Loan Officer Salary in Rhode Island
Based on 1K+ workers in Rhode Island
Median Annual Salary (RI)
$77,250
$37.14/hr
vs National Average
$76,354
+1.2% vs national median
Salary Range (10th–90th)
$50K – $135K
1K employed in Rhode Island
The median Loan Officer salary in Rhode Island is $77,250 annually, which places it slightly above the national average by 1%. Currently, approximately 1,290 individuals are employed in this role within the state, experiencing a salary range from $50,420 to $134,950.
Several factors can influence a Loan Officer salary in Rhode Island. Experience level, the specific type of lending institution, and the volume or complexity of loans handled all play a significant role. Additionally, the demand for mortgage and other lending professionals within the local economy can impact compensation.
Salary Distribution — Loan Officer in Rhode Island
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $50,420 |
| 25th percentile | $55,640 |
| Median (50th percentile) | $77,250 |
| 75th percentile | $99,930 |
| 90th percentile | $134,950 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Rhode Island tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Rhode Island vs National
| Year | Median Salary (Rhode Island) |
|---|---|
| 2023 | $75,050 |
| 2024 | $77,460 |
| 2025 | $77,250 |
| 2026 (projected) | $77,250 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Rhode Island Median | National Median |
|---|---|---|
| 2023 | $75,050 | $70,692 |
| 2024 | $77,460 | $73,485 |
| 2025 | $77,250 | $76,354 |
| 2026 (projected) | $77,250 | $76,354 |
Loan Officer Salary by Experience Level in Rhode Island
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $55,640 |
| Mid-level | 3-5 yrs | $77,250 |
| Senior | 6-9 yrs | $99,930 |
| Staff / Lead | 10+ yrs | $134,950 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Rhode Island
How other high-demand occupations in Rhode Island compare to Loan Officer ($77,250 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in RI | $166,940 | +116.1% | $80.26/hr |
| Actuary in RI | $111,090 | +43.8% | $53.41/hr |
| Financial Analyst in RI | $100,550 | +30.2% | $48.34/hr |
| Accountant in RI | $95,820 | +24.0% | $46.07/hr |
| Financial Examiner in RI | $94,130 | +21.9% | $45.25/hr |
| Budget Analyst in RI | $92,790 | +20.1% | $44.61/hr |
| Compliance Officer in RI | $87,620 | +13.4% | $42.13/hr |
| Credit Analyst in RI | $85,920 | +11.2% | $41.31/hr |
| Personal Financial Advisor in RI | $80,200 | +3.8% | $38.56/hr |
| Insurance Sales Agent in RI | $79,930 | +3.5% | $38.43/hr |
| Tax Examiner in RI | $78,990 | +2.3% | $37.98/hr |
| Police Officer in RI | $77,230 | -0.0% | $37.13/hr |
Frequently Asked Questions
How much does a Loan Officer make in Rhode Island?
- The median salary for a Loan Officer in Rhode Island is $77,250 per year, which averages out to about $37 per hour. This means half of loan officers in the state earn more than this amount, and half earn less.
What is the typical salary range for Loan Officers in Rhode Island?
- Loan Officers in Rhode Island can expect to earn a salary between $50,420 and $134,950 annually. This wide range reflects differences in experience, location, and the type of institution they work for.
How does the average Loan Officer salary in Rhode Island compare to the national average?
- Loan Officers in Rhode Island earn slightly more than the national average, with salaries being approximately 1.2% higher. This means the typical earnings in Rhode Island are above the nationwide median.
How many Loan Officers are employed in Rhode Island?
- There are approximately 1,290 Loan Officers currently employed in Rhode Island. This figure represents the total number of individuals working in this profession within the state.