Business & Finance Cranston, RI
Pop. 82,934
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.
City Median
$67,055
vs State Avg
$-3,287
vs National
+$1,315
Cost of Living
100%
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.
Entry Level (0-2 yrs)
$38,760
+$760 vs national
Mid Level (3-7 yrs)
$67,320
+$1,320 vs national
Senior Level (8+ yrs)
$132,600
+$2,600 vs national
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
Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software
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.