Loan Officer Salary in Massachusetts
The median loan officer salary in Massachusetts is $93,351 per year, which is 42.0% above the national median of $65,740.
Loan Officer Salary in Massachusetts by Experience
In Massachusetts, an entry-level loan officer earns around $53,960, while experienced professionals earn up to $184,600 per year. The cost of living index in Massachusetts is 135% of the national average.
Salary Percentiles in Massachusetts
| Percentile | MA Salary |
|---|---|
| 10th Percentile | $49,984 |
| 25th Percentile | $64,468 |
| Median (50th) | $93,351 |
| 75th Percentile | $142,000 |
| 90th Percentile | $218,396 |
Major Cities for Loan Officers in Massachusetts
The largest employment areas for loan officers in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Massachusetts
Education
Most loan officer positions require a bachelor's degree. Massachusetts has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Massachusetts
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Massachusetts's demand may vary based on local industry trends.