The average salary for a loan officer in Rhode Island is around $60,460 per year.
Avg Salary
Loan officers earn an average yearly salary of $60,460.
Wages typically start from $32,640 and go up to $117,580.
7% below national average Updated in 2018
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$56.53 per hour
$117,580 per year
75th percentile
Senior-level loan officer earnings begin at:
$39.49 per hour
$82,140 per year
50th percentile
Mid-level loan officer earnings begin at:
$29.07 per hour
$60,460 per year
25th percentile
Junior-level loan officer earnings begin at:
$21.47 per hour
$44,660 per year
10th percentile
Starting level loan officer earnings begin at:
$15.69 per hour
$32,640 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Kansas | $75,462 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
| Maryland | $68,060 |
| Missouri | $68,010 |
| Florida | $67,760 |
| North Dakota | $67,610 |
| Kentucky | $67,450 |
| Pennsylvania | $66,807 |
| Hawaii | $66,666 |
| Ohio | $64,770 |
| Oregon | $64,610 |
| Maine | $64,110 |
| Virginia | $63,860 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Wyoming | $61,860 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Colorado | $61,010 |
| Nevada | $60,630 |
| Washington | $60,540 |
| Rhode Island | $60,460 |
| California | $60,420 |
| South Carolina | $60,250 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| South Dakota | $59,520 |
| Vermont | $58,650 |
| Montana | $57,840 |
| Mississippi | $57,500 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Arkansas | $55,514 |
| Georgia | $54,690 |
| Tennessee | $54,490 |
| Alabama | $53,488 |
| Arizona | $52,696 |
| New Mexico | $51,460 |
| West Virginia | $48,820 |
| Louisiana | $48,230 |
| Guam | $45,840 |
| Utah | $45,470 |
| Puerto Rico | $29,150 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Rhode Island. On average, they make less than investment bankers but more than bookkeepers.
| Career | Median Salary |
|---|---|
| Investment banker salary | $70K |
| Risk management specialist salary | $70K |
| Financial quantitative analyst salary | $70K |
| Credit analyst salary | $66K |
| Revenue agent salary | $71K |
| Loan officer salary | $60K |
| Social fundraiser salary | $65K |
| Cost estimator salary | $67K |
| Credit counselor salary | $57K |
| Bookkeeper salary | $44K |
Source: CareerExplorer (Aggregated)