Average Claims Adjusters, Examiners, and Investigators Salary in Providence-Warwick, RI-MA
Claims Adjusters, Examiners, and Investigators in the Providence-Warwick, RI-MA area earn an impressive average annual salary of $87,300. This figure significantly surpasses the national average of $76,760, indicating a strong demand and potentially higher operational costs or specialized market needs within this region that drive compensation upwards.
Executive Summary
- Average Salary: $87,300 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,980.
- Outlook: With a local workforce of 1,400 Claims Adjusters, Examiners, and Investigators, and a Location Quotient of 1.01, the job market in Providence-Warwick demonstrates a healthy and stable presence. This concentration, nearly on par with the national average, suggests consistent employment opportunities and a well-established industry presence, indicating a robust outlook for professionals in this field.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Providence-Warwick, RI-MA earns+13.7%above the national average.
$42
$1,679
$7,275
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Claims Adjusters, Examiners, and Investigators in Providence-Warwick have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, evolving industry regulations, and increasing complexity in claims processing likely contribute to upward pressure on compensation, ensuring that professionals see their earnings keep pace with economic shifts.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Providence-Warwick, RI-MA
Career progression for Claims Adjusters, Examiners, and Investigators in Providence-Warwick typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized certifications can command salaries well into the upper percentiles. These percentile gaps clearly signify the value placed on experience and advanced skills within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,610 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,475 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,480 | $40.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,125 | $52.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,980 | $60.6 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$87,300
Gross Pay
Real Wage (Purchasing Power)
$87,300
Adjusted for COL (100)
The average annual salary of $87,300 in Providence-Warwick aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Claims Adjuster's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain relative to other parts of the country.
Job Market Context
1,400
Total Jobs
1.989
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Claims Adjusters, Examiners, and Investigators roles compared to the national norm.
A Location Quotient of 1.01 for Claims Adjusters, Examiners, and Investigators in Providence-Warwick indicates that the concentration of these jobs in the area is very close to the national average. This suggests a competitive yet stable job market, where opportunities are readily available but professionals may need to demonstrate specific skills or experience to stand out among their peers.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Claims Adjusters, Examiners, and Investigators Salary | $82,490↓ 6% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Claims Adjusters, Examiners, and Investigators Salary | $89,410↑ 2% | 38 mi |
| Norwich-New London-Willimantic, CT Claims Adjusters, Examiners, and Investigators Salary | $98,850↑ 13% | 39 mi |
| Barnstable Town, MA Claims Adjusters, Examiners, and Investigators Salary | $92,500↑ 6% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Providence-Warwick, RI-MA?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Providence-Warwick, RI-MA is $87,300. This typically ranges from $58,610 for entry-level positions to $125,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 13.7% higher than the national median of $76,760.
Is Providence-Warwick, RI-MA a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
Yes, it is a lucrative location.The average salary of $87,300 is notably higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Providence-Warwick, RI-MA a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($82,490) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick salary compare to the national average?
The average salary for Claims Adjusters, Examiners, and Investigators in Providence-Warwick is $87,300, which is $10,540 higher than the national average of $76,760.
What is the job concentration like for Claims Adjusters in Providence-Warwick?
The job concentration, measured by the Location Quotient, is 1.01, indicating that the number of Claims Adjusters, Examiners, and Investigators per worker in Providence-Warwick is very similar to the national average.
How does the cost of living affect the salary in Providence-Warwick?
With a Cost of Living Index of 100, the local cost of living is exactly the national average, meaning the higher salary in Providence-Warwick offers equivalent purchasing power to the national average salary in a typical U.S. location.
What is the total number of Claims Adjusters, Examiners, and Investigators in Providence-Warwick?
There are approximately 1,400 Claims Adjusters, Examiners, and Investigators employed within the Providence-Warwick, RI-MA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,400 employees in the Providence-Warwick, RI-MA area with a job density of 1.989 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Providence-Warwick, RI-MA