Financial Advisor Hourly Pay in Paterson, NJ: $60.07 (2026)
Quick Answer:Hourly pay for a financial advisor working in Paterson, NJ runs $60.07 at the median for 2026 — annualizing to $124,948 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Paterson's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $52.14 nationally would. A 24-hour part-time schedule grosses $74,966 per year.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Paterson, New Jersey, earn a median hourly pay of $60.07, outpacing the national hourly median of $52.18 by a notable margin. This competitive hourly rate makes the profession attractive for part-time and per-diem work, allowing financial advisors to thrive in various environments such as wirehouse branch offices, insurance agency locations, and virtual planning meetings. For entry-level positions, hourly wages start at approximately $34.84, while seasoned professionals can command rates up to $93.11. This broad pay spectrum affords flexibility for financial advisors who may balance multiple clients or opt for a part-time schedule over three days per week, showcasing the diverse earning potential for professionals in this evolving sector.
About the Paterson 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) | $34.84 | $278.74 |
| Lower Range (P25) | $43.25 | $346.01 |
| Median (P50) | $60.07 | $480.55 |
| Upper Range (P75) | $76.89 | $615.09 |
| Top Earners (P90) | $93.11 | $744.92 |
Estimated Annual Income by Work Schedule in Paterson
Based on $60.07/hr median hourly rate · 2026 est.
At $60.07/hr, a financial advisor working full-time (40 hr/wk) in Paterson, NJ can expect to earn approximately $124,943 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,083. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Paterson.
Hourly Rate Calculator
Schedule Comparison in Paterson
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,402.76 | $10,412 | $124,943 |
| Part-Time (24 hrs) | $1,441.65 | $6,247 | $74,966 |
| Per Diem (16 hrs) | $961.10 | $4,165 | $49,977 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Paterson) | $60.07 |
| 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 Paterson, NJ earn a median of $124,948 per year (2026 est.), which is 15.12% higher than the national median of $108,537 and 0.10% below the New Jersey state average of $125,073.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $60.07/hr = $74,966/year (purchasing power: $65,075).
Working 40h/week (full-time) = $124,943/year (purchasing power: $108,458).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$48.62/hr
2025 BLS Actual
$58.15/hr
2026 Current Est.
$60.07/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Paterson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.62/hr | Actual |
| 2020 | $49.44/hr | Actual |
| 2021 | $52.12/hr | Actual |
| 2022 | $52.79/hr | Actual |
| 2023 | $55.11/hr | Actual |
| 2024 | $81.91/hr | Actual |
| 2025 | $58.15/hr | Actual |
| 2026(current) | $60.07/hr | Estimated |
| 2027 | $62.05/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Paterson grew 19.6% from $48.62/hr (2019) to $58.15/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $62.05/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 Paterson 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 Paterson
Considering the earning potential of part-time financial advisors in Paterson, taking on a 3-day workweek (24 hours) can yield impressive annual income when structured strategically. For seasoned advisors engaged in project-based roles, per diem opportunities are available, though less common for newer professionals. Rates charged by experienced fiduciaries for comprehensive financial plans can range from $3,000 to $15,000 depending on complexity, while small business retirement consulting can secure retainers of $5,000 to $25,000 annually. Hourly rates may fluctuate based on the employer type, with wirehouses like Morgan Stanley and UBS typically offering lower rates compared to independent registered investment advisors, who may excel in fiduciary practices. The choice to accept a lower rate at a larger institution in exchange for benefits is often a consideration for many, alongside productive negotiation strategies to ensure fair compensation, particularly in a city like Paterson where financial advisor hourly pay remains competitive.
More salary data for Paterson, 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 Paterson. 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 Paterson 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