What does a Financial Manager salary really buy you in Rhode Island?
Rhode Island is 4.7% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Rhode Island's Regional Price Parity (RPP) is 104.7, meaning prices are 4.7% higher the national average. A Financial Manager earning $160,490 in Rhode Island has the equivalent purchasing power of $153,285 in an average-cost US state.
While $160,490 sounds high, Rhode Island's elevated cost of living erases 4% of that salary's purchasing power. Your real buying power is $153,285. Consider whether the higher pay offsets the higher costs.
Where does Financial Manager salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Rhode Island ranks #18 out of 50 states for Financial Manager after cost-of-living adjustment.
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A Financial Manager in Rhode Island earns a median salary of $160,490 per year. After adjusting for Rhode Island's cost of living (RPP=104.7), the real purchasing power is $153,285 — a -4.5% difference.
Rhode Island's cost of living is 4.7% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Rhode Island is 104.7 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Financial Manager in Rhode Island: $160,490 x (100 / 104.7) = $153,285. This represents what the salary would be worth in a state with average living costs.
Partially — a Financial Manager's nominal salary of $160,490 in Rhode Island has 4.5% less purchasing power due to higher living costs. The real value is $153,285. However, Rhode Island may offer better career opportunities, networking, and industry access.