How much does a loan officer make in Boston?
$103,400a year
Median yearly pay for loan officers in the Boston-Cambridge-Newton, MA-NH metro area. That is $49.71 an hour or $8,617 a month.
- Hourly
- $49.71
- Vs. national median
- +35%
- Rank among cities
- 3 of 383
- Jobs in the area
- 3,420
Pay range
Lowest 10%: $65,120Median: $103,400Highest 10%: $204,800
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $65,120 | $31.31 | |
| 25th | $80,360 | $38.63 | |
| Median | $103,400 | $49.71 | |
| 75th | $144,300 | $69.37 | |
| 90th | $204,800 | $98.47 |
Other cities in Massachusetts
Median yearly pay for loan officers.
| Amherst Town, MA | $96,540 |
| Barnstable Town, MA | $96,080 |
| Pittsfield, MA | $94,920 |
| Worcester, MA | $94,220 |
| Springfield, MA | $89,480 |
| Providence, RI | $78,500 |
Related jobs in Boston
Same field, median yearly pay.
| Management Analyst | $135,600 |
| Financial Risk Specialist | $132,600 |
| Personal Financial Advisor | $126,500 |
| Labor Relations Specialist | $118,500 |
| Financial and Investment Analyst | $117,500 |
| Project Management Specialist | $115,000 |
| Insurance Underwriter | $106,200 |
| Financial Examiner | $105,200 |
| Compliance Officer | $103,900 |
| Cost Estimator | $102,600 |
Frequently asked questions
How much does a loan officer make an hour in Boston?
The median hourly pay in the Boston-Cambridge-Newton, MA-NH metro area is $49.71 ($103,400 a year).
Do loan officers make more in Boston than the national average?
Yes: $103,400 against $76,690 nationally, 35% more.
How does Boston compare with the rest of Massachusetts?
The median in Massachusetts is $101,600, so Boston pays 2% more.
Where does Boston rank for loan officer pay?
3 of 383 metro areas with data.
How much does a loan officer make starting out in Boston?
The lowest-paid 10% make $65,120 or less a year; the top 10% make $204,800 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.