Loan Officers Salary
Loan Officers in Amherst Town-Northampton, MA make a median of $96,540 a year, or about $46.42 an hour. The range runs from $61K at the entry level to $205K for experienced workers. Adjusted for local prices (RPP 100.24), that's roughly $96,309 in purchasing power. A 2-bedroom apartment runs $2,004/month, about 32.8% of take-home, which is tight.
So what does $97K get you in Amherst Town-Northampton?
Groceries, utilities, transportation, and healthcare scaled from national averages by Amherst Town-Northampton’s Regional Price Parity (100.24). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About loan officers
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What this looks like in Amherst Town-Northampton
Amherst Town-Northampton sits well above the national pay line for loan officers, local pay runs about 26% higher than the U.S. median of $77K. Rent runs $2,004/month for a 2-bedroom (HUD FMR), taking 33.6% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 100.24) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for loan officers in metros near Amherst Town-Northampton, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Boston-Cambridge-Newton | $103K | $96K |
| Worcester | $94K | $92K |
| Springfield | $89K | $93K |
| Barnstable Town | $96K | $98K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Amherst Town-Northampton, MA
Entry-level loan officers (10th percentile) start around $61K. Mid-career wages sit at $97K. Top earners bring in $205K or more, a $144K spread from bottom to top.
Loan Officers pay across states
Median income ranked highest to lowest, compared to the national figure
View Loan Officers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Massachusetts | $102K | +32% | 4,470 |
| Connecticut | $96K | +25% | 2,220 |
| New York | $96K | +25% | 10,840 |
| Minnesota | $95K | +24% | 6,430 |
| Colorado | $95K | +23% | 3,230 |
| Oregon | $94K | +23% | 4,220 |
| New Jersey | $93K | +21% | 6,200 |
| District of Columbia | $93K | +21% | 370 |
| Vermont | $89K | +16% | 350 |
| Kansas | $87K | +13% | 3,540 |
| North Dakota | $85K | +10% | 1,370 |
| Iowa | $84K | +9% | 2,840 |
| Delaware | $83K | +8% | 1,420 |
| Maine | $82K | +7% | 1,060 |
| California | $82K | +7% | 25,790 |
| New Hampshire | $81K | +5% | 1,120 |
| Washington | $80K | +4% | 6,040 |
| South Dakota | $80K | +4% | 1,820 |
| Nebraska | $80K | +4% | 2,710 |
| Wyoming | $80K | +4% | 740 |
| Illinois | $79K | +3% | 10,890 |
| Virginia | $78K | +2% | 8,790 |
| Wisconsin | $78K | +2% | 4,940 |
| Rhode Island | $77K | +1% | 1,290 |
| Ohio | $76K | -0% | 9,880 |
| North Carolina | $76K | -1% | 10,700 |
| Michigan | $74K | -3% | 11,340 |
| Missouri | $74K | -4% | 7,050 |
| Maryland | $74K | -4% | 3,850 |
| Oklahoma | $73K | -5% | 4,100 |
| Indiana | $73K | -5% | 4,790 |
| Alaska | $73K | -5% | 490 |
| Montana | $72K | -7% | 1,180 |
| Florida | $71K | -7% | 18,830 |
| Idaho | $71K | -7% | 2,030 |
| Arkansas | $70K | -8% | 2,610 |
| Pennsylvania | $69K | -10% | 8,140 |
| Georgia | $68K | -11% | 9,540 |
| Alabama | $67K | -13% | 5,050 |
| Texas | $66K | -13% | 21,200 |
| Nevada | $65K | -16% | 2,580 |
| Hawaii | $64K | -17% | 980 |
| South Carolina | $63K | -18% | 4,140 |
| Tennessee | $63K | -18% | 6,510 |
| New Mexico | $63K | -18% | 1,140 |
| Arizona | $62K | -19% | 10,020 |
| Kentucky | $62K | -19% | 3,940 |
| Louisiana | $61K | -20% | 2,810 |
| Mississippi | $60K | -21% | 3,450 |
| Utah | $59K | -22% | 3,990 |
| West Virginia | $58K | -25% | 1,290 |
Showing 1–10 of 51 (all 50 states + DC)
Track loan officers salary changes
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Frequently asked questions
Can a loan officer afford a 2BR apartment alone in Amherst Town-Northampton?
It’s a stretch — at the median salary of $97K, rent takes 33.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,004/month. The 30% guideline puts the comfortable ceiling at roughly $1,800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for loan officers in Amherst Town-Northampton?
The 10th-percentile wage — what new loan officers typically earn — is $61K/year. Take-home on that works out to about $3,682/month. At HUD’s $2,004/month FMR, rent would take 54% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is loan officer a high-paying job in Amherst Town-Northampton?
Local pay is 26% above the national median — $97K here vs. $77K nationally.
How does Amherst Town-Northampton compare to the national average for loan officers?
Amherst Town-Northampton pays $97K median vs. the U.S. average of $77K — that’s +26%. After adjusting for local cost of living (RPP 100.24), the purchasing-power equivalent is $96K — still ahead of the national median.
How much do loan officers make in Amherst Town-Northampton, MA?
The median is $96,540 a year, that works out to about $46 an hour. But the range is wide: entry-level workers start around $61,370, and experienced loan officers can clear $205,200. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $97K enough to live in Amherst Town-Northampton?
On that salary, you'd take home roughly $5,956/month after taxes. A 2-bedroom here rents for about $2,004/month, which eats 33.6% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a loan officers salary go in Amherst Town-Northampton?
Amherst Town-Northampton has a Regional Price Parity of 100.24 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median loan officers salary is worth about $96,309 in national-average purchasing power.
Where do loan officers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.