Financial Advisor Salary in Massachusetts: $130,875 (2026)
Quick Answer:Across Massachusetts's 58 metropolitan areas, the average median financial advisor pay sits at $130,875/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Massachusetts sits at BEA RPP 108.5 (9% above the U.S. baseline), that statewide median translates to roughly $120,622 in nationally-comparable purchasing power. Highest-paying metros: Amherst Town ($145,190), Northampton ($143,268), Lynn ($129,958).
In 2026, financial advisors in Massachusetts are projected to earn an average median salary of $130,875, which is 20.6% higher than the national median of $108,537. The disparity in salaries across the state varies significantly, with Amherst Town offering the highest average at $149,981 and Andover on the lower end at $123,756. This gap of $26,225 can be attributed to several factors, including demand for financial services, local economic conditions, and cost of living differences. Massachusetts has specific state licensing requirements for financial advisors, necessitating compliance with both state and federal regulations. The demand for financial advisory services in the state is driven by a strong concentration of tech and educational institutions, leading to a more affluent client base seeking specialized financial advice. With a projected growth rate of 3.30%, the employment outlook for financial advisors remains strong, reflecting ongoing needs for personal financial planning and investment management. Key metropolitan areas emphasizing this growth include Northampton at $147,996, Lynn at $134,247, Somerville at $132,488, and Revere at $132,282. Current trends indicate a stable job market for financial advisors in Massachusetts, bolstered by an increasingly complex financial landscape and a diverse array of clients.
Massachusetts Financial Advisor Salary Range
Overall salary range in Massachusetts: $52,476 (lowest entry-level) to $502,751 (highest top earner)
Massachusetts vs National Average
Massachusetts financial advisors earn 20.58% more than the national median (+$22,338/year difference).
Massachusetts Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Massachusetts range from $69,541 (entry-level, 10th percentile) to $269,649 (top earners, 90th percentile), with a median of $130,875. The Massachusetts median is $22,338 above the US national median of $108,537. The average hourly rate is $62.92/hr. Approximately 897 financial advisors are employed across 58 cities.
2019 BLS Actual
$106,382
2025 BLS Actual
$126,694
2026 Current Est.
$130,875
2019–2027 Growth
+27.1%
Salary Trajectory for Financial Advisors in Massachusetts (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,382 | Actual |
| 2020 | $127,737 | Actual |
| 2021 | $105,670 | Actual |
| 2022 | $107,069 | Actual |
| 2023 | $98,903 | Actual |
| 2024 | $107,145 | Actual |
| 2025 | $126,694 | Actual |
| 2026(current) | $130,875 | Estimated |
| 2027 | $135,194 | Projected |
Based on 7 years of BLS OEWS data for the Massachusetts metropolitan area, the median financial advisor salary grew 19.1% from $106,382 (2019) to $126,694 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $135,194 by 2027 — a total increase of $28,812 (27.08%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Massachusetts 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.
Top 5 Highest Paying Cities in Massachusetts
Lowest Paying Cities in Massachusetts
| City | Median Salary |
|---|---|
| Andover | $123,756 |
| Leominster | $124,061 |
| Wellesley | $124,173 |
| Chelmsford | $124,244 |
| Woburn | $124,356 |
Best Value Cities for Financial Advisors in Massachusetts
When adjusted for local cost of living, these Massachusetts cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Amherst Town | $149,981 | 100.243 | $149,617 |
| Springfield | $132,090 | 96.061 | $137,506 |
| Pittsfield | $130,055 | 95.106 | $136,747 |
| Northampton | $147,996 | 108.5 | $136,402 |
| Lynn | $134,247 | 108.5 | $123,730 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Massachusetts
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $69,541 |
| Mid Career (3-7 years) | $130,875 |
| Experienced (7+ years) | $269,649 |
Estimates based on BLS percentile data averaged across Massachusetts metro areas. Individual pay varies by employer, certifications, and specialization.
All 58 Cities in Massachusetts
| # | City | Median Salary |
|---|---|---|
| 1 | Amherst Town | $149,981 |
| 2 | Northampton | $147,996 |
| 3 | Lynn | $134,247 |
| 4 | Somerville | $132,488 |
| 5 | Revere | $132,282 |
| 6 | Springfield | $132,090 |
| 7 | Brockton | $131,827 |
| 8 | New Bedford | $131,680 |
| 9 | Plymouth | $131,598 |
| 10 | Malden | $131,122 |
| 11 | Haverhill | $131,101 |
| 12 | Lowell | $131,067 |
| 13 | Framingham | $131,008 |
| 14 | Peabody | $130,833 |
| 15 | Boston | $130,705 |
| 16 | Weymouth | $130,439 |
| 17 | Pittsfield | $130,055 |
| 18 | Chicopee | $130,045 |
| 19 | Randolph | $129,903 |
| 20 | Quincy | $129,674 |
| 21 | Newton | $129,655 |
| 22 | Amherst | $129,518 |
| 23 | Chelsea | $129,507 |
| 24 | Medford | $129,155 |
| 25 | Fall River | $129,031 |
| 26 | Marlborough | $129,031 |
| 27 | Watertown | $129,010 |
| 28 | Fitchburg | $128,909 |
| 29 | Methuen | $128,861 |
| 30 | Taunton | $128,803 |
| 31 | Arlington | $128,757 |
| 32 | Needham | $128,423 |
| 33 | Westfield | $128,362 |
| 34 | Everett | $128,341 |
| 35 | Holyoke | $127,682 |
| 36 | Cambridge | $127,584 |
| 37 | Beverly | $127,469 |
| 38 | Lawrence | $127,468 |
| 39 | Dartmouth | $127,317 |
| 40 | Waltham | $127,188 |
| 41 | Barnstable | $127,053 |
| 42 | Brookline | $126,774 |
| 43 | Billerica | $126,577 |
| 44 | Braintree | $126,150 |
| 45 | Salem | $125,937 |
| 46 | Natick | $125,857 |
| 47 | Dracut | $125,197 |
| 48 | Lexington | $125,116 |
| 49 | Stoughton | $125,116 |
| 50 | Shrewsbury | $124,954 |
| 51 | Franklin | $124,619 |
| 52 | Attleboro | $124,518 |
| 53 | Worcester | $124,373 |
| 54 | Woburn | $124,356 |
| 55 | Chelmsford | $124,244 |
| 56 | Wellesley | $124,173 |
| 57 | Leominster | $124,061 |
| 58 | Andover | $123,756 |
More Massachusetts Salary Data
Hourly Rates
Explore financial advisor hourly pay in Massachusetts cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Massachusetts in 2026?
What is the highest paying city for financial advisors in Massachusetts?
How does Massachusetts financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Massachusetts?
How many financial advisors are employed in Massachusetts?
Which Massachusetts city offers the best value for financial advisors?
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
Statewide 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. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 financial advisor compensation across Massachusetts. State averages are employment-weighted across 58 metro areas — larger metro areas with more financial advisorscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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