Loan Officer Salary in Worcester, Massachusetts
The median loan officer salary in Worcester, MA is $76,916 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.
Loan Officer Pay in Worcester: What to Expect (2026)
Worcester offers a median loan officer salary of $76,916, which is $16,435 below the Massachusetts state average of $93,351. Compared to the national median of $65,740, Worcester pays above average for this role.
Worcester's cost of living is 110% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Worcester spans from $41,184 at the 10th percentile to $179,946 at the 90th percentile — a $138,762 spread. Entry-level professionals start around $44,460, while senior loan officers with 8+ years of experience can earn up to $152,100. With a population of 206,518, Worcester is a mid-sized metro with a growing job market.
Loan Officer Salary in Worcester by Experience
In Worcester, an entry-level loan officer earns around $44,460, while experienced professionals earn up to $152,100 per year. The local cost of living index is 110% of the national average.
Salary Percentiles in Worcester, MA
| Percentile | Worcester |
|---|---|
| 10th Percentile | $41,184 |
| 25th Percentile | $53,118 |
| Median (50th) | $76,916 |
| 75th Percentile | $117,000 |
| 90th Percentile | $179,946 |
Loan Officer Salary in Other Massachusetts Cities
How to Become a Loan Officer in Worcester
Education
Most loan officer positions require a bachelor's degree. Worcester and the surrounding Massachusetts area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Worcester may vary based on local industry and population growth.
Find Loan Officer Jobs in Worcester
Browse open loan officer positions in Worcester, MA: