Financial Advisor Hourly Pay in Woonsocket, RI: $50.69 (2026)
Quick Answer:Hourly pay for a financial advisor working in Woonsocket, RI runs $50.69 at the median for 2026 — annualizing to $105,439 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Woonsocket's regional price level (BEA RPP 100.5, 1% above national), each hour of work buys what $50.44 nationally would. A 24-hour part-time schedule grosses $63,260 per year.
Based on BLS state-level estimates · View source
In Woonsocket, Rhode Island, financial advisors receive a median hourly pay of $50.69, which falls slightly below the national hourly median of $52.18. This pay structure offers a promising option for those pursuing part-time positions, such as individuals working three days a week. Financial advisors can expect to earn between $29.40 at the lower end of the scale to $78.57 at the highest level, making it feasible for both entry-level advisors and seasoned professionals to find a foothold in various settings, including wirehouse branch offices, regional insurance agency offices, and virtual planning meetings. Estimations of hourly wages derive from annual salary data indicative of a path that continues to present both established wealth management firms and independent advisory opportunities in this evolving market.
About the Woonsocket Market
Salary estimated from Rhode Island average ($108,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $29.40 | $235.19 |
| Lower Range (P25) | $36.57 | $292.55 |
| Median (P50) | $50.69 | $405.51 |
| Upper Range (P75) | $64.88 | $519.06 |
| Top Earners (P90) | $78.57 | $628.56 |
Estimated Annual Income by Work Schedule in Woonsocket
Based on $50.69/hr median hourly rate · 2026 est.
At $50.69/hr, a financial advisor working full-time (40 hr/wk) in Woonsocket, RI can expect to earn approximately $105,434 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,827. With a cost-of-living index of 100.50 (above the national average), these earnings may be offset by higher expenses in Woonsocket.
Hourly Rate Calculator
Schedule Comparison in Woonsocket
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,027.57 | $8,786 | $105,434 |
| Part-Time (24 hrs) | $1,216.54 | $5,272 | $63,260 |
| Per Diem (16 hrs) | $811.03 | $3,514 | $42,174 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Woonsocket) | $50.69 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Woonsocket, RI earn a median of $105,439 per year (2026 est.), which is 2.85% lower than the national median of $108,537 and 3.30% below the Rhode Island state average of $109,038.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $50.69/hr = $63,260/year (purchasing power: $62,946).
Working 40h/week (full-time) = $105,434/year (purchasing power: $104,909).
CoL index: 100.5 (100 = national average).
2019 BLS Actual
$41.03/hr
2025 BLS Actual
$49.07/hr
2026 Current Est.
$50.69/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Woonsocket (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $41.03/hr | Actual |
| 2020 | $41.72/hr | Actual |
| 2021 | $43.98/hr | Actual |
| 2022 | $44.55/hr | Actual |
| 2023 | $46.51/hr | Actual |
| 2024 | $50.44/hr | Actual |
| 2025 | $49.07/hr | Actual |
| 2026(current) | $50.69/hr | Estimated |
| 2027 | $52.36/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Woonsocket grew 19.6% from $41.03/hr (2019) to $49.07/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $52.36/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Woonsocket metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Woonsocket
Considering the financial landscape, part-time advisors working 24 hours a week can earn a substantial income while maintaining flexibility. This setup allows them to take home approximately $63,000 annually, a figure markedly reduced when divided among larger producers who often charge $3,000 to $15,000 for project-based services or offer retainer agreements for retirement planning in small businesses. However, hourly rates can vary widely based on the employer type. Advisors affiliated with wirehouses may command different rates compared to independent broker-dealers or RIAs. Many may find themselves weighing the trade-off between higher hourly earnings with little to no benefits and the lower rates that come with comprehensive health coverage. For those negotiating their compensation in Woonsocket, targeting specific niches within the advisory space could also help unlock better opportunities, while a solid grasp of the differences in pay structures across firms will be essential for securing competitive compensation.
More salary data for Woonsocket, RI:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Woonsocket. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Woonsocket is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov