Financial Advisor Salary in Central Falls, RI: $100,644 (2026)
Quick Answer:A full-time financial advisor in Central Falls, RI earns a median $100,644/year (≈ $48.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Central Falls's price level (1% above national, BEA RPP 100.5), that paycheck buys what $100,143 would nationally. Nominal pay sits 7.7% below the Rhode Island state average.
Based on BLS state-level estimates · View source
Financial advisors in Central Falls, RI, are projected to earn a median annual salary of $100,644 in 2026, reflecting the unique dynamics of the local market where the structural divide between wirehouses and Registered Investment Advisors (RIAs) shapes compensation. The salary range for these professionals spans from $58,374 at the 10th percentile to $155,998 at the 90th percentile. These figures are based on estimates derived from 2025 BLS data, adjusted for regional cost variations, indicating the potential for substantial earnings depending on one's business model and clientele. As Central Falls continues to evolve economically, the growing importance of fiduciary practices may play a role in attracting more clients towards independently-based RIAs, thereby influencing future remuneration trends in the area.
About the Central Falls Market
Salary estimated from Rhode Island average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $58,374 | $28.07 |
| Lower Range (P25) | $72,464 | $34.84 |
| Median (P50)(typical) | $100,644 | $48.39 |
| Upper Range (P75) | $128,824 | $61.94 |
| Top Earners (P90) | $155,998 | $75.00 |
Median Salary Position
7.27% below the national average
2026 Salary Percentile Distribution in Central Falls
In Central Falls, RI, the financial advisor salary spread from the 10th to 90th percentile is $97,624 (2026 est.). At $100,644, the local median is 7.27% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Central Falls: You'd be in the lower-middle range
How Central Falls Financial Advisor Pay Compares
Central Falls median: $100,644/year (2026)
| Compared To | Median Salary | Central Falls Pays |
|---|---|---|
| Rhode Island Average | $109,040 | -7.70% less |
| National Average | $108,537 | -7.27% less |
Financial Advisors in Central Falls, RI earn a median of $100,644 per year (2026 est.), which is 7.27% lower than the national median of $108,537 and 7.70% below the Rhode Island state average of $109,040.
Cost-of-Living Adjusted Salary
Central Falls has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Central Falls, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $100,644 is competitive, the higher cost of living reduces purchasing power to an effective $100,143 — a 0.5% reduction.
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2019 BLS Actual
$81,461
2025 BLS Actual
$97,429
2026 Current Est.
$100,644
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Central Falls (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,461 | Actual |
| 2020 | $82,834 | Actual |
| 2021 | $87,322 | Actual |
| 2022 | $88,453 | Actual |
| 2023 | $92,338 | Actual |
| 2024 | $100,146 | Actual |
| 2025 | $97,429 | Actual |
| 2026(current) | $100,644 | Estimated |
| 2027 | $103,965 | Projected |
Based on 7 years of BLS OEWS data for the Central Falls metropolitan area, the median financial advisor salary grew 19.6% from $81,461 (2019) to $97,429 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $103,965 by 2027 — a total increase of $22,504 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Central Falls 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $58,374 – $72,464 |
| 3-5 years (Mid Career) | $72,464 – $100,644 |
| 5+ years (Experienced) | $100,644 – $128,824 |
| 10+ years (Top Earner) | $128,824 – $155,998 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Central Falls
In Central Falls, the job market for financial advisors is relatively modest, with only six professionals currently employed in the region. Given the cost of living index sitting slightly above the national average at 100.5, the purchasing power for take-home salary can feel constrained for residents. Among the various employers, wirehouses like Morgan Stanley and Merrill Lynch typically offer competitive salaries, often appealing to advisors who may be attracted by bonuses tied to commission models. However, RIAs and independent broker-dealers may provide higher compensation packages for those focusing on higher-net-worth clients or those with strong credentials, allowing for a more lucrative AUM-based fee model. The variance in pay is influenced by factors such as client book size, the presence of CFP or CFA certifications, and agreements related to partner equity or breakaway transition packages. For those looking to maximize financial advisor pay in Central Falls, developing a niche in high-net-worth solutions and building a robust client base should be prioritized, with a strong emphasis on continuous professional development.
More salary data for Central Falls, 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
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. The BLS reported a median annual salary of $97,429 for financial advisorsin the Central Falls metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Central Falls 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