SOC 13-2072 · Massachusetts · BLS OEWS May 2024
The median salary for Loan Officers in Massachusetts is $88,266 per year ($42.44/hr). This is 19% higher than the national median of $74,173. The middle 50% earn between $60,048 and $121,285 annually. Top earners at the 90th percentile reach $173,487.
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $22.03 | $45,816 | +19.0% |
| P25 | $28.87 | $60,048 | +19.0% |
| P50MEDIAN | $42.44 | $88,266 | +19.0% |
| P75 | $58.31 | $121,285 | +19.0% |
| P90 | $83.41 | $173,487 | +19.0% |
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 Massachusetts is approximately $88,266, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 19% higher than the national median of $74,173.
Entry-level Loan Officers (10th percentile) in Massachusetts earn approximately $45,816 per year. The 25th percentile is $60,048. Top earners (90th percentile) reach $173,487.
Massachusetts pays 19% higher than the national average. The national P50 is $74,173 vs $88,266 in Massachusetts. Based on BLS national data adjusted for regional cost factors.
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