Average Loan Officers Salary in Massachusetts nonmetropolitan area
Yes, Massachusetts nonmetropolitan area is a highly lucrative market for Loan Officerss. With an average annual salary of $108,960, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $108,960 per year.
- Growth Trend: Salaries have shifted 6.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $185,360.
- Outlook: The current demand for Loan Officerss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Massachusetts nonmetropolitan area economy.
Salary Overview
The average Loan Officers in Massachusetts nonmetropolitan area earns+26.4%above the national average.
$52.4
$2,095
$9,080
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Massachusetts nonmetropolitan area have seen a slight adjustment of -6.2%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Massachusetts nonmetropolitan area
The earning potential for Loan Officerss in Massachusetts nonmetropolitan area varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $65,610, while highly experienced professionals can command wages upwards of $185,360.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,610 | $31.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,720 | $39.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,110 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $136,200 | $65.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $185,360 | $89.1 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$108,960
Gross Pay
Real Wage (Purchasing Power)
$108,960
Adjusted for COL (100)
In Massachusetts nonmetropolitan area, the Cost of Living Index is 100. This increases your effective purchasing power from $108,960 to $108,960.
Job Market Context
40
Total Jobs
0.86
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Massachusetts nonmetropolitan area has a notably lower concentration of Loan Officers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
40 people work as Loan Officers in Massachusetts nonmetropolitan area.
Only 0.86 out of every 1,000 local jobs are Loan Officers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Loan Officers
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Loan Officers Salary | $101,650↓ 7% | 14 mi |
| Boston-Cambridge-Newton, MA-NH Loan Officers Salary | $110,820↑ 2% | 24 mi |
| Providence-Warwick, RI-MA Loan Officers Salary | $83,450↓ 23% | 29 mi |
| Amherst Town-Northampton, MA Loan Officers Salary | $100,430↓ 8% | 52 mi |
| Springfield, MA Loan Officers Salary | $101,380↓ 7% | 52 mi |
Comparing salaries near Massachusetts nonmetropolitan area
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Massachusetts nonmetropolitan area?
The median annual salary for a Loan Officers in Massachusetts nonmetropolitan area is $108,960. This typically ranges from $65,610 for entry-level positions to $185,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Massachusetts nonmetropolitan area is 26.4% higher than the national median of $86,220.
Is Massachusetts nonmetropolitan area a good place for Loan Officerss?
Yes, Massachusetts nonmetropolitan area is financially attractive for Loan Officerss. The average salary of $108,960 exceeds the national average. See distinct detailed breakdown below.
Is Massachusetts nonmetropolitan area a good place to live for Loan Officers?
The Cost of Living Index in Massachusetts nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Massachusetts nonmetropolitan area?
Some top paying nearby cities include Worcester, MA ($101,650) and Boston-Cambridge-Newton, MA-NH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Massachusetts nonmetropolitan area area with a job density of 0.86 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 Massachusetts nonmetropolitan area