Loan Officers pay in Providence-Warwick

In Providence-Warwick (RI), the median pay for loan officers is $37.74 an hour ($78,500 a year). About 1,460 people work in this job there.

$37.74Median hourly pay
$56,860–$100,380Middle half of workers, yearly
1,460People in this job in Providence-Warwick (RI)

That is 2% higher than the U.S. median ($76,690). It is 2% higher than the Rhode Island median ($77,250).

Pay range for loan officers in Providence-Warwick (RI)

Earns more thanHourlyYearly
10% of workers$24.24$50,420
25% of workers$27.34$56,860
Half of workers (median)$37.74$78,500
75% of workers$48.26$100,380
90% of workers$65.98$137,250

Loan Officers pay in Rhode Island metro areas

Metro areaMedian yearly payPeople in this job
Providence-Warwick (this page)$78,5001,460

Rhode Island unemployment rate: 3.7% (August 2026), U.S. Bureau of Labor Statistics.

Education, experience and outlook for loan officers

  • Typical education to start: Bachelor's degree (BLS)
  • Related work experience most have: 2 to 4 years (O*NET)
  • Experience usually needed to start: Less than 5 years (BLS)
  • Training on the job: Moderate-term on-the-job training (BLS)
  • Job outlook: +1.1% over ten years, little or no change · about 17,100 openings a year (BLS)

Related jobs in Providence-Warwick (RI)

JobMedian yearly pay
Accountants and Auditors$95,020
Financial and Investment Analysts$100,290
Personal Financial Advisors$83,720

Other job titles for this job

Financial CounselorFinancial Aid CounselorHome Lending AdvisorAgricultural Loan OfficerBank OfficerBanking Services OfficerBranch Lending OfficerBusiness Banking OfficerCommercial BankerCommercial LenderCommercial Loan Collection OfficerCommercial Loan Officer

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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.