Average Claims Adjusters, Examiners, and Investigators Salary in Rhode Island
Claims Adjusters, Examiners, and Investigators in Rhode Island earn an impressive average annual salary of $87,280, significantly outpacing the national average of $76,760. This elevated compensation is likely driven by a combination of factors unique to the state's economic landscape and a specialized demand for these crucial roles.
Executive Summary
- Average Salary: $87,280 per year.
- Growth Trend: Salaries have shifted 16.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,690.
- Outlook: With a local workforce of 1,290 Claims Adjusters, Examiners, and Investigators, Rhode Island demonstrates a notable concentration of these professionals, indicated by a Location Quotient of 1.32. This suggests a robust and potentially growing demand for skilled individuals in this sector within the state, exceeding the national distribution.
Salary Overview
The average Claims Adjusters, Examiners, and Investigators in Rhode Island earns+13.7%above the national average.
$42
$1,678
$7,273
Claims Adjusters, Examiners, and Investigators Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the salary for Claims Adjusters, Examiners, and Investigators in Rhode Island has experienced consistent growth over the past four years, mirroring national trends of increasing wages in specialized professional fields. This upward trajectory is often influenced by inflation, evolving industry demands, and the need to attract and retain qualified talent.
Claims Adjusters, Examiners, and Investigators Salary Distribution in Rhode Island
Career progression for Claims Adjusters, Examiners, and Investigators in Rhode Island typically correlates with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive expertise and a proven track record can expect to earn significantly more, potentially reaching into the upper percentiles. The widening salary gap between junior and senior roles reflects the value placed on accumulated knowledge and specialized skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,000 | $26.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,460 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,480 | $40.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,100 | $52.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,690 | $61.4 |
Detailed Claims Adjusters, Examiners, and Investigators Market Analysis
Relocation Context
Nominal Salary
$87,280
Gross Pay
Real Wage (Purchasing Power)
$77,929
Adjusted for COL (112)
The average annual salary of $87,280 in Rhode Island presents a strong financial standing when considered against the state's Cost of Living Index of 112. While slightly above the national average, the higher nominal income provides a reasonable buffer, suggesting that purchasing power for these professionals remains competitive within the local market.
Job Market Context
1,290
Total Jobs
2.609
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Rhode Island has a slightly higher-than-average concentration of Claims Adjusters, Examiners, and Investigators roles compared to the national norm.
Rhode Island's Location Quotient of 1.32 for Claims Adjusters, Examiners, and Investigators signifies a market where this profession is more concentrated than the national average. This indicates a potentially competitive environment for job seekers, but also suggests a healthy and established industry presence with ample opportunities for those with the right qualifications.
Nearby Job Markets
Nearby Cities for Claims Adjusters, Examiners, and Investigators
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Claims Adjusters, Examiners, and Investigators Salary | $87,300↑ 0% | 11 mi |
| Norwich-New London-Willimantic, CT Claims Adjusters, Examiners, and Investigators Salary | $98,850↑ 13% | 31 mi |
| Worcester, MA Claims Adjusters, Examiners, and Investigators Salary | $82,490↓ 5% | 43 mi |
| Boston-Cambridge-Newton, MA-NH Claims Adjusters, Examiners, and Investigators Salary | $89,410↑ 2% | 49 mi |
Comparing salaries near Rhode Island
Hiring Claims Adjusters, Examiners, and Investigatorss?
Frequently Asked Questions
How much does a Claims Adjusters, Examiners, and Investigators make in Rhode Island?
The median annual salary for a Claims Adjusters, Examiners, and Investigators in Rhode Island is $87,280. This typically ranges from $56,000 for entry-level positions to $127,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rhode Island is 13.7% higher than the national median of $76,760.
Is Rhode Island a lucrative place for Claims Adjusters, Examiners, and Investigatorss?
Yes, Rhode Island offers a lucrative environment for Claims Adjusters, Examiners, and Investigators.The average salary of $87,280 significantly exceeds the national average, and while the cost of living is slightly higher, the nominal wage provides strong earning potential.
Is Rhode Island a good place to live for Claims Adjusters, Examiners, and Investigators?
The Cost of Living Index in Rhode Island is 112. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rhode Island?
Some top paying nearby cities include Providence-Warwick, RI-MA ($87,300) and Norwich-New London-Willimantic, CT.
How does Rhode Island's average salary compare to the national average?
The average annual salary for Claims Adjusters, Examiners, and Investigators in Rhode Island is $87,280, which is notably higher than the national average of $76,760.
What is the concentration of Claims Adjusters in Rhode Island?
Rhode Island has a higher concentration of Claims Adjusters, Examiners, and Investigators than the national average, with a Location Quotient of 1.32, indicating a specialized demand.
How does the cost of living in Rhode Island affect the salary?
With a Cost of Living Index of 112, Rhode Island is slightly more expensive than the national average. However, the higher average salary of $87,280 helps to offset this increased cost.
What does the total local workforce number mean for job seekers?
A local workforce of 1,290 suggests a substantial presence of Claims Adjusters, Examiners, and Investigators in Rhode Island, indicating a stable job market with opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,290 employees in the Rhode Island area with a job density of 2.609 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 Rhode Island