Business & Finance Rhode Island (RI) Rank #13 of 50

Financial Advisor Salary in Rhode Island

The median financial advisor salary in Rhode Island is $102,067 per year, which is 7.0% above the national median of $95,390.

Median Salary
$102,067
vs National
+$6,677
State Rank
#13 of 50
Cost of Living
105%

Financial Advisor Salary Overview in Rhode Island (2026)

Rhode Island ranks #13 out of 50 states for financial advisor compensation. Rhode Island falls in the middle of the pack for financial advisor pay, offering salaries near the national average. At $102,067 per year, financial advisors in Rhode Island earn $6,677 more than the national median of $95,390.

Rhode Island's cost of living is near the national average at 105%, meaning financial advisor salaries here translate closely to their face value in purchasing power.

The salary spread in Rhode Island is significant: financial advisors at the 10th percentile earn $47,508, while those at the 90th percentile bring home $255,730 — a $208,222 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $104,929.

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Rhode Island and beyond.

Financial Advisor Salary in Rhode Island by Experience

In Rhode Island, an entry-level financial advisor earns around $51,360, while experienced professionals earn up to $192,600 per year. The cost of living index in Rhode Island is 105% of the national average.

Entry Level (0-2 yrs)
$51,360
+$3,360 vs national
Mid Level (3-7 yrs)
$101,650
+$6,650 vs national
Senior Level (8+ yrs)
$192,600
+$12,600 vs national

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Salary Percentiles in Rhode Island

Percentile RI Salary
10th Percentile $47,508
25th Percentile $66,768
Median (50th) $102,067
75th Percentile $159,430
90th Percentile $255,730

Financial Advisor Salary by City in Rhode Island

The largest employment areas for financial advisors in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Advisor in Rhode Island

Education

Most financial advisor positions require a bachelor's degree. Rhode Island has several accredited institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook in Rhode Island

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Rhode Island's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Advisor Salary in Rhode Island

How much does a Financial Advisor make in Rhode Island? ▼
The median financial advisor salary in Rhode Island is $102,067 per year, which is 7.0% above the national median of $95,390. Salaries range from $47,508 (10th percentile) to $255,730 (90th percentile).
How much does a Financial Advisor make per hour in Rhode Island? ▼
Based on the median annual salary of $102,067, a financial advisor in Rhode Island earns approximately $49 per hour assuming a standard 2,080-hour work year.
Is Rhode Island a good state for financial advisors? ▼
Rhode Island ranks #13 out of 50 states for financial advisor pay. The cost of living index is 105% of the national average. Entry-level financial advisors earn $51,360, while senior professionals earn $192,600.
How does Rhode Island compare to other states for financial advisor salary? ▼
The highest paying state for financial advisors is Hawaii at $162,163. Rhode Island's median of $102,067 ranks #13 nationally. Nearby-ranked states include Virginia ($103,975) and New Hampshire ($102,067).
What is the entry-level financial advisor salary in Rhode Island? ▼
An entry-level financial advisor in Rhode Island earns approximately $51,360 per year. With 3-7 years of experience, pay increases to around $101,650. Senior-level professionals with 8+ years earn up to $192,600.
What city in Rhode Island pays financial advisors the most? ▼
Providence is the highest paying city in Rhode Island for financial advisors, with a median salary of $104,929. Other cities include Warwick and Cranston.