Loan Officers in Massachusetts
May 2025 wages · tax year 2026
You keep
$75,546
after federal, FICA and Massachusetts tax
Tax takes
$26,054
25.6% of the whole
Worth, in national money
$69,796
Massachusetts costs more than average
On that salary you would be around the 25th percentile for this work in Massachusetts — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$101,600
Kept after tax
$75,546
Worth in national money
$69,796
State rank
1
of 51 states
What this pays, and what it is worth
- Pay for loan officers is strong here. Massachusetts's middle earner gets $101,600, putting the state 1 of 51 — about 32.48% ahead of the national figure.
- Within Massachusetts this is well-paid work. Of 485 occupations with published figures in the state, loan officers ranks 104 — in the top quarter of everything people do there.
- The wage here flatters the reality. From $101,600 the take-home is $75,546. But Massachusetts costs more than the national average, so that money behaves more like $69,796 would elsewhere. Worth knowing before comparing offers across states. The average is higher, $118,390, because the best-paid pull it up.
- For loan officers, Massachusetts sits in the upper band nationally: a median of $101,600, ranking 1 of 51 and running about 32.48% above the national midpoint. Nominal advantage of this size is usually, though not always, large enough to survive the state's own tax and price levels.
- Ranked against every occupation Massachusetts publishes a median for, loan officers sits 104 of 485 — the upper quartile of the state's wage distribution. National standing and within-state standing are separate questions, and a job can occupy very different positions on each.
- Retained pay after federal, FICA and Massachusetts income tax is $75,546 for loan officers, from $101,600. The state's price level exceeds the national average, so the price-adjusted equivalent is $69,796. ⚠️ This is purchasing power and not a wage; cross-state offer comparisons that stop at the nominal figure systematically overvalue high-cost states. The mean of $118,390 sits above the median, the right skew typical of wage data.
Compare this career across states
Choose your filing status and local taxes, compare pay, and keep a shortlist.Compare wage and personal-pay outcomes by state, with selected resident local taxes and saved career choices.
Pay band: Loan Officers
The state median for this job
| Lowest tenth earn under | $64,680 |
|---|---|
| Half earn under | $101,600 |
| Top tenth earn over | $198,220 |
| This salary | $101,600 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Massachusetts | $75,546 |
|---|---|
| Take-home in Texas | $80,306 |
| Once local prices are leveledBEA price parity | +$12,844 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $94,834 |
|---|---|
| You could take a cut of | −$17,742 |
| Prices in Texas | 97 vs 108 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- A median is the middle, not an offer. Half of loan officers in Massachusetts earn under $101,600 and half over. The published range runs $64,680 at the tenth percentile to $198,220 at the ninetieth. Experience and employer move an individual a long way inside that.
- In Massachusetts the take-home figure of $75,546, from $101,600, assumes one filer, no dependants, and nothing paid into a pension before tax. Each of those lowers the bill, so treat it as the plain case. City and school-district income taxes are not included either, and in a few states those are real money. It ranks 104 of 485 occupations here.
- One number stands for prices across all of Massachusetts, which is a simplification — big cities cost far more than small towns. Read $69,796, the adjusted value of that $101,600 median, as a way to compare states fairly, not as a quote for any particular place. The two datasets are also from different years. This job sits at 104 of 485 in the state.
- Figures are distribution medians for loan officers in Massachusetts, not entry or offer rates. The published band runs $64,680 to $198,220; within-state dispersion of that width routinely exceeds the dispersion between states, so tenure, employer and metropolitan area predict an individual's pay better than geography does.
- Take-home for Massachusetts is computed for a single filer taking the standard deduction with no dependants and no pre-tax contributions, giving $75,546 from $101,600. Each omitted item reduces taxable income, so the figure is a lower bound on retained pay for this household shape. Municipal and school-district income taxes are excluded, which understates the burden materially in Ohio, Pennsylvania and Maryland. The occupation ranks 104 of 485 locally.
- Price deflation uses one statewide parity for Massachusetts, so $69,796 — the adjusted value of that $101,600 median — establishes comparability between states rather than accuracy within one. The wage and parity series are dated independently, each following its own publication cycle, and neither is projected forward. This occupation sits at 104 of 485 locally.
Questions people ask
Is this the average pay for the job?
No — it is the middle. Half of these workers earn more and half earn less. The average is $118,390, pulled upward by the top of the range, which is why the middle is the fairer number to plan against.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $64,680 and the top tenth $198,220 — experience, employer and specialism separate them, and a single figure hides all three.
Does a bigger number here mean I am better off?
A larger wage in a dearer place is not automatically more. Adjusted for local prices, this pay behaves like $69,796 of national purchasing power.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; Massachusetts then takes its own share, leaving $75,546.
Can I compare this job across every state?
All 51 jurisdictions report this work, which makes the ranking a like-for-like one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Massachusetts is $118,390. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($64,680) and the ninetieth ($198,220) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
How does the state price level affect real compensation?
Massachusetts's regional price parity sits above the national average, so nominal wages overstate purchasing power. Deflating take-home by the state price level gives $69,796 in national-average terms. ⚠️ RPPs are an all-items index; housing parities vary far more widely than the headline figure.
What accounts for the gap between gross wage and take-home here?
Take-home of $75,546 reflects federal income tax, OASDI, Medicare and Massachusetts income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Is this occupation's state coverage complete?
State-level estimates are published for all 51 jurisdictions for this occupation, so cross-state comparison is not confounded by suppression. ⚠️ Estimates remain survey-based and carry sampling error; small differences between adjacent states should not be over-read.