,690.
What is the entry-level loan officers salary in Massachusetts?
Workers at the 10th percentile earn $64,680 per year ($31.10/hour). The 25th percentile is $79,760.
How many people work as loan officers in Massachusetts?
About 4,470 people work in this occupation in Massachusetts, or 1.2 per 1,000 jobs statewide.
Is Massachusetts a good state for loan officers?
Massachusetts ranks #1 of 51 states by median wage for this occupation. Employment is only 0.70x as concentrated as the national average, so this occupation is relatively scarce in Massachusetts.
Which state pays loan officers the most?
Massachusetts has the highest median wage at $101,600 per year, followed by Connecticut ($95,730) and New York ($95,710).