Loan Officers pay range in Providence
New workers and the lowest-paid 10% earn about $50,420 a year or less, while the top 10% make $137,250 or more. The middle half of loan officers in Providence earn between $56,860 and $100,380.
- $50K10th
- $57K25th
- $78KMedian
- $100K75th
- $137K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $86,280 | $7,190 | $41.48 |
| Median | $78,500 | $6,542 | $37.74 |
| Entry level (25th percentile) | $56,860 | $4,738 | $27.34 |
| Experienced (75th percentile) | $100,380 | $8,365 | $48.26 |
*Hourly figures assume 2,080 paid hours a year.
Loan Officers salary after taxes in Providence
On the average salary of $86,280, a single filer in Providence takes home about $66,909 a year, or $5,576 a month and $2,573 every two weeks. Taxes take 22% of gross pay.
The Providence-Warwick, RI-MA metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in RI | $66,909 | $5,576 |
| Working in MA | $65,534 | $5,461 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Rhode Island's Temporary Disability Insurance payroll contribution is not included.
Is Providence a good place for loan officers? Pay vs. cost of living
Prices in the Providence area are 2% above the U.S. average (BEA price parity 101.8), so the average $86,280 buys what about $84,777 would buy in a typical U.S. metro. This job pays 1.5 times the median wage of all jobs in Providence ($53,680). A typical home costs $524,867, or 6.1 years of this average salary before tax.
Loan Officers salary in nearby metro areas
- Norwich, CT$116,460
- Worcester, MA$108,220
- Boston, MA$120,300
- Barnstable, MA$110,380
- Hartford, CT$92,350
- Springfield, MA$104,070
Highest-paying cities for loan officers
Elmira, NY pays this job the most of the metro areas we cover ($129,370).
- Elmira, NY$129,370
- New York, NY$121,180
- Boston, MA$120,300
- San Francisco, CA$116,480
- Norwich, CT$116,460
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Loan Officers salary in Providence: questions
How much do loan officers make an hour in Providence?
$41.48 an hour on average, and $37.74 at the median (BLS, May 2025).
What is the entry-level loan officers salary in Providence?
The lowest-paid 10% earn about $50,420 a year and the 25th percentile is $56,860, a fair guide to starting pay.
What is the loan officers take-home pay in Providence?
About $66,909 a year ($5,576 a month) for a single filer on the average salary of $86,280. Rhode Island's Temporary Disability Insurance payroll contribution is not included.
Do loan officers earn more in Providence than elsewhere?
The average here is about the same as the U.S. metro average for this job ($88,726).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2072; area Providence-Warwick, RI-MA (39300). Relative standard error of the mean wage: 3.7%.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Rhode Island's Temporary Disability Insurance payroll contribution is not included.
- Job concentration: location quotient 1.16, this job is about as common as in the U.S. overall.
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