Financial Advisor Salary in Woonsocket, RI: $105,439 (2026)
Quick Answer:A full-time financial advisor in Woonsocket, RI earns a median $105,439/year (≈ $50.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Woonsocket's price level (1% above national, BEA RPP 100.5), that paycheck buys what $104,914 would nationally. Nominal pay sits 3.3% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Woonsocket, Rhode Island, is projected to reach a median of $105,439. This figure places it slightly below the national median of $108,537, and reflects a competitive salary range from $61,155 at the lower end to $163,431 at the higher end. These numbers are informed by local estimates derived from 2025 BLS data and adjusted for regional cost factors in Woonsocket, where the cost of living index stands at 100.5, just above the national average. This positionality within the market indicates a growing opportunity for financial advisors, particularly for those considering a shift towards independent practices where potential for higher long-term compensation can be realized through breakaway transitions from traditional wirehouse firms.
About the Woonsocket Market
Salary estimated from Rhode Island average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $61,155 | $29.40 |
| Lower Range (P25) | $76,066 | $36.57 |
| Median (P50)(typical) | $105,439 | $50.69 |
| Upper Range (P75) | $134,962 | $64.88 |
| Top Earners (P90) | $163,431 | $78.57 |
Median Salary Position
2.85% below the national average
2026 Salary Percentile Distribution in Woonsocket
In Woonsocket, RI, the financial advisor salary spread from the 10th to 90th percentile is $102,276 (2026 est.). At $105,439, the local median is 2.85% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Woonsocket: You'd be in the lower-middle range
How Woonsocket Financial Advisor Pay Compares
Woonsocket median: $105,439/year (2026)
| Compared To | Median Salary | Woonsocket Pays |
|---|---|---|
| Rhode Island Average | $109,038 | -3.30% less |
| National Average | $108,537 | -2.85% less |
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.
Cost-of-Living Adjusted Salary
Woonsocket has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Woonsocket, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $105,439 is competitive, the higher cost of living reduces purchasing power to an effective $104,914 — a 0.5% reduction.
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2019 BLS Actual
$85,343
2025 BLS Actual
$102,071
2026 Current Est.
$105,439
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Woonsocket (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $85,343 | Actual |
| 2020 | $86,780 | Actual |
| 2021 | $91,482 | Actual |
| 2022 | $92,667 | Actual |
| 2023 | $96,738 | Actual |
| 2024 | $104,917 | Actual |
| 2025 | $102,071 | Actual |
| 2026(current) | $105,439 | Estimated |
| 2027 | $108,919 | Projected |
Based on 7 years of BLS OEWS data for the Woonsocket metropolitan area, the median financial advisor salary grew 19.6% from $85,343 (2019) to $102,071 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $108,919 by 2027 — a total increase of $23,576 (27.62%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $61,155 – $76,066 |
| 3-5 years (Mid Career) | $76,066 – $105,439 |
| 5+ years (Experienced) | $105,439 – $134,962 |
| 10+ years (Top Earner) | $134,962 – $163,431 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Woonsocket
The job market strength for financial advisors in Woonsocket is demonstrated by the presence of only nine professionals currently employed in this sector. Despite this relatively small number, the competitiveness of the local market translates into diverse payment opportunities across different types of firms, including independent broker-dealers and Registered Investment Advisors (RIAs). The variation in financial advisor pay in Woonsocket, RI, can largely be attributed to factors such as assets under management (AUM), client concentration, and whether advisors operate under a commission-based model or a fee-only structure. To maximize earning potential in Woonsocket's unique landscape, advisors should focus on nurturing high-net-worth client relationships and considering certifications like CFP and CFA, which can elevate their marketability and justify higher fees. The shift towards the fiduciary model in RIAs represents an opportunity for savvy professionals to leverage their skills and create sustainable income streams within the evolving marketplace.
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
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 $102,071 for financial advisorsin the Woonsocket 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 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