Financial Advisor Salary in Cumberland, RI: $103,813 (2026)
Quick Answer:A full-time financial advisor in Cumberland, RI earns a median $103,813/year (≈ $49.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Cumberland's price level (1% above national, BEA RPP 100.5), that paycheck buys what $103,297 would nationally. Nominal pay sits 4.8% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Cumberland, Rhode Island, can expect a median annual salary of $103,813, which reflects a competitive local market but falls slightly below the national median of $108,537. The projected salary range for this role spans from $60,212 at the 10th percentile to $160,910 at the 90th percentile, indicating significant variability tied to experience, client base, and practice model. These figures are derived from 2025 BLS data, projected to 2026, and incorporate regional cost adjustments that are essential to understanding compensation in this area. With the fiduciary fee-only growth trend gaining momentum, advisors holding the CFP credential may see increased earning potential as the market shifts further toward transparency and client-centric models.
About the Cumberland Market
Salary estimated from Rhode Island average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $60,212 | $28.94 |
| Lower Range (P25) | $74,746 | $35.94 |
| Median (P50)(typical) | $103,813 | $49.91 |
| Upper Range (P75) | $132,881 | $63.88 |
| Top Earners (P90) | $160,910 | $77.36 |
Median Salary Position
4.35% below the national average
2026 Salary Percentile Distribution in Cumberland
In Cumberland, RI, the financial advisor salary spread from the 10th to 90th percentile is $100,698 (2026 est.). At $103,813, the local median is 4.35% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Cumberland: You'd be in the lower-middle range
How Cumberland Financial Advisor Pay Compares
Cumberland median: $103,813/year (2026)
| Compared To | Median Salary | Cumberland Pays |
|---|---|---|
| Rhode Island Average | $109,048 | -4.80% less |
| National Average | $108,537 | -4.35% less |
Financial Advisors in Cumberland, RI earn a median of $103,813 per year (2026 est.), which is 4.35% lower than the national median of $108,537 and 4.80% below the Rhode Island state average of $109,048.
Cost-of-Living Adjusted Salary
Cumberland has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cumberland, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $103,813 is competitive, the higher cost of living reduces purchasing power to an effective $103,297 — a 0.5% reduction.
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2019 BLS Actual
$84,026
2025 BLS Actual
$100,497
2026 Current Est.
$103,813
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Cumberland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $84,026 | Actual |
| 2020 | $85,442 | Actual |
| 2021 | $90,071 | Actual |
| 2022 | $91,238 | Actual |
| 2023 | $95,246 | Actual |
| 2024 | $103,300 | Actual |
| 2025 | $100,497 | Actual |
| 2026(current) | $103,813 | Estimated |
| 2027 | $107,239 | Projected |
Based on 7 years of BLS OEWS data for the Cumberland metropolitan area, the median financial advisor salary grew 19.6% from $84,026 (2019) to $100,497 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $107,239 by 2027 — a total increase of $23,213 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cumberland 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) | $60,212 – $74,746 |
| 3-5 years (Mid Career) | $74,746 – $103,813 |
| 5+ years (Experienced) | $103,813 – $132,881 |
| 10+ years (Top Earner) | $132,881 – $160,910 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Cumberland
Cumberland's job market for financial advisors is relatively small, with only eight professionals employed in the area, but this limited number creates opportunity for those positioned to meet local demand. The cost of living index stands at 100.5, suggesting that financial advisor pay in Cumberland, RI, allows for reasonable take-home purchasing power. Among local employers, wirehouses like Morgan Stanley and Merrill Lynch typically offer higher compensations compared to independent broker-dealers. The salary difference is often driven by factors such as assets under management (AUM), fee structures, and the concentration of high-net-worth (HNW) clients. Advisors seeking to maximize their earning potential in Cumberland should consider honing their skills in building a substantial AUM base, pursuing certifications like the CFP, and positioning themselves within the growing RIA sector, which often attracts clients who prefer a fiduciary model.
More salary data for Cumberland, 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 $100,497 for financial advisorsin the Cumberland 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 Cumberland 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