Financial Advisor Salary in Woburn, MA: $124,356 (2026)
Quick Answer:A full-time financial advisor in Woburn, MA earns a median $124,356/year (≈ $59.79/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Woburn's price level (9% above national, BEA RPP 108.5), that paycheck buys what $114,614 would nationally. Nominal pay sits 4.9% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Woburn, Massachusetts, financial advisors command a competitive median annual salary of $124,356 in 2026, which is notably higher than the national median of $108,537 by approximately 14.57%. The compensation spectrum ranges widely, with salaries from $72,126 at the 10th percentile to as high as $192,752 at the 90th percentile. These figures are projected based on 2025 BLS Occupational Employment Statistics data and regional cost adjustments, which reflect Woburn's above-average cost of living. The city's financial advisory landscape is influenced by the structural divide between wirehouse firms and Registered Investment Advisors (RIAs). The fee-based AUM model prevalent among RIAs tends to result in higher earning potential compared to the commission-based framework often employed by wirehouses.
About the Woburn Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $72,126 | $34.68 |
| Lower Range (P25) | $89,536 | $43.05 |
| Median (P50)(typical) | $124,356 | $59.79 |
| Upper Range (P75) | $159,175 | $76.52 |
| Top Earners (P90) | $192,752 | $92.67 |
Median Salary Position
14.57% above the national average
2026 Salary Percentile Distribution in Woburn
In Woburn, MA, the financial advisor salary spread from the 10th to 90th percentile is $120,626 (2026 est.). At $124,356, the local median is 14.57% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Woburn: You'd be in the lower-middle range
How Woburn Financial Advisor Pay Compares
Woburn median: $124,356/year (2026)
| Compared To | Median Salary | Woburn Pays |
|---|---|---|
| Massachusetts Average | $130,763 | -4.90% less |
| National Average | $108,537 | +14.57% more |
Financial Advisors in Woburn, MA earn a median of $124,356 per year (2026 est.), which is 14.57% higher than the national median of $108,537 and 4.90% below the Massachusetts state average of $130,763.
Cost-of-Living Adjusted Salary
Woburn has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Woburn, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $124,356 is competitive, the higher cost of living reduces purchasing power to an effective $114,614 — a 7.83% reduction.
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2019 BLS Actual
$100,653
2025 BLS Actual
$120,383
2026 Current Est.
$124,356
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Woburn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,653 | Actual |
| 2020 | $102,349 | Actual |
| 2021 | $107,894 | Actual |
| 2022 | $109,292 | Actual |
| 2023 | $114,093 | Actual |
| 2024 | $156,907 | Actual |
| 2025 | $120,383 | Actual |
| 2026(current) | $124,356 | Estimated |
| 2027 | $128,459 | Projected |
Based on 7 years of BLS OEWS data for the Woburn metropolitan area, the median financial advisor salary grew 19.6% from $100,653 (2019) to $120,383 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,459 by 2027 — a total increase of $27,806 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Woburn 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) | $72,126 – $89,536 |
| 3-5 years (Mid Career) | $89,536 – $124,356 |
| 5+ years (Experienced) | $124,356 – $159,175 |
| 10+ years (Top Earner) | $159,175 – $192,752 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Woburn
Woburn's job market for financial advisors remains robust, with ten professionals currently engaged in this vital sector. The elevated cost of living index at 108.5 indicates that while salaries are appealing, advisors must consider their take-home pay in relation to local expenses. Employers such as Morgan Stanley, Merrill Lynch, and independent broker-dealer firms like LPL and Raymond James typically offer the highest compensation packages, driven by their sheer scale and resources. However, RIAs are increasingly attractive, as they often retain a more significant portion of revenue via fiduciary fees rather than commissions. The disparity in earnings can often be traced back to factors like AUM book size, client portfolio values, and the advisor's professional credentials, such as CFP or CFA designations. For financial advisors looking to maximize their pay in Woburn, focusing on wealth management for high-net-worth clients and building a strong, diversified AUM portfolio can significantly enhance overall compensation.
More salary data for Woburn, 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 $120,383 for financial advisorsin the Woburn 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 Woburn 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