SOC 13-2072 · May 2025 · BLS OEWS
Loan Officers — Boston
Boston-Cambridge-Newton, MA-NH · 5 metro areas compared
At $103,400 a year, the median wage for Loan Officers in Boston, MA sits 34.8% above the national figure of $76,690.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
At $103,400 a year, the median wage for Loan Officers in Boston, MA sits 34.8% above the national figure of $76,690. The middle half of workers in this occupation earn between $80,360 and $144,280. The lowest tenth earn under $65,120, while the highest tenth earn more than $204,820.
The area has 3,420 jobs in this occupation, which works out to 1.3 of every thousand jobs. Within the state, Amherst Town records the highest median at $96,540. Of the 687 occupations with published wages in this area, it sits 162nd.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $65,120 | −15.1% |
| 25th | $80,360 | +4.8% |
| Median (50th) | $103,400 | +34.8% |
| 75th | $144,280 | +88.1% |
| 90th | $204,820 | +167.1% |
| Mean | $120,300 | +56.9% |
Other metro areas in Massachusetts
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Amherst Town | $96,540 | 90 | |
| 2 | Barnstable Town | $96,080 | 110 | |
| 3 | Pittsfield | $94,920 | 80 | |
| 4 | Worcester | $94,220 | 320 | |
| 5 | Springfield | $89,480 | 150 |
What the pay is worth locally
Prices in Boston run 5.8% above the national average, so the median of $103,400 buys what $97,732 would elsewhere in the country. Measured that way the gap against the national median narrows to 27.4% above the national median in real terms.
Published median
$103,400as reported by BLSLocal price level
105.8US average = 100 · BEA 2024Adjusted for local prices
$97,732US average = 100 · BEA 2024Key takeaways
- Median pay is $103,400 a year, 34.8% above the national median.
- Published pay spans $65,120 to $204,820 between the tenth and ninetieth percentiles.
- The area has 3,420 jobs in this occupation.
- The highest-paying metro area covered is Amherst Town, at $96,540.
Frequently asked questions
What is the median wage for Loan Officers in Boston, MA?
The median annual wage is $103,400, or $49.71 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $76,690, so pay in Boston, MA is 34.8% higher. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Boston, MA earns more than $204,820 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $65,120 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Amherst Town, at $96,540 per year.
How many jobs are there in this occupation here?
The survey estimates 3,420 jobs in this occupation in Boston, MA. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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