Financial Advisor Hourly Pay in Newark, NJ: $84.58 (2026)
Quick Answer:Hourly pay for a financial advisor working in Newark, NJ runs $84.58 at the median for 2026 — annualizing to $175,922 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Newark's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $73.42 nationally would. A 24-hour part-time schedule grosses $105,558 per year.
Based on BLS state-level estimates · View source
In Newark, New Jersey, the financial advisor hourly pay reaches a median of $84.58, significantly above the national hourly median of $52.18. This higher compensation can be particularly advantageous for financial advisors who work part-time, for instance, those operating three days a week, as they can still earn a substantial income while enjoying a flexible schedule. The hourly range for this profession spans from $49.06 to $131.10, reflecting varying levels of experience and specialization. Financial advisors typically work in diverse settings such as wirehouse branch offices, insurance agencies, and private banking suites. They may also engage in remote planning meetings or visit clients in their homes. As the industry evolves, this hourly pay structure highlights the financial potential for both entry-level advisors and established professionals in Newark.
About the Newark Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $49.06 | $392.46 |
| Lower Range (P25) | $60.90 | $487.16 |
| Median (P50) | $84.58 | $676.66 |
| Upper Range (P75) | $108.26 | $866.07 |
| Top Earners (P90) | $131.10 | $1048.78 |
Estimated Annual Income by Work Schedule in Newark
Based on $84.58/hr median hourly rate · 2026 est.
At $84.58/hr, a financial advisor working full-time (40 hr/wk) in Newark, NJ can expect to earn approximately $175,931 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $101,498. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Newark.
Hourly Rate Calculator
Schedule Comparison in Newark
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $3,383.28 | $14,661 | $175,931 |
| Part-Time (24 hrs) | $2,029.97 | $8,797 | $105,558 |
| Per Diem (16 hrs) | $1,353.31 | $5,864 | $70,372 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Newark) | $84.58 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Newark, NJ earn a median of $175,922 per year (2026 est.), which is 62.08% higher than the national median of $108,537 and 40.70% above the New Jersey state average of $125,033.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $84.58/hr = $105,558/year (purchasing power: $91,631).
Working 40h/week (full-time) = $175,931/year (purchasing power: $152,718).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$68.46/hr
2025 BLS Actual
$81.88/hr
2026 Current Est.
$84.58/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $68.46/hr | Actual |
| 2020 | $69.61/hr | Actual |
| 2021 | $73.39/hr | Actual |
| 2022 | $74.34/hr | Actual |
| 2023 | $77.60/hr | Actual |
| 2024 | $86.20/hr | Actual |
| 2025 | $81.88/hr | Actual |
| 2026(current) | $84.58/hr | Estimated |
| 2027 | $87.37/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Newark grew 19.6% from $68.46/hr (2019) to $81.88/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $87.37/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newark metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Newark
Compared to national standards, part-time financial advisors in Newark can achieve notable annual earnings even while working only 24 hours a week. Depending on their specific role and client engagements, such as project-based financial planning, experienced advisors often charge substantial fees ranging from $3,000 to $15,000 for comprehensive plans. In this context, per diem financial advisor pay in Newark might suffice for those without full-time positions, allowing them to navigate a landscape of flexibility and project-based work. Hourly rates can also differ significantly based on the type of employer; wirehouses, independent broker-dealers, and RIAs offer varied financial incentives and structures. Advisors may weigh the benefits of higher pay against the availability of health benefits, making strategic decisions to align with personal and professional goals. For those negotiating hourly pay in Newark, understanding market dynamics and leveraging industry certifications can be key in securing favorable compensation.
More salary data for Newark, NJ:
Frequently Asked Questions
What is the hourly rate for financial advisors in Newark in 2026?
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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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Newark. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Newark is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov