Business & Finance Boston, MA
Pop. 675,647
Loan Officer Salary in Boston, Massachusetts
The median loan officer salary in Boston, MA is $104,527 per year, which is 59.0% above the national median and 12.0% above the Massachusetts state average.
City Median
$104,527
vs State Avg
+$11,176
vs National
+$38,787
Cost of Living
152%
Loan Officer Salary in Boston by Experience
In Boston, an entry-level loan officer earns around $60,420, while experienced professionals earn up to $206,700 per year. The local cost of living index is 152% of the national average.
Entry Level (0-2 yrs)
$60,420
+$22,420 vs national
Mid Level (3-7 yrs)
$104,940
+$38,940 vs national
Senior Level (8+ yrs)
$206,700
+$76,700 vs national
Salary Percentiles in Boston, MA
| Percentile | Boston |
|---|---|
| 10th Percentile | $55,968 |
| 25th Percentile | $72,186 |
| Median (50th) | $104,527 |
| 75th Percentile | $159,000 |
| 90th Percentile | $244,542 |
Loan Officer Salary in Other Massachusetts Cities
How to Become a Loan Officer in Boston
Education
Most loan officer positions require a bachelor's degree. Boston and the surrounding Massachusetts area have institutions offering relevant programs.
Key Skills
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Boston may vary based on local industry and population growth.