Financial Analyst Salary in Providence, RI
How much does a financial analyst make in Providence? Explore median, entry-level, and senior salaries adjusted for Providence's cost of living.
Salary Breakdown by Experience Level
See how financial analyst salaries break down across different pay periods in Providence.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $59,090 | $98,842 | $137,519 |
| Monthly | $4,924 | $8,237 | $11,460 |
| Biweekly | $2,273 | $3,802 | $5,289 |
| Weekly | $1,136 | $1,901 | $2,645 |
| Hourly | $28 | $48 | $66 |
Providence vs National Average
How Providence's financial analyst salaries compare to national figures.
Cost of Living in Providence
About Financial Analyst
Overview
Analyze financial data and provide recommendations for investments and business decisions.
Education
Bachelor's degree in Finance, Economics, or related field
Key Skills
Growth Rate
Expected job growth: +19% over the next decade
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Financial Analyst Salary in Providence, RI — Complete Guide
Median Salary Overview
The median salary for a financial analyst in Providence, RI is $98,842 per year, adjusted for the local cost of living index of 108. This figure reflects typical earnings for experienced professionals in this role, considering Providence's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial analyst professionals in Providence can expect to earn around $59,090 annually. As professionals gain experience, salaries typically increase, with senior-level financial analysts earning approximately $137,519 per year. This represents a 133% increase from entry to senior level.
Cost of Living Adjustment
Providence's cost of living index of 108 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 $83,200, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a financial analyst's salary in Providence typically goes toward housing. With a 1-bedroom apartment averaging $1,400 per month, housing represents about 17.0% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Financial Analysts are in growing demand across the United States, with an expected job growth of 19% over the next decade. In Providence, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.