As of August 01, 2026, the average salary for a Loan Broker in Rhode Island is $62,927 per year, which breaks down to an hourly rate of $30.
However, a Loan Broker's salary can vary significantly. Here’s a look at the typical salary range:
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A Loan Broker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Brokers. For example, consider the average annual salaries in these key locations:
For Loan Broker roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Loan Broker positions in Transportation or Retail & Wholesale typically offer lower base pay, as these industries often view Loan Broker as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $78,659 | $38.0 | 25% |
| Biotechnology | $75,512 | $36.0 | 20% |
| Software & Networking | $75,512 | $36.0 | 20% |
| Energy & Utilities | $72,366 | $35.0 | 15% |
| Chemicals | $69,219 | $33.0 | 10% |
Understanding how a Loan Broker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current Loan Broker job openings on our job board. Use the search bar below to find your perfect match.
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