Average Loan Officers Salary in Amherst Town-Northampton, MA
Yes, Amherst Town-Northampton, MA is a highly lucrative market for Loan Officerss. With an average annual salary of $100,430, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $100,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,090.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Amherst Town-Northampton, MA economy.
Salary Overview
The average Loan Officers in Amherst Town-Northampton, MA earns+16.5%above the national average.
$48.3
$1,931
$8,369
Loan Officers Salary Trends (2020-2024)
Historical trend data for Loan Officers in Amherst Town-Northampton, MA is limited, but current market signals indicate a stable demand environment.
Loan Officers Salary Distribution in Amherst Town-Northampton, MA
The earning potential for Loan Officerss in Amherst Town-Northampton, MA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $55,890, while highly experienced professionals can command wages upwards of $169,090.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,890 | $26.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,323 | $36.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $84,610 | $40.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $125,538 | $60.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,090 | $81.3 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$100,430
Gross Pay
Real Wage (Purchasing Power)
$100,430
Adjusted for COL (100)
In Amherst Town-Northampton, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $100,430 to $100,430.
Job Market Context
90
Total Jobs
1.318
Per 1K Jobs
0.7
Location Quotient
Amherst Town-Northampton, MA has 0.70x the national average concentration of Loan Officers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
90 people work as Loan Officers in Amherst Town-Northampton, MA.
1.318 out of every 1,000 local jobs are Loan Officers positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Springfield, MA Loan Officers Salary | $101,380↑ 1% | 18 mi |
| Worcester, MA Loan Officers Salary | $101,650↑ 1% | 37 mi |
| Pittsfield, MA Loan Officers Salary | $98,940↓ 1% | 38 mi |
| Hartford-West Hartford-East Hartford, CT Loan Officers Salary | $88,990↓ 11% | 43 mi |
| Massachusetts nonmetropolitan area Loan Officers Salary | $108,960↑ 8% | 52 mi |
Comparing salaries near Amherst Town-Northampton, MA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Amherst Town-Northampton, MA?
The median annual salary for a Loan Officers in Amherst Town-Northampton, MA is $100,430. This typically ranges from $55,890 for entry-level positions to $169,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Amherst Town-Northampton, MA is 16.5% higher than the national median of $86,220.
Is Amherst Town-Northampton, MA a good place for Loan Officerss?
Yes, Amherst Town-Northampton, MA is financially attractive for Loan Officerss. The average salary of $100,430 exceeds the national average. See distinct detailed breakdown below.
Is Amherst Town-Northampton, MA a good place to live for Loan Officers?
The Cost of Living Index in Amherst Town-Northampton, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Amherst Town-Northampton, MA?
Some top paying nearby cities include Springfield, MA ($101,380) and Worcester, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Amherst Town-Northampton, MA area with a job density of 1.318 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Loan Officers • Data source: BLS OEWS 2024 •Jobs in Amherst Town-Northampton, MA