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Loan Officers Salary in Rhode Island
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Rhode Island?
Last updated: 2025 data from the Bureau of Labor Statistics
$77,250
Median Annual Salary
▼
-0.3% vs 2024
$82,690
Mean Salary
$77,250
Median Salary
$37.14
Hourly Rate
1,290 people work as Loan Officers in Rhode Island
Loan Officers salary by percentile in Rhode Island
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Rhode Island earn a median salary of $77,250 per year ($6,437/month).
This is 1.2% above the national average of $76,354.
Rhode Island ranks #24 out of 51 states for Loan Officers pay.
Approximately 1,290 people work in this occupation across Rhode Island.
Salaries decreased by 0.3% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Rhode Island range from $50,420 at the 10th percentile (entry level) to $134,950 at the 90th percentile (experienced). The middle 50% earn between $55,640 and $99,930.
Median $77,250
P10: $50,420P25: $55,640P75: $99,930P90: $134,950
10th
$50,420
25th
$55,640
Median
$77,250
75th
$99,930
90th
$134,950
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$50,420
$24.24
$4,201
25th Percentile
$55,640
$26.75
$4,636
Median (50th)
$77,250
$37.14
$6,437
75th Percentile
$99,930
$48.04
$8,327
90th Percentile (Experienced)
$134,950
$64.88
$11,245
Note: The mean (average) salary of $82,690 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in Rhode Island is $77,250 as of 2025. The average (mean) salary is $82,690.
What is the salary range for a Loan Officers in Rhode Island?
Salaries for Loan Officers in Rhode Island range from $50,420 at the 10th percentile to $134,950 at the 90th percentile. The middle 50% earn between $55,640 and $99,930.
What is the starting salary for a Loan Officers in Rhode Island?
Entry-level Loan Officers positions in Rhode Island typically start around $50,420 (10th percentile). With some experience, salaries rise to $55,640 (25th percentile).
How many people work as Loan Officers in Rhode Island?
According to 2025 BLS data, approximately 1,290 people are employed as Loan Officers in Rhode Island.
What is the hourly rate for a Loan Officers in Rhode Island?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Rhode Island is approximately $37.14 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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