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METRO DATA PROFILE · 2024

Loan Officers salary in Boston, Massachusetts

Metro-level median, range, and employment from BLS Occupational Employment Statistics for the Boston metropolitan area. Skills and task data from O*NET. State and national figures shown for context.

Adrian Serafin, founder and editor of RateOrchardBy Adrian SerafinFounderUpdated April 30, 2026
Median annual$94,850
Mean annual$110,820
Range (10th to 90th)$60,750 to $180,680
Boston, Massachusetts employment3,320
State vs national+29.9% vs national

Salary distribution

Where Boston loan officers fall on the wage curve.

Annual wage distribution

Shaded band = interquartile range (where most full-time workers fall)

10TH$60,75025TH$76,630MEDIAN$94,85075TH$134,44090TH$180,680

The middle 50% of workers earn between $76,630 and $134,440, with a median of $94,850.

Typical entry

  • Education

    Bachelor's degree

  • Experience

    None

  • On-the-job training

    Moderate-term on-the-job training

Top skills (O*NET)

  • Customer and Personal Service

    Knowledge

    4.7 / 5

  • Written Comprehension

    Ability

    4.0 / 5

  • Speaking

    Basic skill

    4.0 / 5

  • Active Listening

    Basic skill

    4.0 / 5

  • Oral Expression

    Ability

    4.0 / 5

  • Oral Comprehension

    Ability

    4.0 / 5

  • Reading Comprehension

    Basic skill

    3.9 / 5

  • Judgment and Decision Making

    Technical

    3.9 / 5

Common tasks (O*NET)

  1. 01

    Meet with applicants to obtain information for loan applications and to answer questions about the process.

  2. 02

    Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.

  3. 03

    Approve loans within specified limits, and refer loan applications outside those limits to management for approval.

  4. 04

    Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.

  5. 05

    Submit applications to credit analysts for verification and recommendation.

  6. 06

    Review loan agreements to ensure that they are complete and accurate according to policy.

  7. 07

    Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.

  8. 08

    Review and update credit and loan files.

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Frequently asked questions

What is the median salary for Loan Officers in Boston, Massachusetts?
According to BLS Occupational Employment and Wage Statistics, the median annual wage for Loan Officers in the Boston metropolitan area is $94,850.
Does Boston pay more than the Massachusetts state average for Loan Officers?
The Boston metro median is +1.5% versus the Massachusetts state median of $93,430.
How does Boston compare to the national median for Loan Officers?
The Boston metro median is +29.9% versus the BLS national figure of $73,019.
What is the salary range for Loan Officers in Boston?
BLS reports the 10th-percentile annual wage at $60,750 and the 90th-percentile at $180,680 for the Boston metro area.
What education is required for Loan Officers?
BLS lists the typical entry-level education as Bachelor's degree. Many employers also weigh prior experience and credentials.
Disclaimer

Information on this page is for general educational purposes only. It is not career, financial, or tax advice. BLS metro estimates reflect the Boston CBSA boundary for the reference year shown and may not match individual offers, employer-specific ranges, or current market conditions. Confirm with a licensed professional before making career or compensation decisions.