Average Financial and Investment Analysts Salary in Providence-Warwick, RI-MA
Financial and Investment Analysts in the Providence-Warwick, RI-MA area earn an average annual salary of $117,340. This figure is remarkably close to the national average of $117,950, indicating a stable and competitive compensation landscape. The local economic drivers and demand within the financial sector in this region play a significant role in maintaining this parity.
Executive Summary
- Average Salary: $117,340 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $184,130.
- Outlook: With a local workforce of 2,040 Financial and Investment Analysts, Providence-Warwick demonstrates a substantial presence in this field. The Location Quotient of 1.3 signifies that this profession is more concentrated here than the national average, suggesting a robust demand and a potentially thriving job market for these specialists.
Salary Overview
The average Financial and Investment Analysts in Providence-Warwick, RI-MA earns-0.5%below the national average.
$56.4
$2,257
$9,778
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts in Providence-Warwick have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving market dynamics, increased demand for financial expertise, and inflation likely contribute to upward salary adjustments in this sector.
Financial and Investment Analysts Salary Distribution in Providence-Warwick, RI-MA
Career progression for Financial and Investment Analysts in Providence-Warwick typically correlates with experience. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects significant opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,400 | $29 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,005 | $42.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $84,800 | $40.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,675 | $70.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $184,130 | $88.5 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$117,340
Gross Pay
Real Wage (Purchasing Power)
$117,340
Adjusted for COL (100)
The average annual salary of $117,340 in Providence-Warwick aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an analyst's salary in this metropolitan area is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
2,040
Total Jobs
2.881
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
A Location Quotient of 1.3 indicates that Financial and Investment Analysts are 30% more concentrated in Providence-Warwick than in the average U.S. metropolitan area. This suggests a healthy and active job market with potentially more opportunities and a competitive environment for both employers seeking talent and professionals seeking roles.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial and Investment Analysts Salary | $103,760↓ 12% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Financial and Investment Analysts Salary | $133,690↑ 14% | 38 mi |
| Norwich-New London-Willimantic, CT Financial and Investment Analysts Salary | $104,360↓ 11% | 39 mi |
| Barnstable Town, MA Financial and Investment Analysts Salary | $107,030↓ 9% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Providence-Warwick, RI-MA?
The median annual salary for a Financial and Investment Analysts in Providence-Warwick, RI-MA is $117,340. This typically ranges from $60,400 for entry-level positions to $184,130 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 0.5% lower than the national median of $117,950.
Is Providence-Warwick, RI-MA a lucrative place for Financial and Investment Analysts?
Yes, it is a competitive place for Financial and Investment Analysts.The average salary is nearly on par with the national average, and the cost of living is also at the national average, making it financially stable. Furthermore, the higher concentration of these roles suggests strong local demand.
Is Providence-Warwick, RI-MA a good place to live for Financial and Investment Analysts?
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 ($103,760) and Boston-Cambridge-Newton, MA-NH.
How does the number of Financial and Investment Analysts in Providence-Warwick compare nationally?
Providence-Warwick has a local workforce of 2,040 Financial and Investment Analysts, with 2.881 jobs per 1,000 workers, indicating a significant presence in the field relative to the national average.
What does a Location Quotient of 1.3 mean for Financial and Investment Analysts in Providence-Warwick?
A Location Quotient of 1.3 means that the concentration of Financial and Investment Analysts in Providence-Warwick is 30% higher than the national average, suggesting a strong local industry presence and demand for these professionals.
How does the cost of living in Providence-Warwick affect the Financial and Investment Analyst salary?
With a Cost of Living Index of 100, the national average, the $117,340 salary in Providence-Warwick offers purchasing power equivalent to the national average, indicating a balanced financial environment.
Are there many job opportunities for Financial and Investment Analysts in Providence-Warwick?
Yes, the Location Quotient of 1.3 and a local workforce of 2,040 suggest a robust market with a higher-than-average concentration of these roles, implying good opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,040 employees in the Providence-Warwick, RI-MA area with a job density of 2.881 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Providence-Warwick, RI-MA