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Loan Officer Salary in Boston, MA

Updated

The median loan officer in the Boston area earns $103,400 a year ($49.71 an hour), 35% above the U.S. median ($76,690) and 2% above the Massachusetts median ($101,600). Half of the 3,420 loan officers there earn between $80,360 and $144,280.

Percentiles. Dark: the middle half of earners. Red line: median. Dashed: U.S. median.
Loan Officers, May 2025 (latest official data). Metro area: Boston-Cambridge-Newton, MA-NH.
Annual payBoston areaMassachusettsU.S.
10th percentile$65,120$64,680$39,430
25th percentile$80,360$79,760$52,730
Median$103,400$101,600$76,690
75th percentile$144,280$136,940$104,080
90th percentile$204,820$198,220$153,180
Average$120,300$118,390$87,790
Jobs3,4204,470274,330

Boston, MA ranks 1st of the 50 largest U.S. metro areas for loan officer pay.

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Sources

U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, www.bls.gov/oes. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.