Financial Advisor Salary in Springfield, MA: $132,090 (2026)
Quick Answer:A full-time financial advisor in Springfield, MA earns a median $132,090/year (≈ $63.51/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Springfield's price level (4% below national, BEA RPP 96.1), that paycheck buys what $137,506 would nationally. Nominal pay sits 1.1% above the Massachusetts state average.
Official BLS data · View source
In Springfield, Massachusetts, financial advisors can expect to earn a median annual salary of $132,090 in 2026, surpassing the national median of $108,537 by 21.70%. The salary range shows considerable variation, with entry-level positions earning as little as $52,476, while top earners can make up to $443,643. This data, derived from the official Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) surveys, reflects the dynamic economic environment for financial advisors in the area. The projected growth rate of 3.30% annually indicates a promising trajectory for the profession, highlighting the potential for increased compensation as the market evolves.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $52,476 | $25.23 |
| Lower Range (P25) | $83,869 | $40.33 |
| Median (P50)(typical) | $132,090 | $63.51 |
| Upper Range (P75) | $193,429 | $93.00 |
| Top Earners (P90) | $443,643 | $213.29 |
Median Salary Position
21.70% above the national average
2026 Salary Percentile Distribution in Springfield
In Springfield, MA, the financial advisor salary spread from the 10th to 90th percentile is $391,167 (2026 est.). At $132,090, the local median is 21.7% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Springfield: You'd be in the entry-level range
How Springfield Financial Advisor Pay Compares
Springfield median: $132,090/year (2026)
| Compared To | Median Salary | Springfield Pays |
|---|---|---|
| Massachusetts Average | $130,653 | +1.10% more |
| National Average | $108,537 | +21.70% more |
Financial Advisors in Springfield, MA earn a median of $132,090 per year (2026 est.), which is 21.70% higher than the national median of $108,537 and 1.10% above the Massachusetts state average of $130,653.
Cost-of-Living Adjusted Salary
Springfield has a cost of living 3.94% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Springfield, MA has a cost-of-living index of 96.061 (below the national average of 100). A financial advisor earning $132,090 nominally has purchasing power equivalent to $137,506 in an average-cost city — an effective 4.1% boost.
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2019 BLS Actual
$61,780
2025 BLS Actual
$127,870
2026 Current Est.
$132,090
2019–2027 Growth
+120.9%
Salary Trajectory for Financial Advisors in Springfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $61,780 | Actual |
| 2020 | $64,950 | Actual |
| 2021 | $77,750 | Actual |
| 2022 | $76,220 | Actual |
| 2023 | $88,040 | Actual |
| 2024 | $102,210 | Actual |
| 2025 | $127,870 | Actual |
| 2026(current) | $132,090 | Estimated |
| 2027 | $136,449 | Projected |
Based on 7 years of BLS OEWS data for the Springfield metropolitan area, the median financial advisor salary grew 107.0% from $61,780 (2019) to $127,870 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $136,449 by 2027 — a total increase of $74,669 (120.86%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Springfield 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) | $52,476 – $83,869 |
| 3-5 years (Mid Career) | $83,869 – $132,090 |
| 5+ years (Experienced) | $132,090 – $193,429 |
| 10+ years (Top Earner) | $193,429 – $443,643 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Springfield
In the Springfield job market, approximately 200 financial advisors are currently employed, reflecting a substantial local demand for financial guidance amidst a cost of living index of 96.061, which suggests that salaries stretch further than in many other areas. Among the various employer types, wirehouses such as Morgan Stanley and Merrill Lynch tend to offer the higher compensations, particularly for advisors managing a significant book of clients. The disparity in financial advisor pay in Springfield MA is often determined by factors like asset under management (AUM), fee structures, and client demographics. Advisors linked to fee-only Registered Investment Advisors (RIAs) may benefit from AUM-based compensation models, generally at 1%, while those in commission-centric wirehouses might experience different earnings dynamics. To maximize their earning potential, advisors should focus on developing a high-net-worth clientele, obtaining advanced certifications like CFP or CFA, and considering independent pathways that can provide greater autonomy and lucrative breakaway transition packages.
More salary data for Springfield, 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 $127,870 for financial advisorsin the Springfield 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
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