The annual salary statistics of financial managers in Norwich-New London, Rhode Island is shown in Table 1. The wage information of financial managers in Norwich-New London is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $85,210 |
| 25th Percentile Wage | $98,660 |
| 50th Percentile Wage | $124,930 |
| 75th Percentile Wage | $167,720 |
| 90th Percentile Wage | $202,220 |
Table 1 shows the average annual salary for financial managers in Norwich-New London, Rhode Island in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $202,220. The median (50th percentile) annual salary is $124,930. The average annual salary for the bottom 10 percent earners is $85,210.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $124,930 | 4.37% | 27.62% |
| 2018 | $119,470 | 1.91% | - |
| 2017 | $117,190 | 2.91% | - |
| 2016 | $113,780 | -4.16% | - |
| 2015 | $118,510 | 9.30% | - |
| 2014 | $107,490 | 8.73% | - |
| 2013 | $98,110 | 7.84% | - |
| 2012 | $90,420 | - | - |
From Table 3 we note that with a median annual salary of $124,930, Norwich-New London is the second highest paying city for financial managers in state of Rhode Island, following the highest paying city Providence-Fall River-Warwick (median annual salary of $143,160). Compared with Providence-Fall River-Warwick, the median annual salary of financial managers in Norwich-New London is 12.7 percent (12.7%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |