Loan Officer salary in Providence-Warwick, RI-MA
Loan Officers in the Providence-Warwick, RI-MA metro area earn a median of $78,500 a year ($37.74 an hour), based on BLS data for 1,460 workers.
Pay ranges from $50,420 for the lowest-paid 10% to $137,250 for the top 10%. That is 2% higher than the national median of $76,690. Pay here is 2% higher than the Rhode Island statewide median of $77,250. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $86,280, above the median because a few high earners pull it up.
Pay range for loan officers in Providence-Warwick, RI-MA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,420 | $24.24 |
| 25th percentile | $56,860 | $27.34 |
| Median | $78,500 | $37.74 |
| 75th percentile | $100,380 | $48.26 |
| 90th percentile (top earners) | $137,250 | $65.98 |
| Average (mean) | $86,280 | $41.48 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $6,541.67 |
| Semi-monthly (24 a year) | $3,270.83 |
| Biweekly (26 a year) | $3,019.23 |
| Weekly | $1,509.62 |
| Hourly | $37.74 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $78,500 salary, see how much house you can afford in Rhode Island at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Boston-Cambridge-Newton, MA-NH | $103,400 | 3,420 |
| Amherst Town-Northampton, MA | $96,540 | 90 |
| Barnstable Town, MA | $96,080 | 110 |
| Pittsfield, MA | $94,920 | 80 |
| Worcester, MA | $94,220 | 320 |
| Springfield, MA | $89,480 | 150 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Rhode Island statewide figures.
Related jobs in Providence-Warwick, RI-MA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $95,020 | $45.68 |
| Financial and Investment Analysts | $100,290 | $48.22 |
| Personal Financial Advisor | $83,720 | $40.25 |
| Financial Specialists, All Other | $79,570 | $38.26 |
| Financial Risk Specialist | $103,470 | $49.75 |
| Tax Preparer | $57,680 | $27.73 |
| Financial Examiner | $97,720 | $46.98 |
| Tax Examiners and Collectors, and Revenue Agents | $72,740 | $34.97 |
| Insurance Underwriter | $85,150 | $40.94 |
| Property Appraisers and Assessors | $87,160 | $41.91 |
| Credit Analyst | $80,970 | $38.93 |
| Credit Counselor | $58,480 | $28.12 |
| Budget Analyst | $87,760 | $42.19 |
| Project Management Specialist | $104,510 | $50.25 |
More: Business and Financial Operations Occupations · all salaries in Providence-Warwick, RI-MA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Providence-Warwick, RI-MA?
The median salary for loan officers in the Providence-Warwick, RI-MA metro area is $78,500 a year, or $37.74 an hour. Pay ranges from $50,420 for the lowest-paid 10% to $137,250 for the top 10%.
How much do the highest-paid loan officers make in Providence-Warwick, RI-MA?
The top 10% of loan officers in the Providence-Warwick, RI-MA metro area earn at least $137,250 a year. The top 25% earn $100,380 or more.
What is the starting pay for loan officers in Providence-Warwick, RI-MA?
Entry-level pay (the 10th percentile) is about $50,420 a year, and a quarter of loan officers earn $56,860 or less.
How many loan officers work in Providence-Warwick, RI-MA?
About 1,460 loan officers are employed in the Providence-Warwick, RI-MA metro area, not counting the self-employed.