SOC 13-2072 · Boston-Cambridge, MA · BLS OEWS May 2024
The median salary for Loan Officers in Boston-Cambridge is $92,716 per year ($44.57/hr). This is 25% higher than the national median of $74,173. The middle 50% earn between $63,076 and $127,400 annually. Top earners at the 90th percentile reach $182,234.
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $23.14 | $48,126 | +25.0% |
| P25 | $30.33 | $63,076 | +25.0% |
| P50MEDIAN | $44.57 | $92,716 | +25.0% |
| P75 | $61.25 | $127,400 | +25.0% |
| P90 | $87.61 | $182,234 | +25.0% |
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
The median (P50) annual salary for Loan Officers in Boston-Cambridge is approximately $92,716, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 25% higher than the national median of $74,173.
Entry-level Loan Officers (10th percentile) in Boston-Cambridge earn approximately $48,126 per year. The 25th percentile is $63,076. Top earners (90th percentile) reach $182,234.
Boston-Cambridge pays 25% higher than the national average. The national P50 is $74,173 vs $92,716 in Boston-Cambridge. Based on BLS national data adjusted for regional cost factors.
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