Lackawanna vs Rochester: Financial Advisor Salary (2026)
Compare financial advisor salaries between Lackawanna, NY and Rochester, NY. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Lackawanna, NY | Rochester, NY |
|---|---|---|
| Median Salary | $119,185▲ | $104,488 |
| Hourly Rate | $57.30▲ | $50.23 |
| Entry Level (P10) | $69,127▲ | $63,209 |
| 25th Percentile | $87,214▲ | $74,944 |
| 75th Percentile | $152,558 | $180,093▲ |
| Top Earner (P90) | $184,738 | $295,758▲ |
| Total Employed | 5 | 820▲ |
Verdict
Lackawanna and Rochester are closely matched on overall financial advisor compensation, each winning on different metrics.
The salary gap between Lackawanna and Rochester is $14,697 (14.07%). Lackawanna's median is +9.81% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Lackawanna spans $115,611,Rochester spans $232,549. Rochester has a wider pay range, suggesting more variation in pay between entry-level and experienced financial advisors.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Rochester ($107,681 effective) pays 4.71% more than Lackawanna ($102,834 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Lackawanna if…
- ✓Higher median salary ($119,185/year)
- ✓You prefer the New York area and lifestyle
Choose Rochester if…
- ✓Better top-earner potential ($295,758)
- ✓Larger job market (820 employed)
- ✓Better purchasing power (CoL-adjusted: $107,681)
- ✓You prefer the New York area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Lackawanna grew -36.7% from 2024 to 2025, compared to 10.3% growth in Rochester over the same period.
Lackawanna, NY
$182,231 (2024) → $115,378 (2025)
Rochester, NY
$91,670 (2019) → $101,150 (2025)
View Full Salary Data
Lackawanna, NY
Rochester, NY
Frequently Asked Questions
Which city pays financial advisors more: Lackawanna or Rochester?
What is the hourly rate difference between Lackawanna and Rochester?
Should I relocate from Lackawanna to Rochester as a financial advisor?
What do entry-level financial advisors earn in Lackawanna vs Rochester?
Related Comparisons
Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov