Loan Officer Salary in Rhode Island
Median annual pay in Rhode Island
$77,250
$37.14/hour
BLS OEWS, May 2025
Adjusted for cost of living in Rhode Island
$75,528
Regional Price Parity: 102.280 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($76,690): +$560 (+0.7%)
Rhode Island ranks 24th of 51 states by median pay, and 30th of 51 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $50,420 | $24.24 |
| 25th percentile | $55,640 | $26.75 |
| Median | $77,250 | $37.14 |
| 75th percentile | $99,930 | $48.04 |
| 90th percentile | $134,950 | $64.88 |
Employment
- Employment in Rhode Island
- 1,290
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Comparison
Compared with the U.S.
- Median annual pay in Rhode Island
- $77,250
- Median annual pay in the U.S.
- $76,690
- Difference
- +$560 (+0.7%)
Cost of living
$77,250 ÷ 102.280 × 100 = $75,528
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| Virginia | ||
| 22nd | $78,320 | $77,465 26th |
| Wisconsin | ||
| 23rd | $78,290 | $83,203 18th |
| Rhode Island This page | ||
| 24th | $77,250 | $75,528 30th |
| Ohio | ||
| 25th | $76,370 | $82,318 20th |
| North Carolina | ||
| 26th | $75,920 | $80,487 23rd |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Credit Counselor salary in the U.S.
$52,230/year U.S.
- Credit Analyst salary in the U.S.
$83,510/year U.S.
- Personal Financial Advisor salary in the U.S.
$105,070/year U.S.
- Securities, Commodities, and Financial Services Sales Agent salary in the U.S.
$78,660/year U.S.
- Financial Manager salary in the U.S.
$166,570/year U.S.
- Brokerage Clerk salary in the U.S.
$65,750/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +1.1%
- Typical education needed for entry (U.S.)
- Bachelor's degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Loan Officer salary in nearby places
- Loan Officer salary in Connecticut
$95,730/year Connecticut
- Loan Officer salary in Massachusetts
$101,600/year Massachusetts
- Loan Officer salary in New York
$95,710/year New York
- Loan Officer salary in the U.S.
$76,690/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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