The annual salary statistics of personal financial advisors in Norwich-New London, Rhode Island is shown in Table 1. The wage data of personal financial advisors in Norwich-New London is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $57,970 |
| 25th Percentile Wage | $67,640 |
| 50th Percentile Wage | $87,150 |
| 75th Percentile Wage | $147,820 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in Norwich-New London, Rhode Island in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $147,820. The median (50th percentile) annual salary is $87,150. The average annual salary for the bottom 10 percent earners is $57,970.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $87,150 | 8.61% | -4.27% |
| 2021 | $79,650 | -44.16% | - |
| 2020 | $114,820 | 20.48% | - |
| 2017 | $91,300 | 4.40% | - |
| 2016 | $87,280 | 6.75% | - |
| 2015 | $81,390 | 2.83% | - |
| 2014 | $79,090 | -8.50% | - |
| 2013 | $85,810 | -5.90% | - |
| 2012 | $90,870 | - | - |
From Table 3 we note that with a median annual salary of $87,150, Norwich-New London is the second highest paying city for personal financial advisors in state of Rhode Island, following the highest paying city Providence-Fall River-Warwick (median annual salary of $101,730). Compared with Providence-Fall River-Warwick, the median annual salary of personal financial advisors in Norwich-New London is 14.3 percent (14.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |