Financial Risk Specialists Salary
Financial Risk Specialists in Rhode Island make a median of $104,470 a year, or about $50.23 an hour. The range runs from $59K at the entry level to $187K for experienced workers. Adjusted for local prices (RPP 101.77), that's roughly $102,653 in purchasing power. Rent on a 2-bedroom averages $1,544/month, or 24% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Rhode Island. Jump to a metro for precise data:
So what does $104K get you in Rhode Island?
About financial risk specialists
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What this looks like in Rhode Island
Pay for financial risk specialists in Rhode Island runs about 11% below the U.S. median of $117K. Housing is manageable: a 2-bedroom at the HUD median costs $1,544/month, 23.7% of take-home, well inside the 30% guideline. Cost of living (RPP 101.77) is near the national average, so spending patterns here track the typical American budget fairly closely. Lower pay, lower costs, Rhode Island can be a reasonable trade-off for financial risk specialistss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, Rhode Island
Entry-level financial risk specialists (10th percentile) start around $59K. Mid-career wages sit at $104K. Top earners bring in $187K or more, a $127K spread from bottom to top.
Financial Risk Specialists salary by metro in Rhode Island
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Providence-Warwick | $103K | -1% | 490 |
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in Rhode Island?
Yes — at the median salary of $104K, rent takes 23.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,544/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in Rhode Island?
The 10th-percentile wage — what new financial risk specialists typically earn — is $59K/year. Take-home on that works out to about $3,557/month. At HUD’s $1,544/month FMR, rent would take 43% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial risk specialist a high-paying job in Rhode Island?
Local pay runs 11% below the national median — $104K here vs. $117K nationally.
How does Rhode Island compare to the national average for financial risk specialists?
Rhode Island pays $104K median vs. the U.S. average of $117K — that’s -11%. After adjusting for local cost of living (RPP 101.77), the purchasing-power equivalent is $103K — below the national median.
How much do financial risk specialists make in Rhode Island?
The median is $104,470 a year, that works out to about $50 an hour. But the range is wide: entry-level workers start around $59,290, and experienced financial risk specialists can clear $186,580. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $104K enough to live in Rhode Island?
On that salary, you'd take home roughly $6,511/month after taxes. A 2-bedroom here rents for about $1,544/month, which eats 23.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in Rhode Island?
Rhode Island has a Regional Price Parity of 101.77 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median financial risk specialists salary is worth about $102,653 in national-average purchasing power.
Where do financial risk specialists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.