Financial Advisor Salary in Westfield, MA: $128,362 (2026)
Quick Answer:A full-time financial advisor in Westfield, MA earns a median $128,362/year (≈ $61.71/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Westfield's price level (9% above national, BEA RPP 108.5), that paycheck buys what $118,306 would nationally. Nominal pay sits 1.8% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Westfield, Massachusetts is projected to be $128,362, highlighting a 18.27% premium compared to the national median of $108,537. This significant difference can be attributed to the local job market's structure, particularly the divide between wirehouse firms and fee-only RIAs, as the AUM-based (Assets Under Management) compensation model increasingly shapes pay scales. The salary range offers insights into the market: advisors at the low end can expect $74,449, while those at the high end may earn up to $198,961. These figures are derived from estimates based on 2025 BLS data, adjusted for regional cost of living factors, and reflect a competitive environment for wealth management professionals in Westfield.
About the Westfield Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,449 | $35.79 |
| Lower Range (P25) | $92,420 | $44.43 |
| Median (P50)(typical) | $128,362 | $61.71 |
| Upper Range (P75) | $164,303 | $78.99 |
| Top Earners (P90) | $198,961 | $95.66 |
Median Salary Position
18.27% above the national average
2026 Salary Percentile Distribution in Westfield
In Westfield, MA, the financial advisor salary spread from the 10th to 90th percentile is $124,512 (2026 est.). At $128,362, the local median is 18.27% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Westfield: You'd be in the lower-middle range
How Westfield Financial Advisor Pay Compares
Westfield median: $128,362/year (2026)
| Compared To | Median Salary | Westfield Pays |
|---|---|---|
| Massachusetts Average | $130,714 | -1.80% less |
| National Average | $108,537 | +18.27% more |
Financial Advisors in Westfield, MA earn a median of $128,362 per year (2026 est.), which is 18.27% higher than the national median of $108,537 and 1.80% below the Massachusetts state average of $130,714.
Cost-of-Living Adjusted Salary
Westfield has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Westfield, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $128,362 is competitive, the higher cost of living reduces purchasing power to an effective $118,306 — a 7.83% reduction.
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2019 BLS Actual
$103,896
2025 BLS Actual
$124,261
2026 Current Est.
$128,362
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Westfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,896 | Actual |
| 2020 | $105,646 | Actual |
| 2021 | $111,370 | Actual |
| 2022 | $112,813 | Actual |
| 2023 | $117,768 | Actual |
| 2024 | $161,962 | Actual |
| 2025 | $124,261 | Actual |
| 2026(current) | $128,362 | Estimated |
| 2027 | $132,598 | Projected |
Based on 7 years of BLS OEWS data for the Westfield metropolitan area, the median financial advisor salary grew 19.6% from $103,896 (2019) to $124,261 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $132,598 by 2027 — a total increase of $28,702 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westfield 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) | $74,449 – $92,420 |
| 3-5 years (Mid Career) | $92,420 – $128,362 |
| 5+ years (Experienced) | $128,362 – $164,303 |
| 10+ years (Top Earner) | $164,303 – $198,961 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Westfield
With nine financial advisors currently employed in Westfield, the local market showcases both opportunities and challenges. The area has a cost-of-living index of 108.5, meaning residents must earn a bit more than the national average to maintain the same purchasing power. Wirehouse institutions like Morgan Stanley and Merrill Lynch typically offer some of the highest salaries, focusing on commission structures, while independent advisory firms can cater to those pursuing fiduciary roles, creating a diverse pay spectrum. The salary variance is influenced by several factors, including advisor credentialing (such as CFP or CFA designations) and client base concentration. For aspiring financial advisors in Westfield, maximizing pay can be achieved through strategic networking, gaining relevant certifications, and potentially moving assets from wirehouses to fiduciary practices to capture a growing segment of high-net-worth clients seeking professional guidance.
More salary data for Westfield, 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 $124,261 for financial advisorsin the Westfield 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 Westfield 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