Loan Officer Salary in Providence, Rhode Island
The median loan officer salary in Providence, RI is $72,314 per year, which is 10.0% above the national median and 2.8% above the Rhode Island state average.
Loan Officer Pay in Providence: What to Expect (2026)
Providence offers a median loan officer salary of $72,314, which is $1,972 above the Rhode Island state average of $70,342. Compared to the national median of $65,740, Providence pays above average for this role.
Providence's cost of living is 108% 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 Providence spans from $38,720 at the 10th percentile to $169,180 at the 90th percentile — a $130,460 spread. Entry-level professionals start around $41,800, while senior loan officers with 8+ years of experience can earn up to $143,000. With a population of 190,934, Providence is a mid-sized metro with a growing job market.
Loan Officer Salary in Providence by Experience
In Providence, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 108% of the national average.
Salary Percentiles in Providence, RI
| Percentile | Providence |
|---|---|
| 10th Percentile | $38,720 |
| 25th Percentile | $49,940 |
| Median (50th) | $72,314 |
| 75th Percentile | $110,000 |
| 90th Percentile | $169,180 |
Loan Officer Salary in Other Rhode Island Cities
How to Become a Loan Officer in Providence
Education
Most loan officer positions require a bachelor's degree. Providence 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 Providence may vary based on local industry and population growth.
Find Loan Officer Jobs in Providence
Browse open loan officer positions in Providence, RI: