Average Management Analysts Salary in Providence-Warwick, RI-MA
Management Analysts in the Providence-Warwick, RI-MA area earn an average annual salary of $105,060. This figure is below the national average of $119,370, reflecting regional economic factors and the specific demand within the local market. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $105,060 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,250.
- Outlook: The Providence-Warwick area supports a local workforce of 3,180 Management Analysts. With a Location Quotient of 0.78, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated job market. The presence of nearly 4.5 jobs per 1,000 workers indicates a consistent demand for these analytical professionals within the region.
Salary Overview
The average Management Analysts in Providence-Warwick, RI-MA earns-12.0%below the national average.
$50.5
$2,020
$8,755
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that Management Analyst salaries in Providence-Warwick have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry needs typically drive salary increases for skilled professionals in this field, aiming to keep pace with the cost of living and retain talent.
Management Analysts Salary Distribution in Providence-Warwick, RI-MA
The career trajectory for Management Analysts typically involves significant salary progression with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the value of accumulated expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,680 | $31.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,795 | $37.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,320 | $44.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $131,325 | $63.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,250 | $74.2 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$105,060
Gross Pay
Real Wage (Purchasing Power)
$105,060
Adjusted for COL (100)
The average Management Analyst salary of $105,060 in Providence-Warwick aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a Management Analyst's salary in this region is equivalent to the national average. While the nominal pay is lower than the national average salary, the cost of living parity suggests that the take-home pay may offer comparable lifestyle benefits.
Job Market Context
3,180
Total Jobs
4.495
Per 1K Jobs
0.78
Location Quotient
Providence-Warwick, RI-MA has 0.78x the national average concentration of Management Analysts 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 0.78 for Management Analysts in Providence-Warwick indicates that the profession is slightly less concentrated here compared to the national average. This suggests that while the job market is present and stable with 3,180 professionals, it may not be as saturated as in other major hubs, potentially offering a good balance of opportunity and competition for skilled analysts.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Management Analysts Salary | $121,490↑ 16% | 29 mi |
| Worcester, MA Management Analysts Salary | $120,220↑ 14% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Management Analysts Salary | $149,850↑ 43% | 38 mi |
| Norwich-New London-Willimantic, CT Management Analysts Salary | $116,970↑ 11% | 39 mi |
| Barnstable Town, MA Management Analysts Salary | $123,950↑ 18% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Management Analysts make in Providence-Warwick, RI-MA?
The median annual salary for a Management Analysts in Providence-Warwick, RI-MA is $105,060. This typically ranges from $65,680 for entry-level positions to $154,250 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 12.0% lower than the national median of $119,370.
Is Providence-Warwick, RI-MA a lucrative place for Management Analysts?
No, not exceptionally lucrative compared to the national average.The average salary of $105,060 is below the national average, though the cost of living is also at the national average, making the purchasing power comparable.
Is Providence-Warwick, RI-MA a good place to live for Management 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 Massachusetts nonmetropolitan area ($121,490) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
The average salary for Management Analysts in Providence-Warwick is $105,060, which is approximately 12% lower than the national average of $119,370.
What is the cost of living in Providence-Warwick, RI-MA?
The cost of living index in Providence-Warwick is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
How many Management Analysts work in Providence-Warwick?
There are approximately 3,180 Management Analysts employed in the Providence-Warwick, RI-MA metropolitan area.
Is the demand for Management Analysts high in Providence-Warwick?
With 4.495 jobs per 1,000 workers and a Location Quotient of 0.78, the demand is steady but not exceptionally concentrated, indicating a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,180 employees in the Providence-Warwick, RI-MA area with a job density of 4.495 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Providence-Warwick, RI-MA