Loan Officers Salary in Springfield, MA

BLS Occupational Employment & Wage Statistics • May 2025 • Springfield, MA

Median annual salary $83,030 +11.9% vs national
Median hourly $39.92
10th percentile $50,820
90th percentile $171,840
Employed locally 150
National median $74,180

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Loan Officers
in
Springfield, MA
vs

    Salary percentile breakdown

    10th
    $50,820
    25th
    $66,710
    50th (median)
    $83,030
    75th
    $126,250
    90th
    $171,840

    Springfield economic context

    Unemployment rate 5.10% 2024 annual avg • BLS LAUS
    Median household income $70,535 2023 • Census ACS
    Loan Officers salary vs area income 118% Median Loan Officers salary is 18% above the area median household income

    Top-paying metros for Loan Officers

    Metro areaMedian salary
    Elmira, NY $106,430
    New York-Newark-Jersey City, NY-NJ $102,540
    District of Columbia $102,200
    New York $98,940
    Northern Vermont nonmetropolitan area $97,410
    Des Moines-West Des Moines, IA $97,000

    Nearby metros — Loan Officers salary comparison

    Metro areaMedian salary
    Barnstable Town, MA $94,850
    Boston-Cambridge-Newton, MA-NH $94,850
    Massachusetts $93,430
    Mankato, MN $93,140
    Manhattan, KS $88,400
    Massachusetts nonmetropolitan area $88,110

    Related occupations in Springfield, MA

    OccupationMedian salary
    Accountants and Auditors $81,750
    Market Research Analysts and Marketing Specialists $82,700
    Human Resources Specialists $75,220
    Business Operations Specialists, All Other $74,320
    Project Management Specialists $97,620
    Buyers and Purchasing Agents $76,190

    Frequently asked questions

    How much do Loan Officers make per hour in Springfield?

    The median hourly wage for Loan Officers in Springfield, MA is $39.92, based on BLS OEWS 2025 data. Top earners (90th percentile) make $81.08 or more per hour.

    Is Springfield above or below average for Loan Officers salaries?

    The median Loan Officers salary in Springfield, MA is 11.9% above the national median of $74,180. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Loan Officers in Springfield?

    Entry-level Loan Officers (10th percentile) earn around $50,820 per year in Springfield, MA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $66,710.