Financial Advisor Salary in Newark, DE: $109,671 (2026)
Quick Answer:A full-time financial advisor in Newark, DE earns a median $109,671/year (≈ $52.72/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Newark's price level (2% above national, BEA RPP 101.7), that paycheck buys what $107,838 would nationally. Nominal pay sits 0.6% below the Delaware state average.
Based on BLS state-level estimates · View source
Financial advisors in Newark, DE, can expect a median salary of $109,671 in 2026, slightly ahead of the national average of $108,537. This salary reflects strong compensation in a city where pay can range from $63,609 at the lower end to $169,989 for top earners. These figures are derived from 2025 BLS estimates, adjusted for local cost considerations. The compensation structure in this region is shaped largely by the wirehouse and Registered Investment Advisor (RIA) divide. While wirehouses often employ a commission-based pay model, RIAs are typically driven by an assets under management (AUM) structure, which can influence earning potential significantly. The local job market presents unique opportunities for advisors, illustrating a nuanced compensation landscape distinguished by the firm's business model.
About the Newark Market
Salary estimated from Delaware average ($112,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $63,609 | $30.58 |
| Lower Range (P25) | $78,963 | $37.96 |
| Median (P50)(typical) | $109,671 | $52.72 |
| Upper Range (P75) | $140,379 | $67.49 |
| Top Earners (P90) | $169,989 | $81.72 |
Median Salary Position
1.04% above the national average
2026 Salary Percentile Distribution in Newark
In Newark, DE, the financial advisor salary spread from the 10th to 90th percentile is $106,380 (2026 est.). At $109,671, the local median is 1.04% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Newark: You'd be in the lower-middle range
How Newark Financial Advisor Pay Compares
Newark median: $109,671/year (2026)
| Compared To | Median Salary | Newark Pays |
|---|---|---|
| Delaware Average | $110,333 | -0.60% less |
| National Average | $108,537 | +1.04% more |
Financial Advisors in Newark, DE earn a median of $109,671 per year (2026 est.), which is 1.04% higher than the national median of $108,537 and 0.60% below the Delaware state average of $110,333.
Cost-of-Living Adjusted Salary
Newark has a cost of living 1.70% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newark, DE has a cost-of-living index of 101.7 (above the national average of 100). While the nominal salary of $109,671 is competitive, the higher cost of living reduces purchasing power to an effective $107,838 — a 1.67% reduction.
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2019 BLS Actual
$88,767
2025 BLS Actual
$106,167
2026 Current Est.
$109,671
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $88,767 | Actual |
| 2020 | $90,263 | Actual |
| 2021 | $95,153 | Actual |
| 2022 | $96,386 | Actual |
| 2023 | $100,620 | Actual |
| 2024 | $113,170 | Actual |
| 2025 | $106,167 | Actual |
| 2026(current) | $109,671 | Estimated |
| 2027 | $113,290 | Projected |
Based on 7 years of BLS OEWS data for the Newark metropolitan area, the median financial advisor salary grew 19.6% from $88,767 (2019) to $106,167 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $113,290 by 2027 — a total increase of $24,523 (27.63%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $63,609 – $78,963 |
| 3-5 years (Mid Career) | $78,963 – $109,671 |
| 5+ years (Experienced) | $109,671 – $140,379 |
| 10+ years (Top Earner) | $140,379 – $169,989 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Newark
Total employment for financial advisors in Newark is relatively limited, with only five professionals working in this field. The cost of living index stands at 101.7, indicating that residents spend slightly more than the national average, which can affect take-home pay. Among local employers, wirehouses like Morgan Stanley and Merrill Lynch are likely to provide the highest financial advisor pay in Newark, DE, while independent broker-dealers and RIAs may offer competitive compensation based on performance and client asset concentration. Understanding factors driving the difference in salaries, such as AUM book size and whether advisors operate under a commission or fee-only model, is critical. For aspiring financial advisors, obtaining credentials like CFP or CFA can enhance employment prospects and earnings, while transitioning from a wirehouse to an independent role may present additional opportunities for increased compensation through equity or partnerships in RIAs.
More salary data for Newark, DE:
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 $106,167 for financial advisorsin the Newark 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 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