Loan Officer Salary in Cranston, Rhode Island
The median loan officer salary in Cranston, RI is $67,055 per year, which is 2.0% above the national median and 4.7% below the Rhode Island state average.
Loan Officer Pay in Cranston: What to Expect (2026)
Cranston offers a median loan officer salary of $67,055, which is $3,287 below the Rhode Island state average of $70,342. Compared to the national median of $65,740, Cranston pays above average for this role.
Cranston's cost of living is 100% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for loan officers in Cranston spans from $35,904 at the 10th percentile to $156,876 at the 90th percentile — a $120,972 spread. Entry-level professionals start around $38,760, while senior loan officers with 8+ years of experience can earn up to $132,600. Cranston is a smaller market (pop. 82,934), which may mean fewer openings but also less competition for available positions.
Loan Officer Salary in Cranston by Experience
In Cranston, an entry-level loan officer earns around $38,760, while experienced professionals earn up to $132,600 per year. The local cost of living index is 100% of the national average.
Salary Percentiles in Cranston, RI
| Percentile | Cranston |
|---|---|
| 10th Percentile | $35,904 |
| 25th Percentile | $46,308 |
| Median (50th) | $67,055 |
| 75th Percentile | $102,000 |
| 90th Percentile | $156,876 |
Loan Officer Salary in Other Rhode Island Cities
How to Become a Loan Officer in Cranston
Education
Most loan officer positions require a bachelor's degree. Cranston and the surrounding Rhode Island area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Cranston may vary based on local industry and population growth.
Find Loan Officer Jobs in Cranston
Browse open loan officer positions in Cranston, RI: