Business & Finance Providence, RI Pop. 190,934

Financial Advisor Salary in Providence, Rhode Island

The median financial advisor salary in Providence, RI is $104,929 per year, which is 10.0% above the national median and 2.8% above the Rhode Island state average.

City Median
$104,929
vs State Avg
+$2,862
vs National
+$9,539
Cost of Living
108%

Financial Advisor Salary in Providence by Experience

In Providence, an entry-level financial advisor earns around $52,800, while experienced professionals earn up to $198,000 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$52,800
+$4,800 vs national
Mid Level (3-7 yrs)
$104,500
+$9,500 vs national
Senior Level (8+ yrs)
$198,000
+$18,000 vs national

Salary Percentiles in Providence, RI

Percentile Providence
10th Percentile $48,840
25th Percentile $68,640
Median (50th) $104,929
75th Percentile $163,900
90th Percentile $262,900

Financial Advisor Salary in Other Rhode Island Cities

Warwick, RI
$99,206
Pop. 82,823
Cranston, RI
$97,298
Pop. 82,934
East Providence, RI
$95,390
Pop. 47,139
Pawtucket, RI
$93,482
Pop. 75,604

How to Become a Financial Advisor in Providence

Education

Most financial advisor positions require a bachelor's degree. Providence and the surrounding Rhode Island area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Providence may vary based on local industry and population growth.

Find Financial Advisor Jobs in Providence

Browse open financial advisor positions in Providence, RI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Providence

How much does a Financial Advisor make in Providence, RI? ▼
The median financial advisor salary in Providence, Rhode Island is $104,929 per year, which is 10.0% above the national median of $95,390. Salaries range from $48,840 (10th percentile) to $262,900 (90th percentile).
How much does a Financial Advisor make per hour in Providence? ▼
Based on the median annual salary of $104,929, a financial advisor in Providence earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Providence compare to the Rhode Island state average for financial advisor pay? ▼
Providence's median financial advisor salary of $104,929 is 2.8% above the Rhode Island state average of $102,067. The local cost of living index is 108% of the national average.
What is the cost of living in Providence, RI? ▼
Providence has a cost of living index of 108% compared to the national average. This means a financial advisor salary of $104,929 in Providence has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Providence? ▼
Most financial advisor positions in Providence require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.