Salary data is based on the Providence-Warwick, RI-MA metropolitan area and applied to Providence using local cost-of-living adjustments.

Coin Salaries in Providence, RI

Average Base Pay

$49,534/yr

4% above national average

Monthly

$4,128

Hourly

$24

Cost Index

110

Coin in Providence, RI earn an average of $49,534 per year, with most salaries falling between $39,627 and $59,441 depending on experience, employer, and specialization. At 4% above the national average, Providence ranks among the higher-paying markets for this role, in part reflecting a local cost of living index of 110. For professionals evaluating a move or negotiating an offer, the headline salary is only part of the picture—what matters most is how far that income actually goes once taxes, rent, and daily expenses are factored in. The sections below break that down in full for Providence.

Salary Range

The chart below shows the full compensation spectrum for this role, from entry-level to senior positions. The highlighted center bars represent the 25th–75th percentile band where most professionals are paid.

$37K
Low

$50K
Median

$62K
High

25th percentile: $42K75th percentile: $57K

About Coin

Accountants record, analyze, and report financial transactions to ensure that organizations maintain accurate records and comply with tax laws and financial regulations. They prepare financial statements—income statements, balance sheets, and cash flow statements—that stakeholders use to assess business performance. Accountants work in public accounting firms, corporate finance departments, government agencies, and nonprofits. In public accounting, they audit financial statements for accuracy, prepare tax returns, and advise clients on tax strategy. In corporate roles, they manage the general ledger, process accounts payable and receivable, reconcile bank statements, and close the books monthly and annually. Management accountants provide financial analysis to internal decision-makers—tracking costs, analyzing profitability by product or customer, and preparing budget variance reports. Tax accountants specialize in federal, state, and local tax compliance and planning. The Certified Public Accountant (CPA) designation, earned by passing the Uniform CPA Examination after meeting education requirements, is the gold standard credential and is required for signing audit reports and filing certain tax documents. Accounting requires extreme precision, as errors can have legal and financial consequences.

What Coins Do

Maintain the general ledger and record financial transactions accurately
Prepare monthly, quarterly, and annual financial statements
Reconcile bank accounts and investigate discrepancies
Process accounts payable, accounts receivable, and payroll
Prepare and file federal, state, and local tax returns
Assist with internal and external audits
Analyze financial data to identify trends, variances, and opportunities
Ensure compliance with GAAP, IFRS, and regulatory requirements

Key Skills & Qualifications

Proficiency in accounting software such as QuickBooks, SAP, or Oracle Financials
Advanced Microsoft Excel skills including pivot tables and financial modeling
Knowledge of GAAP and financial reporting standards
Tax law knowledge for federal and state compliance
Attention to detail and accuracy
Bank reconciliation and month-end close processes
CPA designation (required or preferred for senior roles)
Analytical thinking and financial statement interpretation

Career Path

Accounting Clerk / Bookkeeper
Staff Accountant
Senior Accountant
Accounting Manager / Controller
CFO / Director of Finance

Coin Market in Providence, RI

Salary Competitiveness

Providence salaries for Coins track closely with the national median, diverging by less than 4%. This alignment suggests a competitive but balanced local market—employers are broadly in step with national pay scales, which can make benchmark comparisons more reliable when negotiating.

Cost of Living Impact

Providence sits close to the national cost average. Monthly essential expenses represent about 98% of take-home pay for this role—a midrange ratio that allows for modest savings and discretionary spending, provided housing costs remain stable.

Effective Purchasing Power

Despite a competitive gross salary, a Coin earning $49,534 in Providence operates in a tight purchasing-power band once taxes and local cost of living are applied. Careful planning around housing, transportation, and discretionary spending is essential to avoid running negative disposable income month to month.

vs. National Avg

+4%

Cost Pressure

98%

Purchasing Power

Tight

Take-Home Pay Calculator

Enter any gross salary to see how federal and state taxes affect your actual take-home pay, broken down by year, month, and week. Results use an estimated effective tax rate of 27% based on this location and income level.

Annual Salary

Take-home (73%)Taxes (27%)

Annual Net

$36,160

Monthly

$3,013

Weekly

$695

Eff. Tax Rate

27%

A gross salary of $49,534 for a Coin in Providence translates to roughly $3,013 in monthly take-home pay after estimated federal and state taxes. Set against monthly living costs of $2,950—covering housing, food, transportation, utilities, and healthcare—that leaves approximately $63 per month in disposable income. That margin, not the gross number, is what determines whether you can comfortably cover rent, build savings, and afford discretionary spending in Providence's current market.

How far does this salary go in Providence?

Cost of Living in Providence

Estimated monthly expenses for a single person in Providence, benchmarked against US regional price indices for housing, food, transportation, utilities, and healthcare.

Cost Index

110

Above Avg — US average is 100. Based on a single person (1-bed apartment).

🏠Housing / Rent$1,720/mo

🍔Food & Groceries$535/mo

🚗Transportation$150/mo

💡Utilities$220/mo

🏥Healthcare$325/mo

Monthly$2,950

Annual$35,400

Disposable Income$63

Financial Reality Check

This section compares estimated monthly take-home pay against typical living costs in Providence to show your real disposable income—the amount remaining after essential bills are paid each month.

Monthly Take-Home

$3,013

Living Costs

$2,950

Disposable

$63

Cost Index

110

Lifestyle

Tight

With a monthly take-home of $3,013, your estimated living costs in Providence are $2,950 ($35,400/yr). This leaves $63 per month in disposable income, indicating a tight standard of living. Providence's cost of living is 10% above the national average.

Overall, a Coin earning $49,534 in Providence falls into a tight lifestyle tier and will need to budget carefully—essential costs consume a significant share of take-home pay, leaving limited room for savings or emergencies. With a cost index of 110, Providence is 10% more expensive than the national average, which compresses real purchasing power. Regardless of tier, prioritizing retirement contributions, an emergency fund of three to six months' expenses, and incremental debt reduction will yield the greatest long-term financial stability—especially as living costs in Providence continue to evolve.