Financial Advisor Salary in Providence, RI: $86,483 (2026)
Quick Answer:A full-time financial advisor in Providence, RI earns a median $86,483/year (≈ $41.58/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Providence's price level (2% above national, BEA RPP 101.8), that paycheck buys what $84,976 would nationally. Nominal pay sits 20.7% below the Rhode Island state average.
Official BLS data · View source
Financial advisors in Providence, Rhode Island, can anticipate a median annual salary of $86,483 in 2026, reflecting a competitive position in the job market compared to the national median of $108,537. The salary range stretches from $51,619 at the lower end (P10) to a notable $180,847 for top earners (P90). This data is based on 2025 BLS OEWS surveys, illustrating the steady demand for qualified professionals in the financial advisory field. With the growth of fee-only fiduciary models fueling the rise of Registered Investment Advisors (RIAs), the financial landscape in Providence is demonstrating a notable shift towards meeting clients' needs for unbiased advice, making this an exciting time for both new and seasoned advisors in the area.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $51,619 | $24.82 |
| Lower Range (P25) | $66,567 | $32.00 |
| Median (P50)(typical) | $86,483 | $41.58 |
| Upper Range (P75) | $150,054 | $72.14 |
| Top Earners (P90) | $180,847 | $86.95 |
Median Salary Position
20.32% below the national average
2026 Salary Percentile Distribution in Providence
In Providence, RI, the financial advisor salary spread from the 10th to 90th percentile is $129,228 (2026 est.). At $86,483, the local median is 20.32% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Providence: You'd be in the lower-middle range
How Providence Financial Advisor Pay Compares
Providence median: $86,483/year (2026)
| Compared To | Median Salary | Providence Pays |
|---|---|---|
| Rhode Island Average | $109,058 | -20.70% less |
| National Average | $108,537 | -20.32% less |
Financial Advisors in Providence, RI earn a median of $86,483 per year (2026 est.), which is 20.32% lower than the national median of $108,537 and 20.70% below the Rhode Island state average of $109,058.
Cost-of-Living Adjusted Salary
Providence has a cost of living 1.77% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Providence, RI has a cost-of-living index of 101.773 (above the national average of 100). While the nominal salary of $86,483 is competitive, the higher cost of living reduces purchasing power to an effective $84,976 — a 1.74% reduction.
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2019 BLS Actual
$88,650
2025 BLS Actual
$83,720
2026 Current Est.
$86,483
2019–2027 Growth
+0.8%
Salary Trajectory for Financial Advisors in Providence (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 | $100,420 | Actual |
| 2025 | $83,720 | Actual |
| 2026(current) | $86,483 | Estimated |
| 2027 | $89,337 | Projected |
Based on 7 years of BLS OEWS data for the Providence metropolitan area, the median financial advisor salary grew -5.6% from $88,650 (2019) to $83,720 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $89,337 by 2027 — a total increase of $687 (0.77%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Providence 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) | $51,619 – $66,567 |
| 3-5 years (Mid Career) | $66,567 – $86,483 |
| 5+ years (Experienced) | $86,483 – $150,054 |
| 10+ years (Top Earner) | $150,054 – $180,847 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Providence
Currently, there are approximately 1,200 financial advisors employed in Providence, highlighting the robust local market. Despite a cost-of-living index of 101.773, which suggests slightly higher living expenses than the national average, advisors can still find ample opportunity for compensation growth. Notably, wirehouses such as Morgan Stanley and Merrill Lynch tend to offer some of the highest salaries within the market, but independent broker-dealers and RIAs are gaining traction due to their ability to align advisory fees with client interests. Key factors driving salary disparities include assets under management, fee models, credentials like CFP or CFA, and the concentration of high-net-worth clients. Advisors looking to maximize their pay in Providence should consider building a solid client base and seeking out partnerships that offer equity or enticing transition packages, effectively capitalizing on the evolving market dynamics.
More salary data for Providence, 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 $83,720 for financial advisorsin the Providence 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
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