Loan Officer Salary in Rhode Island
The median loan officer salary in Rhode Island is $70,342 per year, which is 7.0% above the national median of $65,740.
Loan Officer Salary in Rhode Island by Experience
In Rhode Island, an entry-level loan officer earns around $40,660, while experienced professionals earn up to $139,100 per year. The cost of living index in Rhode Island is 105% of the national average.
Salary Percentiles in Rhode Island
| Percentile | RI Salary |
|---|---|
| 10th Percentile | $37,664 |
| 25th Percentile | $48,578 |
| Median (50th) | $70,342 |
| 75th Percentile | $107,000 |
| 90th Percentile | $164,566 |
Major Cities for Loan Officers in Rhode Island
The largest employment areas for loan officers in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Loan Officer in Rhode Island
Education
Most loan officer positions require a bachelor's degree. Rhode Island has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Rhode Island
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Rhode Island's demand may vary based on local industry trends.