Loan Officer Salary in Boston, MA
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$84,248
Hourly Rate
$40.50
/hour
Jobs in Area
312
employed
Loan Officer Salary Range in Boston, MA
Annual Salary Range
$56k
10th percentile
$68k
25th
$103k
75th
$119k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $55,872 | $26.86 |
| 25th Percentile | $67,939 | $32.66 |
| Median (50th Percentile) | $84,248 | $40.50 |
| 75th Percentile | $102,846 | $49.45 |
| 90th Percentile (Top Earners) | $118,573 | $57.01 |
| Average (Mean) | $91,848 | $44.16 |
Frequently Asked Questions
The average Loan Officer salary in Boston, MA is $84,248 per year or $40.50 per hour as of 2024. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2024. The geographic area covered is the Boston-Cambridge-Newton Metropolitan Statistical Area.
Last updated: 1/23/2026
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How Boston, MA Compares
vs National Average
$69,990
vs Massachusetts Average
$65,730
Cost-of-Living Adjusted
$56,771
Cost of living in Boston, MA is 48.4% above the national average.
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