Loan Officer Salary in Rhode Island
Loan Officers in Rhode Island earn an average of $71,174 per year across 1 metro area. This is +1.7% higher than the national average.
Average Salary
$71,174
per year
Hourly Rate
$34.22
per hour
vs National
+1.7%
$69,990 national
Salary Range
$46,532
to $104,229
Cost of Living Adjusted Salary
Nominal Salary
$71,174
Cost of Living Index
106
100 = national average
Adjusted Salary
$67,145
purchasing power equivalent
After adjusting for Rhode Island's cost of living (above average), a Loan Officer's salary of $71,174 has the purchasing power of $67,145 in an average-cost area.
Loan Officer Salary by City in Rhode Island
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Providence, RI | $71,174 | $34.22/hr | $46,532 | $104,229 | 295 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Rhode Island vs National Average
Loan Officer Salary Comparison
Employment in Rhode Island
There are approximately 295 Loan Officers employed across 1 metro area in Rhode Island.
Key Industries: Healthcare, Education, Manufacturing
State Income Tax: 3.75% - 5.99%
Loan Officer Salary Range in Rhode Island
Entry Level (10th Percentile)
$46,532
Starting salary for new Loan Officers
Median (50th Percentile)
$71,174
Mid-career Loan Officer salary
Senior (90th Percentile)
$104,229
Top earners in the field
Related Occupations in Rhode Island
Loan Officer Salary in Neighboring States
Compare Loan Officer salaries in Rhode Island with nearby states to find the best opportunities.
More Rhode Island Data
Frequently Asked Questions
What is the average Loan Officer salary in Rhode Island?
The average Loan Officer salary in Rhode Island is $71,174 per year ($34.22/hour) based on 2026 data across 1 metro areas. This is 1.7% above the national average of $69,990.
What is the highest paying city for Loan Officers in Rhode Island?
Providence, RI is the highest paying city for Loan Officers in Rhode Island, with a median salary of $71,174 per year.
What is the salary range for Loan Officers in Rhode Island?
Loan Officer salaries in Rhode Island range from $46,532 (entry-level, 10th percentile) to $104,229 (experienced, 90th percentile). The median salary is $71,174 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Rhode Island. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.