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

A Commodity Broker's salary grows with experience: a Commodity Buyer I (0-2 years)earns $64,641, a Commodity Buyer II (2-4 years)earns $78,515, a Commodity Broker (4-7 years)earns $94,327, a Commodity Buyer IV (7+ years)earns $124,730, a Commodity Manager (7+ years)earns $132,212,

What are the highest paying states for a Commodity Broker?

Commodity Broker salary varies significantly by state. The top 3 highest paying states for Commodity Broker roles are District of Columbia $100,127, California $99,747, Massachusetts $98,418. These tech hubs typically pay 10-15% above the national average.

How much do different types of Commodity Broker roles make?

Salaries for Commodity Broker level roles vary by specialization: Commodity Director: $185,119; Associate Commodity Manager: $126,798; Commodity Manager: $124,990; Global Commodity Manager: $124,712; Broker: $88,367.

Commodity Broker Salary in Rhode Island

How much does a Commodity Broker make in Rhode Island?

As of May 18, 2021, the average salary for a Commodity Broker in Rhode Island is $94,412 per year, which breaks down to an hourly rate of $45.

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

Top Earners (90th percentile): $111,789
Majority Range (25th-75th percentile): $86,543 to $103,508
Entry-Level (10th percentile): $79,378

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Commodity Broker Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$103,508	$8,626	$1,991	$50
Average	$94,412	$7,868	$1,816	$45
25th Percentile	$86,543	$7,212	$1,664	$42

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Commodity Broker Salaries

A Commodity 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.

How Experience Level Affects Commodity Broker Salaries?

Experience is a primary driver of a Commodity Broker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

Entry-Level (less than 1 year): $64,641
Early Career (1-2 years): $78,515
Mid-Level (2-4 years): $94,327
Senior-Level (5-8 years): $124,730
Expert (over 8 years): $132,212

Levels	Salary
Commodity... Level Commodity Broker	$64,641
Commodity... Level Commodity Broker	$78,515
Commodity... Level Commodity Broker	$94,327
Commodity... Level Commodity Broker	$124,730
Commodity... Level Commodity Broker	$132,212

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What Am I Worth?

How Do Commodity 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 Commodity Brokers. For example, consider the average annual salaries in these key locations:

District of Columbia: $100,127.
California: $99,747.
Massachusetts: $98,418.

District of Columbia $100,127 California $99,747 Massachusetts $98,418 Washington $98,056 New Jersey $98,020 Alaska $97,894 Connecticut $96,646 New York $96,139

Hawaii $94,520 Rhode Island $93,761 Maryland $93,245 Minnesota $92,540 Colorado $92,269 Illinois $92,178 Oregon $91,835 Delaware $91,581

New Hampshire $91,422 Virginia $91,066 Pennsylvania $90,026 Nevada $89,501 North Dakota $89,330 Michigan $89,058 Wisconsin $88,959 Vermont $88,760

Texas $88,208 Maine $88,172 Arizona $88,118 Ohio $88,054 Georgia $87,222 Indiana $86,806 Wyoming $86,725 Utah $86,598

Iowa $86,544 Kansas $86,110 Louisiana $85,984 North Carolina $85,938 Missouri $85,920 Florida $85,568 Montana $85,378 Nebraska $85,197

Kentucky $85,097 South Carolina $84,736 Tennessee $84,509 Idaho $84,419 New Mexico $83,759 Oklahoma $83,614 Alabama $83,081 South Dakota $82,185

Arkansas $81,697 West Virginia $81,435 Mississippi $80,648

Top Paying Cities for Commodity 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: $95,298
Albion: $93,716
Ashaway: $95,660

Adamsville, RI $95,298 Albion, RI $93,716 Ashaway, RI $95,660 Barrington, RI $93,716 Block Island, RI $95,162 Bradford, RI $95,597 Bristol, RI $93,625 Carolina, RI $94,819

Charlestown, RI $94,918 Chepachet, RI $93,535 Clayville, RI $93,625 Coventry, RI $93,535 West Greenwich, RI $93,471 East Greenwich, RI $93,598 Exeter, RI $95,597 Fiskeville, RI $93,716

Forestdale, RI $93,625 Foster, RI $93,471 Glendale, RI $93,471 Greene, RI $94,520 Greenville, RI $93,716 Harmony, RI $93,688 Harrisville, RI $93,535 Hope, RI $93,716

Hope Valley, RI $95,660 Hopkinton, RI $95,687 Jamestown, RI $94,728 Kenyon, RI $95,569 Little Compton, RI $95,262 Manville, RI $93,716 Mapleville, RI $93,471 Newport, RI $94,746

Middletown, RI $95,144 North Kingstown, RI $93,444 North Scituate, RI $93,688 Oakland, RI $93,562 Pascoag, RI $93,508 Pawtucket, RI $93,716 Central Falls, RI $93,716 Cumberland, RI $93,716

Lincoln, RI $93,716 Portsmouth, RI $94,367 Prudence Island, RI $93,535 Rockville, RI $95,687 Saunderstown, RI $94,783 Shannock, RI $95,542 Slatersville, RI $93,625 Slocum, RI $94,783

Tiverton, RI $95,325 Wakefield, RI $94,683 Kingston, RI $94,701 Narragansett, RI $94,719 Peace Dale, RI $94,683 Warren, RI $93,688 Warwick, RI $93,716 Westerly, RI $95,714

West Kingston, RI $94,755 West Warwick, RI $93,716 Wood River Junction, RI $95,597 Woonsocket, RI $93,625 North Smithfield, RI $93,688 Wyoming, RI $95,569 Providence, RI $93,716 Cranston, RI $93,716

North Providence, RI $93,716 East Providence, RI $93,716 Riverside, RI $93,716 Rumford, RI $93,716 Smithfield, RI $93,716 Johnston, RI $93,716

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

Understanding how a Commodity 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 May 18, 2021

$86,543

Average $94,412/year

$103,508

$7,212

Average $7,868/month

$8,626

$1,664

Average $1,816/week

$1,991

$42

Average $45/hour

$50

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$103,508	$8,626	$1,991	$50
Average	$94,412	$7,868	$1,816	$45
25th Percentile	$86,543	$7,212	$1,664	$42

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