What are the main factors that influence a Broker's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Broker's salary?

A Broker's salary grows with experience: an Insurance Broker Trainee (0-2 years)earns $63,405, an Broker (2-4 years)earns $87,100, an Insurance Senior Broker (4-7 years)earns $153,965, an Insurance Managing Broker (7+ years)earns $208,425, an Insurance Broker Executive (7+ years)earns $250,859,

What are the highest paying states for a Broker?

Broker salary varies significantly by state. The top 3 highest paying states for Broker roles are District of Columbia $93,967, California $93,611, Massachusetts $92,363. These tech hubs typically pay 10-15% above the national average.

How much do different types of Broker roles make?

Salaries for Broker level roles vary by specialization: Principal Broker: $201,839; Floor Broker: $180,966; Stock Broker: $164,679; Commodity Broker: $92,315; Insurance Broker: $86,562.

Broker Salary in Rhode Island

How much does a Broker make in Rhode Island?

As of April 01, 2026, the average salary for a Broker in Rhode Island is $87,993 per year, which breaks down to an hourly rate of $42.

However, a Broker's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $111,186
Majority Range (25th-75th percentile): $78,326 to $100,133
Entry-Level (10th percentile): $69,526

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Broker Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$100,133	$8,344	$1,926	$48
Average	$87,993	$7,333	$1,692	$42
25th Percentile	$78,326	$6,527	$1,506	$38

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Broker Salaries

A Broker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

Levels	Salary
Insurance... Level Broker	$63,405
Broker Level Broker	$87,100
Insurance... Level Broker	$153,965
Insurance... Level Broker	$208,425
Insurance... Level Broker	$250,859

How Do Broker Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Brokers. For example, consider the average annual salaries in these key locations:

District of Columbia: $93,967.
California: $93,611.
Massachusetts: $92,363.

District of Columbia $93,967 California $93,611 Massachusetts $92,363 Washington $92,024 New Jersey $91,990 Alaska $91,871 Connecticut $90,700 New York $90,225

Hawaii $88,705 Rhode Island $87,993 Maryland $87,509 Minnesota $86,847 Colorado $86,592 Illinois $86,507 Oregon $86,185 Delaware $85,947

New Hampshire $85,798 Virginia $85,463 Pennsylvania $84,487 Nevada $83,995 North Dakota $83,834 Michigan $83,579 Wisconsin $83,486 Vermont $83,299

Texas $82,782 Maine $82,748 Arizona $82,697 Ohio $82,637 Georgia $81,857 Indiana $81,466 Wyoming $81,390 Utah $81,271

Iowa $81,220 Kansas $80,813 Louisiana $80,694 North Carolina $80,651 Missouri $80,634 Florida $80,303 Montana $80,125 Nebraska $79,955

Kentucky $79,862 South Carolina $79,523 Tennessee $79,310 Idaho $79,226 New Mexico $78,606 Oklahoma $78,470 Alabama $77,970 South Dakota $77,129

Arkansas $76,671 West Virginia $76,425 Mississippi $75,687

Top Paying Cities for Brokers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Adamsville: $89,435
Albion: $87,950
Ashaway: $89,775

Adamsville, RI $89,435 Albion, RI $87,950 Ashaway, RI $89,775 Barrington, RI $87,950 Block Island, RI $89,308 Bradford, RI $89,715 Bristol, RI $87,865 Carolina, RI $88,986

Charlestown, RI $89,079 Chepachet, RI $87,780 Clayville, RI $87,865 Coventry, RI $87,780 West Greenwich, RI $87,721 East Greenwich, RI $87,840 Exeter, RI $89,715 Fiskeville, RI $87,950

Forestdale, RI $87,865 Foster, RI $87,721 Glendale, RI $87,721 Greene, RI $88,705 Greenville, RI $87,950 Harmony, RI $87,925 Harrisville, RI $87,780 Hope, RI $87,950

Hope Valley, RI $89,775 Hopkinton, RI $89,800 Jamestown, RI $88,901 Kenyon, RI $89,690 Little Compton, RI $89,401 Manville, RI $87,950 Mapleville, RI $87,721 Newport, RI $88,918

Middletown, RI $89,291 North Kingstown, RI $87,696 North Scituate, RI $87,925 Oakland, RI $87,806 Pascoag, RI $87,755 Pawtucket, RI $87,950 Central Falls, RI $87,950 Cumberland, RI $87,950

Lincoln, RI $87,950 Portsmouth, RI $88,561 Prudence Island, RI $87,780 Rockville, RI $89,800 Saunderstown, RI $88,952 Shannock, RI $89,665 Slatersville, RI $87,865 Slocum, RI $88,952

Tiverton, RI $89,461 Wakefield, RI $88,858 Kingston, RI $88,875 Narragansett, RI $88,892 Peace Dale, RI $88,858 Warren, RI $87,925 Warwick, RI $87,950 Westerly, RI $89,826

West Kingston, RI $88,926 West Warwick, RI $87,950 Wood River Junction, RI $89,715 Woonsocket, RI $87,865 North Smithfield, RI $87,925 Wyoming, RI $89,690 Providence, RI $87,950 Cranston, RI $87,950

North Providence, RI $87,950 East Providence, RI $87,950 Riverside, RI $87,950 Rumford, RI $87,950 Smithfield, RI $87,950 Johnston, RI $87,950

Broker Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Broker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on April 01, 2026

$78,326

Average $87,993/year

$100,133

$6,527

Average $7,333/month

$8,344

$1,506

Average $1,692/week

$1,926

$38

Average $42/hour

$48

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$100,133	$8,344	$1,926	$48
Average	$87,993	$7,333	$1,692	$42
25th Percentile	$78,326	$6,527	$1,506	$38

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Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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