Loan Officers Salary in Boston, MA-NH
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Loan Officers is a above-average occupation in Boston, MA-NH, with a median annual salary of $94,850. Loan Officerss in Boston, MA-NH earn $20,670 more (28%) than the national median of $74,180. Experienced Loan Officerss can expect to roughly double their starting salary over their career.
Loan Officerss in Boston, MA-NH earn $20,670 more (28%) than the national median of $74,180.
The average salary ($110,820) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Loan Officerss skew the data.
About 3,320 Loan Officerss work in Boston, MA-NH, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Boston, MA-NH's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $60,750 | $5,063 |
| 25th Percentile | $76,630 | $6,386 |
| Median | $94,850 | $7,904 |
| 75th Percentile | $134,440 | $11,203 |
| 90th Percentile | $180,680 | $15,057 |
| Mean (Average) | $110,820 | $9,235 |
Loan Officers Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
| San Jose-Sunnyvale-Santa Clara, CA | $81,990 |
| Denver-Aurora-Lakewood, CO | $81,200 |
| Charlotte-Concord-Gastonia, NC-SC | $81,160 |
| Los Angeles-Long Beach-Anaheim, CA | $80,340 |
| Kansas City, MO-KS | $79,690 |
Highest Paying Jobs in Boston, MA-NH
| Occupation | Median Salary |
|---|---|
| Natural Sciences Managers | $219,380 |
| Lawyers | $194,740 |
| Financial Managers | $188,490 |
| Compensation and Benefits Managers | $181,910 |
| Architectural and Engineering Managers | $178,800 |
| Sales Managers | $175,360 |
| Managers, All Other | $174,840 |
| Purchasing Managers | $170,900 |
| Computer Hardware Engineers | $170,570 |
| Database Administrators | $162,310 |