Loan Officer salary in Worcester, MA
Loan Officers in the Worcester, MA metro area earn a median of $94,220 a year ($45.30 an hour), based on BLS data for 320 workers.
Pay ranges from $58,890 for the lowest-paid 10% to $168,630 for the top 10%. That is 23% higher than the national median of $76,690. Pay here is 7% lower than the Massachusetts statewide median of $101,600. There are 0.92 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.52). The average (mean) salary is $108,220, above the median because a few high earners pull it up.
Pay range for loan officers in Worcester, MA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $58,890 | $28.31 |
| 25th percentile | $76,290 | $36.68 |
| Median | $94,220 | $45.30 |
| 75th percentile | $127,800 | $61.44 |
| 90th percentile (top earners) | $168,630 | $81.07 |
| Average (mean) | $108,220 | $52.03 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,851.67 |
| Semi-monthly (24 a year) | $3,925.83 |
| Biweekly (26 a year) | $3,623.85 |
| Weekly | $1,811.92 |
| Hourly | $45.30 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Boston-Cambridge-Newton, MA-NH | $103,400 | 3,420 |
| Amherst Town-Northampton, MA | $96,540 | 90 |
| Barnstable Town, MA | $96,080 | 110 |
| Pittsfield, MA | $94,920 | 80 |
| Springfield, MA | $89,480 | 150 |
| Providence-Warwick, RI-MA | $78,500 | 1,460 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Massachusetts statewide figures.
Related jobs in Worcester, MA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $94,070 | $45.23 |
| Financial and Investment Analysts | $98,960 | $47.58 |
| Insurance Underwriter | $98,000 | $47.12 |
| Credit Analyst | $76,230 | $36.65 |
| Property Appraisers and Assessors | $82,100 | $39.47 |
| Financial Specialists, All Other | $75,880 | $36.48 |
| Budget Analyst | $87,210 | $41.93 |
| Credit Counselor | $60,680 | $29.17 |
| Financial Risk Specialist | $92,670 | $44.55 |
| Tax Examiners and Collectors, and Revenue Agents | $109,420 | $52.61 |
| Personal Financial Advisor | $120,400 | $57.89 |
| Human Resources Specialist | $77,290 | $37.16 |
| Market Research Analysts and Marketing Specialists | $90,300 | $43.41 |
| Project Management Specialist | $100,290 | $48.22 |
More: Business and Financial Operations Occupations · all salaries in Worcester, MA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Worcester, MA?
The median salary for loan officers in the Worcester, MA metro area is $94,220 a year, or $45.30 an hour. Pay ranges from $58,890 for the lowest-paid 10% to $168,630 for the top 10%.
How much do the highest-paid loan officers make in Worcester, MA?
The top 10% of loan officers in the Worcester, MA metro area earn at least $168,630 a year. The top 25% earn $127,800 or more.
What is the starting pay for loan officers in Worcester, MA?
Entry-level pay (the 10th percentile) is about $58,890 a year, and a quarter of loan officers earn $76,290 or less.
How many loan officers work in Worcester, MA?
About 320 loan officers are employed in the Worcester, MA metro area, not counting the self-employed.