Financial Advisor Hourly Pay in Passaic, NJ: $58.84 (2026)
Quick Answer:Hourly pay for a financial advisor working in Passaic, NJ runs $58.84 at the median for 2026 — annualizing to $122,384 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Passaic's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $51.08 nationally would. A 24-hour part-time schedule grosses $73,432 per year.
Based on BLS state-level estimates · View source
In Passaic, New Jersey, financial advisors can expect a median hourly rate of $58.84, which is notably higher than the national median of $52.18. This advantageous rate allows financial advisors in the area to thrive in various working environments such as wirehouse branch offices, RIA conference spaces, and client homes. For those considering flexibility, part-time positions or per-diem work become viable options. The hourly pay rate ranges considerably, from $34.13 for entry-level advisors to $91.20 for top earners, reflecting the varied experience levels and employer types within Passaic. Given these estimates stem from annual salary data for 2026, advantages arise for professionals able to work fewer days per week while still earning competitive compensation.
About the Passaic 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) | $34.13 | $273.04 |
| Lower Range (P25) | $42.36 | $338.91 |
| Median (P50) | $58.84 | $470.72 |
| Upper Range (P75) | $75.32 | $602.53 |
| Top Earners (P90) | $91.20 | $729.63 |
Estimated Annual Income by Work Schedule in Passaic
Based on $58.84/hr median hourly rate · 2026 est.
At $58.84/hr, a financial advisor working full-time (40 hr/wk) in Passaic, NJ can expect to earn approximately $122,387 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,608. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Passaic.
Hourly Rate Calculator
Schedule Comparison in Passaic
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,353.59 | $10,199 | $122,387 |
| Part-Time (24 hrs) | $1,412.15 | $6,119 | $73,432 |
| Per Diem (16 hrs) | $941.43 | $4,080 | $48,955 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Passaic) | $58.84 |
| 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 Passaic, NJ earn a median of $122,384 per year (2026 est.), which is 12.76% higher than the national median of $108,537 and 2.10% below the New Jersey state average of $125,009.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $58.84/hr = $73,432/year (purchasing power: $63,743).
Working 40h/week (full-time) = $122,387/year (purchasing power: $106,238).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$47.62/hr
2025 BLS Actual
$56.96/hr
2026 Current Est.
$58.84/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Passaic (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.62/hr | Actual |
| 2020 | $48.43/hr | Actual |
| 2021 | $51.05/hr | Actual |
| 2022 | $51.71/hr | Actual |
| 2023 | $53.98/hr | Actual |
| 2024 | $80.23/hr | Actual |
| 2025 | $56.96/hr | Actual |
| 2026(current) | $58.84/hr | Estimated |
| 2027 | $60.78/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Passaic grew 19.6% from $47.62/hr (2019) to $56.96/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $60.78/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 Passaic 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 Passaic
The potential earnings for part-time financial advisors prove to be substantial, especially for those working three days a week, totaling 24 hours. Such professionals could realistically bring in a solid annual income that competes with full-time roles, contingent upon their client base and service offerings. While per diem roles in Passaic are uncommon at junior levels, experienced advisors can command significant fees for comprehensive financial plans, ranging from $3,000 to $15,000 per project. Hourly rates can fluctuate based on the advisor's employer, whether it be large wirehouses like Morgan Stanley or independent RIA firms. Those affiliated with banks or insurance companies may see different earnings, often trading a lower hourly rate for comprehensive benefits. For those looking to negotiate their compensation, understanding the local market dynamics and recognizing the trade-offs between job security and earning potential is essential for career advancement within the financial advisor field in NJ.
More salary data for Passaic, NJ:
Frequently Asked Questions
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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 Passaic. 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 Passaic 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