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 Overview in Rhode Island (2026)
Rhode Island ranks #13 out of 50 states for loan officer compensation. Rhode Island falls in the middle of the pack for loan officer pay, offering salaries near the national average. At $70,342 per year, loan officers in Rhode Island earn $4,602 more than the national median of $65,740.
Rhode Island's cost of living is near the national average at 105%, meaning loan officer salaries here translate closely to their face value in purchasing power.
The salary spread in Rhode Island is significant: loan officers at the 10th percentile earn $37,664, while those at the 90th percentile bring home $164,566 — a $126,902 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $72,314.
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.
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.
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| Percentile | RI Salary |
|---|---|
| 10th Percentile | $37,664 |
| 25th Percentile | $48,578 |
| Median (50th) | $70,342 |
| 75th Percentile | $107,000 |
| 90th Percentile | $164,566 |
Loan Officer Salary by City in Rhode Island
The largest employment areas for loan officers in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.
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.
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Data shows Loan Officers who negotiate earn 7–15% more. A single negotiation could add $68,758 over your career trajectory.
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