Average Financial Specialists, All Other Salary in Providence-Warwick, RI-MA
Financial Specialists, All Other in Providence-Warwick, RI-MA earn an average annual salary of $93,150. This figure is slightly below the national average of $94,320, suggesting a nuanced compensation landscape influenced by regional economic factors and industry demand within the Providence metropolitan area. While not reaching the national benchmark, the local salary reflects the specific economic conditions and the concentration of financial roles in this locale.
Executive Summary
- Average Salary: $93,150 per year.
- Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $141,370.
- Outlook: The Providence-Warwick area supports a local workforce of 470 Financial Specialists, All Other. With a Location Quotient of 0.81, the concentration of these roles is slightly below the national average, indicating a moderately developed but not overly saturated market. The presence of 0.671 jobs per 1,000 workers suggests a stable demand for these professionals within the region's economy.
Salary Overview
The average Financial Specialists, All Other in Providence-Warwick, RI-MA earns-1.2%below the national average.
$44.8
$1,791
$7,763
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles like Financial Specialists, All Other experience consistent salary growth over four-year periods, driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets. It is reasonable to assume that professionals in Providence-Warwick have likely seen their compensation rise in line with national trends, reflecting an upward trajectory in earning potential.
Financial Specialists, All Other Salary Distribution in Providence-Warwick, RI-MA
Career progression for Financial Specialists, All Other typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, 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 signifies substantial opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,350 | $27.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,863 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,800 | $41.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,438 | $56 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $141,370 | $68 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$93,150
Gross Pay
Real Wage (Purchasing Power)
$93,150
Adjusted for COL (100)
The average annual salary of $93,150 in Providence-Warwick aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Specialist's salary in this region is equivalent to that of a professional earning the national average salary in a location with average living costs. Therefore, the nominal salary translates directly to the national average standard of living.
Job Market Context
470
Total Jobs
0.671
Per 1K Jobs
0.81
Location Quotient
Providence-Warwick, RI-MA has 0.81x the national average concentration of Financial Specialists, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.81 for Financial Specialists, All Other in Providence-Warwick indicates that the concentration of these jobs is slightly lower than the national average. This suggests that while the profession is present and has a stable workforce, the market may be less competitive or have fewer specialized opportunities compared to national hubs. It presents a balanced environment for job seekers, with moderate demand and a workforce size that doesn't suggest intense competition.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Specialists, All Other Salary | $76,730↓ 18% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Financial Specialists, All Other Salary | $103,830↑ 11% | 38 mi |
| Norwich-New London-Willimantic, CT Financial Specialists, All Other Salary | $91,760↓ 1% | 39 mi |
| Barnstable Town, MA Financial Specialists, All Other Salary | $75,410↓ 19% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Providence-Warwick, RI-MA?
The median annual salary for a Financial Specialists, All Other in Providence-Warwick, RI-MA is $93,150. This typically ranges from $57,350 for entry-level positions to $141,370 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 1.2% lower than the national median of $94,320.
Is Providence-Warwick, RI-MA a lucrative place for Financial Specialists, All Others?
No, not significantly more lucrative than the national average.The average salary of $93,150 is slightly below the national average, and the cost of living is exactly at the national average. This indicates that the earning potential is comparable to, but not exceeding, the national standard.
Is Providence-Warwick, RI-MA a good place to live for Financial Specialists, All Others?
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 ($76,730) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick salary compare to the national average?
The average annual salary for Financial Specialists, All Other in Providence-Warwick is $93,150, which is slightly lower than the national average of $94,320.
What is the concentration of Financial Specialists in Providence-Warwick?
The Location Quotient is 0.81, meaning the concentration of Financial Specialists, All Other in Providence-Warwick is 19% lower than the national average.
How does the cost of living in Providence-Warwick affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average. Therefore, the $93,150 salary offers purchasing power equivalent to the national average.
What is the total number of Financial Specialists in the Providence-Warwick area?
There are approximately 470 Financial Specialists, All Other employed within the Providence-Warwick, RI-MA metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Providence-Warwick, RI-MA area with a job density of 0.671 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Providence-Warwick, RI-MA