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Business Analyst Salary in Providence, RI

How much does a business analyst make in Providence? Explore median, entry-level, and senior salaries adjusted for Providence's cost of living.

Median Salary
$93,320
per year in Providence
Entry Level
$55,143
Starting salary
Senior Level
$127,254
Experienced professionals
Cost of Living
124
24% above national avg

Salary Breakdown by Experience Level

See how business analyst salaries break down across different pay periods in Providence.

PeriodEntry LevelMedianSenior
Annual$55,143$93,320$127,254
Monthly$4,595$7,777$10,605
Biweekly$2,121$3,589$4,894
Weekly$1,060$1,795$2,447
Hourly$27$45$61

Providence vs National Average

How Providence's business analyst salaries compare to national figures.

Providence Salary
$93,320
COL Index: 124
National Average
$98,190
COL Index: 100
Difference
-$4,870
Lower in Providence

Cost of Living in Providence

1-Bedroom Rent
$1,750
per month
Median Income
$54,234
per year
Population
177,994
residents
Rent % of Income
38.7%
median household
Cost of Living Index: 124 — A score of 100 represents the U.S. average. Salaries in Providence have been adjusted to account for local cost differences.

About Business Analyst

Overview

Analyze business processes and requirements to improve operations.

Education

Bachelor's degree in Business, IT, or related field

Key Skills

Requirements AnalysisProcess MappingData AnalysisBusiness Acumen

Growth Rate

Expected job growth: +20% over the next decade

Compare Cities: Business Analyst Salary

See Business Analyst salaries in other top cities.

New York, NY
$110,950
+19%
Los Angeles, CA
$107,470
+15%
Chicago, IL
$120,140
+29%
Houston, TX
$98,620
+6%
Phoenix, AZ
$90,810
-3%

Financial Tools to Explore

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Business Analyst Salary in Providence, RI — Complete Guide

Median Salary Overview

The median salary for a business analyst in Providence, RI is $93,320 per year, adjusted for the local cost of living index of 124. This figure reflects typical earnings for experienced professionals in this role, considering Providence's unique economic conditions.

Salary Range and Experience Levels

Entry-level business analyst professionals in Providence can expect to earn around $55,143 annually. As professionals gain experience, salaries typically increase, with senior-level business analysts earning approximately $127,254 per year. This represents a 131% increase from entry to senior level.

Cost of Living Adjustment

Providence's cost of living index of 124 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Providence are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $98,190, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a business analyst's salary in Providence typically goes toward housing. With a 1-bedroom apartment averaging $1,750 per month, housing represents about 22.5% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Business Analysts are in growing demand across the United States, with an expected job growth of 20% over the next decade. In Providence, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.