Business & Finance Warwick, RI Pop. 82,823

Loan Officer Salary in Warwick, Rhode Island

The median loan officer salary in Warwick, RI is $68,370 per year, which is 4.0% above the national median and 2.8% below the Rhode Island state average.

City Median
$68,370
vs State Avg
$-1,972
vs National
+$2,630
Cost of Living
102%

Loan Officer Salary in Warwick by Experience

In Warwick, an entry-level loan officer earns around $39,520, while experienced professionals earn up to $135,200 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$39,520
+$1,520 vs national
Mid Level (3-7 yrs)
$68,640
+$2,640 vs national
Senior Level (8+ yrs)
$135,200
+$5,200 vs national

Salary Percentiles in Warwick, RI

Percentile Warwick
10th Percentile $36,608
25th Percentile $47,216
Median (50th) $68,370
75th Percentile $104,000
90th Percentile $159,952

Loan Officer Salary in Other Rhode Island Cities

Providence, RI
$72,314
Pop. 190,934
Cranston, RI
$67,055
Pop. 82,934
East Providence, RI
$65,740
Pop. 47,139
Pawtucket, RI
$64,425
Pop. 75,604

How to Become a Loan Officer in Warwick

Education

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

Find Loan Officer Jobs in Warwick

Browse open loan officer positions in Warwick, RI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Warwick

How much does a Loan Officer make in Warwick, RI? ▼
The median loan officer salary in Warwick, Rhode Island is $68,370 per year, which is 4.0% above the national median of $65,740. Salaries range from $36,608 (10th percentile) to $159,952 (90th percentile).
How much does a Loan Officer make per hour in Warwick? ▼
Based on the median annual salary of $68,370, a loan officer in Warwick earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Warwick compare to the Rhode Island state average for loan officer pay? ▼
Warwick's median loan officer salary of $68,370 is 2.8% below the Rhode Island state average of $70,342. The local cost of living index is 102% of the national average.
What is the cost of living in Warwick, RI? ▼
Warwick has a cost of living index of 102% compared to the national average. This means a loan officer salary of $68,370 in Warwick has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Warwick? ▼
Most loan officer positions in Warwick 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.