Loan Officer Salary in Boston, MA
2024 BLS OEWS Data · Finance · COL Index: 152.1
$94,850
Median Salary
$110,820
Mean Salary
$62,360
COL-Adjusted
3,320
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $60,750 | $39,941 |
| 25th Percentile | $76,630 | $50,381 |
| 50th Percentile (Median) | $94,850 | $62,360 |
| 75th Percentile | $134,440 | $88,389 |
| 90th Percentile (Top Earners) | $180,680 | $118,790 |
What Drives the Range
The $119,930 spread between the 10th and 90th percentiles for Loan Officer positions in Boston, MA reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Boston, MA's cost-of-living index of 152.1 means that a $94,850 median salary here has the same purchasing power as $62,360 in an average-cost U.S. city. Despite the higher cost of living, this metro area offers a deep talent pool and typically higher total compensation when including equity and bonuses.