Loan Officer Salary in Boston, MA
Loan Officers in the Boston-Cambridge-Newton, MA-NH metro area earn a median $103,400 a year — 35% more than the national median. After 2026 taxes, that is $76,622 take-home, or $6,385 a month.
Take-home pay calculator
Pre-filled with the median loan officer salary in Boston, MA. Enter your own offer to see your paycheck.
- Federal income tax$13,918
- Social Security (6.2%)$6,411
- Medicare (1.45%)$1,499
- Massachusetts income tax$4,950
- Take-home pay$76,622
Marginal rate: 22% federal + 5.00% state
The Boston-Cambridge-Newton, MA-NH metro spans Massachusetts, New Hampshire. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Loan Officer pay by experience in Boston, MA
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $65,120 | $31.31 | $51,468 | $4,289 |
| 25th percentile | $80,360 | $38.63 | $61,565 | $5,130 |
| Median (50th) | $103,400 | $49.71 | $76,622 | $6,385 |
| 75th percentile | $144,280 | $69.37 | $102,887 | $8,574 |
| 90th percentile (top earners) | $204,820 | $98.47 | $142,456 | $11,871 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Massachusetts resident, 2026 tax rules.
What $103,400 buys in Boston, MA
Prices in Boston, MA are 8.3% higher than the U.S. average (housing costs are 1.48× the national average). Adjusted for local prices, a median loan officer's $76,622 take-home pay has the buying power of $70,772 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Loan Officer jobs are less concentrated in Boston, MA than nationally (location quotient 0.72), so openings may be scarcer.
Best-paying cities for loan officers, adjusted for cost of living
Boston, MA ranks #2 of 21 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Minneapolis, MN | $102,200 | $75,301 | $71,837 |
| 2 | Boston, MA | $103,400 | $76,622 | $70,772 |
| 3 | Columbus, OH | $82,160 | $65,153 | $68,245 |
| 4 | New York, NY | $101,570 | $75,332 | $66,924 |
| 5 | Washington, DC | $97,800 | $72,288 | $66,390 |
| 6 | Portland, OR | $96,100 | $68,857 | $65,316 |
| 7 | San Francisco, CA | $103,000 | $74,602 | $64,527 |
| 8 | Charlotte, NC | $78,200 | $61,232 | $62,900 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 21 metros →
About the job: loan officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods.
- Typical education
- Bachelor's degree
- Work experience
- Less than 5 years
- On-the-job training
- Moderate-term on-the-job training
- Job outlook, 2025–35
- +1.1% (slower than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a loan officer make in Boston, MA?
The median loan officer salary in the Boston-Cambridge-Newton, MA-NH metro area is $103,400 a year, or about $49.71 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $80,360 and $144,280.
What is a loan officer’s take-home pay in Boston, MA?
On the median $103,400 salary, a single filer living in Massachusetts takes home about $76,622 a year ($6,385 a month) after federal tax, Social Security, Medicare and $4,950 in Massachusetts taxes in 2026.
Is Boston, MA a good place to work as a loan officer?
Pay here is 35% above the national median of $76,690. Local prices are 8.3% above the U.S. average, so the take-home pay buys what $70,772 would in a typical U.S. city. Boston, MA ranks #2 of 21 metro areas for cost-of-living-adjusted pay in this job.
Can a loan officer afford rent in Boston, MA?
HUD’s fair market rent for a one-bedroom in Boston, MA is $2,276 a month ($2,762 for two bedrooms) — 36% of a median loan officer’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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