Loan Officer salary in Rhode Island
Loan Officers in Rhode Island earn a median of $77,250 a year ($37.14 an hour), based on BLS data for 1,290 workers.
Pay ranges from $50,420 for the lowest-paid 10% to $134,950 for the top 10%. That is 1% higher than the national median of $76,690. Rhode Island ranks 24th of 51 states for loan officers pay. There are 2.6 loan officers per 1,000 jobs here — the job is 1.4× more common than nationally. The average (mean) salary is $82,690, above the median because a few high earners pull it up.
Pay range for loan officers in Rhode Island
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,420 | $24.24 |
| 25th percentile | $55,640 | $26.75 |
| Median | $77,250 | $37.14 |
| 75th percentile | $99,930 | $48.04 |
| 90th percentile (top earners) | $134,950 | $64.88 |
| Average (mean) | $82,690 | $39.76 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,437.50 |
| Semi-monthly (24 a year) | $3,218.75 |
| Biweekly (26 a year) | $2,971.15 |
| Weekly | $1,485.58 |
| Hourly | $37.14 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in cities in Rhode Island
| Metro area | Median salary | Workers |
|---|---|---|
| Providence-Warwick, RI-MA | $78,500 | 1,460 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
Related jobs in Rhode Island
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $95,820 | $46.07 |
| Financial and Investment Analysts | $100,550 | $48.34 |
| Personal Financial Advisor | $80,200 | $38.56 |
| Financial Specialists, All Other | $78,990 | $37.98 |
| Financial Risk Specialist | $104,470 | $50.23 |
| Financial Examiner | $94,130 | $45.26 |
| Property Appraisers and Assessors | $75,900 | $36.49 |
| Tax Examiners and Collectors, and Revenue Agents | $69,870 | $33.59 |
| Insurance Underwriter | $84,720 | $40.73 |
| Credit Analyst | $85,920 | $41.31 |
| Credit Counselor | $58,480 | $28.12 |
| Budget Analyst | $92,790 | $44.61 |
| Tax Preparer | $57,680 | $27.73 |
| Management Analyst | $99,640 | $47.91 |
More: Business and Financial Operations Occupations · all salaries in Rhode Island
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Rhode Island?
The median salary for loan officers in Rhode Island is $77,250 a year, or $37.14 an hour. Pay ranges from $50,420 for the lowest-paid 10% to $134,950 for the top 10%.
How much do the highest-paid loan officers make in Rhode Island?
The top 10% of loan officers in Rhode Island earn at least $134,950 a year. The top 25% earn $99,930 or more.
What is the starting pay for loan officers in Rhode Island?
Entry-level pay (the 10th percentile) is about $50,420 a year, and a quarter of loan officers earn $55,640 or less.
How many loan officers work in Rhode Island?
About 1,290 loan officers are employed in Rhode Island, not counting the self-employed.