Business & Finance Pawtucket, RI Pop. 75,604

Loan Officer Salary in Pawtucket, Rhode Island

The median loan officer salary in Pawtucket, RI is $64,425 per year, which is 2% below the national median and 8.4% below the Rhode Island state average.

City Median
$64,425
vs State Avg
$-5,917
vs National
$-1,315
Cost of Living
96%

Loan Officer Salary in Pawtucket by Experience

In Pawtucket, an entry-level loan officer earns around $37,240, while experienced professionals earn up to $127,400 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$37,240
$-760 vs national
Mid Level (3-7 yrs)
$64,680
$-1,320 vs national
Senior Level (8+ yrs)
$127,400
$-2,600 vs national

Salary Percentiles in Pawtucket, RI

Percentile Pawtucket
10th Percentile $34,496
25th Percentile $44,492
Median (50th) $64,425
75th Percentile $98,000
90th Percentile $150,724

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
East Providence, RI
$65,740
Pop. 47,139

How to Become a Loan Officer in Pawtucket

Education

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

Find Loan Officer Jobs in Pawtucket

Browse open loan officer positions in Pawtucket, RI:

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Frequently Asked Questions: Loan Officer Salary in Pawtucket

How much does a Loan Officer make in Pawtucket, RI? ▼
The median loan officer salary in Pawtucket, Rhode Island is $64,425 per year, which is 2% below the national median of $65,740. Salaries range from $34,496 (10th percentile) to $150,724 (90th percentile).
How much does a Loan Officer make per hour in Pawtucket? ▼
Based on the median annual salary of $64,425, a loan officer in Pawtucket earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Pawtucket compare to the Rhode Island state average for loan officer pay? ▼
Pawtucket's median loan officer salary of $64,425 is 8.4% below the Rhode Island state average of $70,342. The local cost of living index is 96% of the national average.
What is the cost of living in Pawtucket, RI? ▼
Pawtucket has a cost of living index of 96% compared to the national average. This means a loan officer salary of $64,425 in Pawtucket has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Pawtucket? ▼
Most loan officer positions in Pawtucket 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.