Based on the latest Bureau of Labor Statistics OEWS data — updated September 10, 2026.
| Massachusetts | National | Difference | |
|---|---|---|---|
| Median annual salary | $101,600 | $75,854 | +34% |
| Median hourly wage | $48.85 | $36.47 | +34% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $96,030.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| City-level data coming soon. | ||||
The median annual salary for a Loan Officer in Massachusetts is $101,600, or about $48.85 per hour, according to BLS OEWS data.
The national median for Loan Officers is $75,854. Massachusetts is +34% above the national median.
Entry-level loan officers in Massachusetts typically earn from varies by experience depending on the city and employer.
With 4,470 loan officer jobs on record and a median salary of $101,600, Massachusetts offers above-average pay compared to the rest of the country.
By median annual wage, loan officers rank 166 of the 717 occupations reported in Massachusetts — higher than 77% of them.
Among occupations in the same job family, Management Analysts at $134,720, Financial Risk Specialists at $130,400, Personal Financial Advisors at $125,670 — all figures are median annual wages for Massachusetts.
No. Every figure on this page is a gross (pre-tax) wage. Massachusetts levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 130.0 (100 = national average).
By median annual wage, loan officers rank 166 of the 717 occupations reported in Massachusetts — higher than 77% of them.
| Occupation in the same job family | Median in Massachusetts | Jobs |
|---|---|---|
| Management Analysts | $134,720 | $30,060 |
| Financial Risk Specialists | $130,400 | $1,440 |
| Personal Financial Advisors | $125,670 | — |
| Project Management Specialists | $114,190 | $21,960 |
| Labor Relations Specialists | $111,260 | $1,660 |
| Financial Examiners | $111,110 | $950 |
Massachusetts levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 130.0 (100 = national average).
Ranking and comparison figures come from the same BLS OEWS release as the rest of this page, which covers 717 occupations in Massachusetts.