Financial Advisor Salary in Rhode Island: $88,142 (2026)
Quick Answer:Across Rhode Island's 17 metropolitan areas, the average median financial advisor pay sits at $88,142/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Rhode Island sits at BEA RPP 100.5 (1% above the U.S. baseline), that statewide median translates to roughly $87,703 in nationally-comparable purchasing power. Highest-paying metros: Pawtucket ($105,480), East Providence ($104,668), West Warwick ($104,390).
In Rhode Island, the average median salary for financial advisors in 2026 is projected to be $88,142, which is significantly lower than the national median of $108,537, resulting in an 18.8% gap. The highest paying city in the state is Pawtucket, with a projected salary of $108,961, while Providence ranks as the lowest with $86,483. This nearly $22,478 difference can be attributed to variations in the cost of living, client demographics, and local market demand for financial services. Rhode Island has specific licensing requirements and practice laws that impact financial advisors. As the state population ages, there will likely be increased demand for financial planning services, particularly in retirement planning. The current job market for financial advisors shows a steady growth rate of 3.30% annually, indicating a healthy outlook for professionals entering this field. With a total of 1,329 financial advisors employed across 17 metro areas, opportunities exist in various cities, including East Providence ($108,122), West Warwick ($107,835), and Coventry ($107,327). As the local economy develops and more individuals seek financial guidance, the demand for skilled financial advisors is expected to strengthen in Rhode Island.
Rhode Island Financial Advisor Salary Range
Overall salary range in Rhode Island: $51,177 (lowest entry-level) to $180,847 (highest top earner)
Rhode Island vs National Average
Rhode Island financial advisors earn 18.79% less than the national median ($-20,395/year difference).
Rhode Island Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Rhode Island range from $52,440 (entry-level, 10th percentile) to $178,877 (top earners, 90th percentile), with a median of $88,142. The Rhode Island median is $20,395 below the US national median of $108,537. The average hourly rate is $42.38/hr. Approximately 1,329 financial advisors are employed across 17 cities.
2019 BLS Actual
$88,650
2025 BLS Actual
$85,326
2026 Current Est.
$88,142
2019–2027 Growth
+2.7%
Salary Trajectory for Financial Advisors in Rhode Island (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $88,650 | Actual |
| 2020 | $94,190 | Actual |
| 2021 | $99,390 | Actual |
| 2022 | $101,730 | Actual |
| 2023 | $100,960 | Actual |
| 2024 | $100,887 | Actual |
| 2025 | $85,326 | Actual |
| 2026(current) | $88,142 | Estimated |
| 2027 | $91,051 | Projected |
Based on 7 years of BLS OEWS data for the Rhode Island metropolitan area, the median financial advisor salary grew -3.7% from $88,650 (2019) to $85,326 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $91,051 by 2027 — a total increase of $2,401 (2.71%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rhode Island 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.
Top 5 Highest Paying Cities in Rhode Island
Lowest Paying Cities in Rhode Island
| City | Median Salary |
|---|---|
| Providence | $86,483 |
| Warwick | $88,237 |
| Central Falls | $100,644 |
| Westerly | $101,866 |
| Bristol | $103,261 |
Best Value Cities for Financial Advisors in Rhode Island
When adjusted for local cost of living, these Rhode Island cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Pawtucket | $108,961 | 100.5 | $108,419 |
| East Providence | $108,122 | 100.5 | $107,584 |
| West Warwick | $107,835 | 100.5 | $107,299 |
| Coventry | $107,327 | 100.5 | $106,793 |
| Cranston | $106,698 | 100.5 | $106,167 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Rhode Island
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $52,440 |
| Mid Career (3-7 years) | $88,142 |
| Experienced (7+ years) | $178,877 |
Estimates based on BLS percentile data averaged across Rhode Island metro areas. Individual pay varies by employer, certifications, and specialization.
All 17 Cities in Rhode Island
| # | City | Median Salary |
|---|---|---|
| 1 | Pawtucket | $108,961 |
| 2 | East Providence | $108,122 |
| 3 | West Warwick | $107,835 |
| 4 | Coventry | $107,327 |
| 5 | Cranston | $106,698 |
| 6 | Johnston | $105,482 |
| 7 | Woonsocket | $105,439 |
| 8 | Newport | $104,863 |
| 9 | North Providence | $104,652 |
| 10 | North Kingstown | $104,618 |
| 11 | Cumberland | $103,813 |
| 12 | South Kingstown | $103,543 |
| 13 | Bristol | $103,261 |
| 14 | Westerly | $101,866 |
| 15 | Central Falls | $100,644 |
| 16 | Warwick | $88,237 |
| 17 | Providence | $86,483 |
More Rhode Island Salary Data
Hourly Rates
Explore financial advisor hourly pay in Rhode Island cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Rhode Island in 2026?
What is the highest paying city for financial advisors in Rhode Island?
How does Rhode Island financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Rhode Island?
How many financial advisors are employed in Rhode Island?
Which Rhode Island city offers the best value for financial advisors?
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
Statewide salary 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 each metro area's reported salary to estimate current 2026 financial advisor compensation across Rhode Island. State averages are employment-weighted across 17 metro areas — larger metro areas with more financial advisorscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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