Average Financial Examiners Salary in Providence-Warwick, RI-MA
Financial Examiners in the Providence-Warwick, RI-MA area earn an average annual salary of $97,220. This figure is slightly below the national average of $99,150, a common occurrence in metropolitan areas with specific industry concentrations. Local economic factors and the demand within the region's financial sector play a significant role in shaping compensation for these crucial roles.
Executive Summary
- Average Salary: $97,220 per year.
- Growth Trend: Salaries have shifted 9.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $152,670.
- Outlook: The Providence-Warwick area supports a local workforce of 360 Financial Examiners, indicating a stable, albeit niche, job market. With a Location Quotient of 1.25, this region demonstrates a concentration of these professionals that is 25% higher than the national average. This suggests a robust demand and a potentially competitive environment for skilled Financial Examiners within the local economy.
Salary Overview
The average Financial Examiners in Providence-Warwick, RI-MA earns-1.9%below the national average.
$46.7
$1,870
$8,102
Financial Examiners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Examiners in Providence-Warwick have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing regulatory complexity, and a growing demand for financial oversight likely contribute to upward pressure on compensation for experienced professionals in this field.
Financial Examiners Salary Distribution in Providence-Warwick, RI-MA
The career trajectory for Financial Examiners typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, develop specialized skills, and take on more complex responsibilities, their earning potential increases substantially. The gap between entry-level and senior-level salaries reflects this progression and the value placed on seasoned financial oversight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,350 | $30 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,915 | $35.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,940 | $41.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,525 | $58.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $152,670 | $73.4 |
Detailed Financial Examiners Market Analysis
Relocation Context
Nominal Salary
$97,220
Gross Pay
Real Wage (Purchasing Power)
$97,220
Adjusted for COL (100)
The average annual salary of $97,220 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 Financial Examiner's salary in this area is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of significantly higher or lower living expenses.
Job Market Context
360
Total Jobs
0.51
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Financial Examiners roles compared to the national norm.
A Location Quotient of 1.25 signifies that Providence-Warwick has a higher concentration of Financial Examiners relative to its overall workforce compared to the national average. This suggests a specialized market where demand may outpace supply for highly qualified individuals, potentially leading to competitive salaries and opportunities for career advancement within the region's financial institutions.
Nearby Job Markets
Nearby Cities for Financial Examiners
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Examiners Salary | $82,210↓ 15% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Financial Examiners Salary | $106,030↑ 9% | 38 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Financial Examinerss?
Frequently Asked Questions
How much does a Financial Examiners make in Providence-Warwick, RI-MA?
The median annual salary for a Financial Examiners in Providence-Warwick, RI-MA is $97,220. This typically ranges from $62,350 for entry-level positions to $152,670 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 1.9% lower than the national median of $99,150.
Is Providence-Warwick, RI-MA a lucrative place for Financial Examiners?
Yes, with a stable earning potential.Financial Examiners in Providence-Warwick earn $97,220 annually, which is on par with the national average cost of living. The higher-than-average concentration of these roles (LQ 1.25) indicates a strong local market.
Is Providence-Warwick, RI-MA a good place to live for Financial Examiners?
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 ($82,210) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick salary compare to the national average?
The average salary for Financial Examiners in Providence-Warwick is $97,220, which is slightly lower than the national average of $99,150.
What is the Cost of Living in Providence-Warwick like for Financial Examiners?
The Cost of Living Index in Providence-Warwick is 100, meaning it is exactly at the national average. This allows the $97,220 salary to have purchasing power equivalent to the national average.
Is there high demand for Financial Examiners in Providence-Warwick?
With a Location Quotient of 1.25, Providence-Warwick shows a higher concentration of Financial Examiners than the national average, suggesting a robust and potentially competitive job market for these professionals.
How many Financial Examiners work in Providence-Warwick?
The Providence-Warwick area employs approximately 360 Financial Examiners, contributing to the local financial sector's specialized workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Providence-Warwick, RI-MA area with a job density of 0.51 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Examiners Salaries by State
Top Jobs in Providence-Warwick, RI-MA
- All Occupations Salary in Providence-Warwick, RI-MA
- Office and Administrative Support Occupations Salary in Providence-Warwick, RI-MA
- Food Preparation and Serving Related Occupations Salary in Providence-Warwick, RI-MA
- Sales and Related Occupations Salary in Providence-Warwick, RI-MA
- Transportation and Material Moving Occupations Salary in Providence-Warwick, RI-MA
- Healthcare Practitioners and Technical Occupations Salary in Providence-Warwick, RI-MA
- Educational Instruction and Library Occupations Salary in Providence-Warwick, RI-MA
- Production Occupations Salary in Providence-Warwick, RI-MA
- Business and Financial Operations Occupations Salary in Providence-Warwick, RI-MA
- Management Occupations Salary in Providence-Warwick, RI-MA
- Browse All Jobs in Providence-Warwick, RI-MA →
Semantic Salary Analysis for Financial Examiners • Data source: BLS OEWS 2024 •Jobs in Providence-Warwick, RI-MA