Financial Advisor Salary in Torrington, CT: $124,150 (2026)
Quick Answer:A full-time financial advisor in Torrington, CT earns a median $124,150/year (≈ $59.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Torrington's price level (8% above national, BEA RPP 107.9), that paycheck buys what $115,060 would nationally. Nominal pay sits 2.7% below the Connecticut state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Torrington, CT are projected to earn a median annual salary of $124,150, reflecting a significant premium in comparison to the national median of $108,537. The local salary spectrum ranges from $72,007 at the 10th percentile to $192,432 at the 90th percentile, indicating a robust opportunity for growth and variability in compensation among advisors. These figures are derived from estimates based on 2025 BLS data and reflect regional cost adjustments, highlighting the continued rise of the fiduciary fee-only model and the premium associated with obtaining a CFP credential. As more advisors transition to fee-only structures, the local market shows promise for those equipped with the right qualifications and business acumen.
About the Torrington Market
Salary estimated from Connecticut average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $72,007 | $34.62 |
| Lower Range (P25) | $90,496 | $43.51 |
| Median (P50)(typical) | $124,150 | $59.69 |
| Upper Range (P75) | $158,913 | $76.40 |
| Top Earners (P90) | $192,432 | $92.52 |
Median Salary Position
14.38% above the national average
2026 Salary Percentile Distribution in Torrington
In Torrington, CT, the financial advisor salary spread from the 10th to 90th percentile is $120,425 (2026 est.). At $124,150, the local median is 14.38% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Torrington: You'd be in the lower-middle range
How Torrington Financial Advisor Pay Compares
Torrington median: $124,150/year (2026)
| Compared To | Median Salary | Torrington Pays |
|---|---|---|
| Connecticut Average | $127,595 | -2.70% less |
| National Average | $108,537 | +14.38% more |
Financial Advisors in Torrington, CT earn a median of $124,150 per year (2026 est.), which is 14.38% higher than the national median of $108,537 and 2.70% below the Connecticut state average of $127,595.
Cost-of-Living Adjusted Salary
Torrington has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Torrington, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $124,150 is competitive, the higher cost of living reduces purchasing power to an effective $115,060 — a 7.32% reduction.
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2019 BLS Actual
$100,487
2025 BLS Actual
$120,184
2026 Current Est.
$124,150
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Torrington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,487 | Actual |
| 2020 | $102,180 | Actual |
| 2021 | $107,716 | Actual |
| 2022 | $109,112 | Actual |
| 2023 | $113,904 | Actual |
| 2024 | $155,316 | Actual |
| 2025 | $120,184 | Actual |
| 2026(current) | $124,150 | Estimated |
| 2027 | $128,247 | Projected |
Based on 7 years of BLS OEWS data for the Torrington metropolitan area, the median financial advisor salary grew 19.6% from $100,487 (2019) to $120,184 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,247 by 2027 — a total increase of $27,760 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Torrington 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $72,007 – $90,496 |
| 3-5 years (Mid Career) | $90,496 – $124,150 |
| 5+ years (Experienced) | $124,150 – $158,913 |
| 10+ years (Top Earner) | $158,913 – $192,432 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Torrington
In Torrington, the employment for financial advisors is concentrated with only nine professionals currently practicing in the area, suggesting a tight-knit community that may offer unique networking advantages. The cost of living index stands at 107.9, slightly above the national average, which can influence the purchasing power of take-home salaries. Among local employers, wirehouses such as Morgan Stanley and Merrill Lynch typically offer higher pay, although independent broker-dealers and RIAs are increasingly competitive, especially firms like LPL and Raymond James. The disparity in compensation can often be tied to factors such as AUM management, client demographics, and the business model adopted by each advisor—those aligned with the fiduciary standard tend to benefit more in today's market. For advisors in Torrington, leveraging certifications, focusing on high-net-worth clients, and adopting a transparent fee structure can be strategic moves to maximize salary potential in this evolving landscape.
More salary data for Torrington, CT:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $120,184 for financial advisorsin the Torrington metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Torrington 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