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 Overview in Massachusetts (2026)
Massachusetts ranks #2 out of 50 states for loan officer compensation. This places Massachusetts in the top tier nationally, making it one of the best states for loan officers seeking high pay. At $93,351 per year, loan officers in Massachusetts earn $27,611 more than the national median of $65,740.
It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $93,351 salary. After adjusting for cost of living, the effective salary is closer to $69,149.
The salary spread in Massachusetts is significant: loan officers at the 10th percentile earn $49,984, while those at the 90th percentile bring home $218,396 — a $168,412 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $109,786.
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.
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.
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See Investment Options →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 |
Loan Officer Salary by City in Massachusetts
The largest employment areas for loan officers in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.
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.
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Data shows Loan Officers who negotiate earn 7–15% more. A single negotiation could add $91,249 over your career trajectory.
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