Loan Officers Salary in Worcester, MA

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

Median annual salary $82,210 +10.8% vs national
Median hourly $39.52
10th percentile $60,080
90th percentile $172,620
Employed locally 320
National median $74,180

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Loan Officers
in
Worcester, MA
vs

    Salary percentile breakdown

    10th
    $60,080
    25th
    $66,250
    50th (median)
    $82,210
    75th
    $127,090
    90th
    $172,620

    Worcester economic context

    Unemployment rate 4.10% 2024 annual avg • BLS LAUS
    Median household income $93,561 2023 • Census ACS
    Loan Officers salary vs area income 88% Median Loan Officers salary is 12% below 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 Worcester, MA

    OccupationMedian salary
    Accountants and Auditors $88,220
    Market Research Analysts and Marketing Specialists $83,570
    Human Resources Specialists $76,020
    Project Management Specialists $97,750
    Business Operations Specialists, All Other $78,040
    Buyers and Purchasing Agents $75,310

    Frequently asked questions

    How much do Loan Officers make per hour in Worcester?

    The median hourly wage for Loan Officers in Worcester, MA is $39.52, based on BLS OEWS 2025 data. Top earners (90th percentile) make $81.07 or more per hour.

    Is Worcester above or below average for Loan Officers salaries?

    The median Loan Officers salary in Worcester, MA is 10.8% 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 Worcester?

    Entry-level Loan Officers (10th percentile) earn around $60,080 per year in Worcester, MA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $66,250.