What does a Financial Risk Specialists salary really buy you in Massachusetts?
Massachusetts is 9.4% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Massachusetts's Regional Price Parity (RPP) is 109.4, meaning prices are 9.4% higher the national average. A Financial Risk Specialists earning $118,960 in Massachusetts has the equivalent purchasing power of $108,738 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Massachusetts's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $69,500 | $63,528 | $-5,971 |
| 25th Percentile (P25) | $85,580 | $78,226 | $-7,353 |
| Median (P50) | $118,960 | $108,738 | $-10,221 |
| 75th Percentile (P75) | $162,100 | $148,171 | $-13,928 |
| 90th Percentile (P90) | $181,810 | $166,188 | $-15,621 |
While $118,960 sounds high, Massachusetts's elevated cost of living erases 9% of that salary's purchasing power. Your real buying power is $108,738. Consider whether the higher pay offsets the higher costs.
Where does Financial Risk Specialists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Massachusetts ranks #12 out of 48 states for Financial Risk Specialists after cost-of-living adjustment.
Some links are affiliate links. See our disclosure.
A Financial Risk Specialists in Massachusetts earns a median salary of $118,960 per year. After adjusting for Massachusetts's cost of living (RPP=109.4), the real purchasing power is $108,738 — a -8.6% difference.
Massachusetts's cost of living is 9.4% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Massachusetts is 109.4 (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 Risk Specialists in Massachusetts: $118,960 x (100 / 109.4) = $108,738. This represents what the salary would be worth in a state with average living costs.
Partially — a Financial Risk Specialists's nominal salary of $118,960 in Massachusetts has 8.6% less purchasing power due to higher living costs. The real value is $108,738. However, Massachusetts may offer better career opportunities, networking, and industry access.