Financial Advisor Salary in New Bedford, MA: $131,680 (2026)
Quick Answer:A full-time financial advisor in New Bedford, MA earns a median $131,680/year (≈ $63.31/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in New Bedford's price level (9% above national, BEA RPP 108.5), that paycheck buys what $121,364 would nationally. Nominal pay sits 0.7% above the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in New Bedford, Massachusetts, can expect a median annual salary of $131,680, significantly higher than the national median of $108,537 — a difference of over 21%. The local salary range spans from $76,374 at the 10th percentile to $204,103 at the 90th percentile, illustrating the income variation based on experience, specialization, and client base. These estimates are derived from 2025 BLS data, adjusted for local economic conditions, reflecting New Bedford's evolving financial market landscape, particularly the emergence of fee-only fiduciary practices. As professionals with the CFP designation continue to gain traction, the demand for knowledgeable advisors is likely to rise, promising a competitive landscape for those entering the field.
About the New Bedford Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,374 | $36.72 |
| Lower Range (P25) | $94,810 | $45.59 |
| Median (P50)(typical) | $131,680 | $63.31 |
| Upper Range (P75) | $168,549 | $81.03 |
| Top Earners (P90) | $204,103 | $98.12 |
Median Salary Position
21.32% above the national average
2026 Salary Percentile Distribution in New Bedford
In New Bedford, MA, the financial advisor salary spread from the 10th to 90th percentile is $127,729 (2026 est.). At $131,680, the local median is 21.32% above the national median of $108,537.
Salary Calculator
At 40 hours/week in New Bedford: You'd be in the lower-middle range
How New Bedford Financial Advisor Pay Compares
New Bedford median: $131,680/year (2026)
| Compared To | Median Salary | New Bedford Pays |
|---|---|---|
| Massachusetts Average | $130,764 | +0.70% more |
| National Average | $108,537 | +21.32% more |
Financial Advisors in New Bedford, MA earn a median of $131,680 per year (2026 est.), which is 21.32% higher than the national median of $108,537 and 0.70% above the Massachusetts state average of $130,764.
Cost-of-Living Adjusted Salary
New Bedford has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
New Bedford, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $131,680 is competitive, the higher cost of living reduces purchasing power to an effective $121,364 — a 7.83% reduction.
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2019 BLS Actual
$106,581
2025 BLS Actual
$127,473
2026 Current Est.
$131,680
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in New Bedford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,581 | Actual |
| 2020 | $108,377 | Actual |
| 2021 | $114,249 | Actual |
| 2022 | $115,729 | Actual |
| 2023 | $78,600 | Actual |
| 2024 | $166,149 | Actual |
| 2025 | $127,473 | Actual |
| 2026(current) | $131,680 | Estimated |
| 2027 | $136,025 | Projected |
Based on 7 years of BLS OEWS data for the New Bedford metropolitan area, the median financial advisor salary grew 19.6% from $106,581 (2019) to $127,473 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $136,025 by 2027 — a total increase of $29,444 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the New Bedford 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) | $76,374 – $94,810 |
| 3-5 years (Mid Career) | $94,810 – $131,680 |
| 5+ years (Experienced) | $131,680 – $168,549 |
| 10+ years (Top Earner) | $168,549 – $204,103 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in New Bedford
The job market for financial advisors in New Bedford is relatively strong, with 24 professionals currently employed in this area. However, the cost of living is above the national average, reflected in the locality's cost of living index of 108.5, which may impact take-home pay. Among various employers, wirehouses like Morgan Stanley and Merrill Lynch typically offer higher salaries for advisors, due to significant institutional support and larger client portfolios. Factors influencing the wide salary range include assets under management (AUM) and fee structures, with RIAs generally benefitting from a steady 1% fee on AUM while wirehouses often operate on a commission basis. To maximize compensation in this specific market, aspiring advisors should focus on building a solid client base, obtaining the CFP or CFA credentials, and considering the advantages of fiduciary roles in RIAs which could provide more stable income opportunities.
More salary data for New Bedford, MA:
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 $127,473 for financial advisorsin the New Bedford 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 New Bedford 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