Average Loan Officers Salary in Pittsfield, MA
Yes, Pittsfield, MA is a highly lucrative market for Loan Officerss. With an average annual salary of $98,940, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $98,940 per year.
- Growth Trend: Salaries have shifted 34.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,270.
- 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 Pittsfield, MA economy.
Salary Overview
The average Loan Officers in Pittsfield, MA earns+14.8%above the national average.
$47.6
$1,903
$8,245
Loan Officers Salary Trends (2020-2024)
Over the past 4 years, Loan Officers salaries in Pittsfield, MA have experienced a rapid surge, growing by 34.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Loan Officers Salary Distribution in Pittsfield, MA
The earning potential for Loan Officerss in Pittsfield, MA 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 $55,980, while highly experienced professionals can command wages upwards of $159,270.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,980 | $26.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,205 | $35.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,390 | $40.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,675 | $59.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $159,270 | $76.6 |
Detailed Loan Officers Market Analysis
Relocation Context
Nominal Salary
$98,940
Gross Pay
Real Wage (Purchasing Power)
$98,940
Adjusted for COL (100)
In Pittsfield, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $98,940 to $98,940.
Job Market Context
90
Total Jobs
1.539
Per 1K Jobs
0.82
Location Quotient
Pittsfield, MA has 0.82x 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 Pittsfield, MA.
1.539 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. |
|---|---|---|
| Albany-Schenectady-Troy, NY Loan Officers Salary | $102,720↑ 4% | 31 mi |
| Amherst Town-Northampton, MA Loan Officers Salary | $100,430↑ 2% | 38 mi |
| Springfield, MA Loan Officers Salary | $101,380↑ 2% | 44 mi |
| Kingston, NY Loan Officers Salary | $89,940↓ 9% | 52 mi |
| Hartford-West Hartford-East Hartford, CT Loan Officers Salary | $88,990↓ 10% | 56 mi |
Comparing salaries near Pittsfield, MA
Hiring Loan Officerss?
Frequently Asked Questions
How much does a Loan Officers make in Pittsfield, MA?
The median annual salary for a Loan Officers in Pittsfield, MA is $98,940. This typically ranges from $55,980 for entry-level positions to $159,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pittsfield, MA is 14.8% higher than the national median of $86,220.
Is Pittsfield, MA a good place for Loan Officerss?
Yes, Pittsfield, MA is financially attractive for Loan Officerss. The average salary of $98,940 exceeds the national average. See distinct detailed breakdown below.
Is Pittsfield, MA a good place to live for Loan Officers?
The Cost of Living Index in Pittsfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Pittsfield, MA?
Some top paying nearby cities include Albany-Schenectady-Troy, NY ($102,720) and Amherst Town-Northampton, 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 Pittsfield, MA area with a job density of 1.539 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 Pittsfield, MA