Business & Finance East Providence, RI Pop. 47,139

Loan Officer Salary in East Providence, Rhode Island

The median loan officer salary in East Providence, RI is $65,740 per year, which is 0.0% above the national median and 6.5% below the Rhode Island state average.

City Median
$65,740
vs State Avg
$-4,602
vs National
+$0
Cost of Living
98%

Loan Officer Salary in East Providence by Experience

In East Providence, an entry-level loan officer earns around $38,000, while experienced professionals earn up to $130,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$38,000
+$0 vs national
Mid Level (3-7 yrs)
$66,000
+$0 vs national
Senior Level (8+ yrs)
$130,000
+$0 vs national

Salary Percentiles in East Providence, RI

Percentile East Providence
10th Percentile $35,200
25th Percentile $45,400
Median (50th) $65,740
75th Percentile $100,000
90th Percentile $153,800

Loan Officer Salary in Other Rhode Island Cities

Providence, RI
$72,314
Pop. 190,934
Warwick, RI
$68,370
Pop. 82,823
Cranston, RI
$67,055
Pop. 82,934
Pawtucket, RI
$64,425
Pop. 75,604

How to Become a Loan Officer in East Providence

Education

Most loan officer positions require a bachelor's degree. East Providence 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 East Providence may vary based on local industry and population growth.

Find Loan Officer Jobs in East Providence

Browse open loan officer positions in East Providence, RI:

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Frequently Asked Questions: Loan Officer Salary in East Providence

How much does a Loan Officer make in East Providence, RI? ▼
The median loan officer salary in East Providence, Rhode Island is $65,740 per year, which is 0.0% above the national median of $65,740. Salaries range from $35,200 (10th percentile) to $153,800 (90th percentile).
How much does a Loan Officer make per hour in East Providence? ▼
Based on the median annual salary of $65,740, a loan officer in East Providence earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does East Providence compare to the Rhode Island state average for loan officer pay? ▼
East Providence's median loan officer salary of $65,740 is 6.5% below the Rhode Island state average of $70,342. The local cost of living index is 98% of the national average.
What is the cost of living in East Providence, RI? ▼
East Providence has a cost of living index of 98% compared to the national average. This means a loan officer salary of $65,740 in East Providence has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in East Providence? ▼
Most loan officer positions in East Providence require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.