The average annual salaries for financial managers in the state of Rhode Island are shown in Table 1. The comparison of the salary statistics of financial managers among Rhode Island cities is shown in Table 2. The salary statistics are 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 | $90,160 |
| 25th Percentile Wage | $115,940 |
| 50th Percentile Wage | $145,430 |
| 75th Percentile Wage | $187,270 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for financial managers in Rhode Island in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $187,270. The median (50th percentile) annual salary is $145,430. The average annual salary for the bottom 10 percent is $90,160.
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 | $145,430 | 10.68% | 19.50% |
| 2018 | $129,900 | -2.20% | - |
| 2017 | $132,760 | 4.29% | - |
| 2016 | $127,060 | 0.36% | - |
| 2015 | $126,600 | 2.49% | - |
| 2014 | $123,450 | 1.84% | - |
| 2013 | $121,180 | 3.39% | - |
| 2012 | $117,070 | - | - |
Table 3 shows the median annual salary of financial managers in some Rhode Island cities and metropolitan areas. We note that the median annual salary of financial managers in state of Rhode Island ranges from $124,930 to $143,160. The highest paying area for financial managers in Rhode Island is Providence-Fall River-Warwick with a median annual salary of $143,160. The lowest paying area is Norwich-New London with a median annual salary of $124,930.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |