Financial Advisor Salary in Bloomfield, NJ: $122,077 (2026)
Quick Answer:A full-time financial advisor in Bloomfield, NJ earns a median $122,077/year (≈ $58.70/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Bloomfield's price level (15% above national, BEA RPP 115.2), that paycheck buys what $105,970 would nationally. Nominal pay sits 2.4% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Bloomfield, NJ, the financial advisor salary is projected to reach a median of $122,077 in 2026, significantly surpassing the national median of $108,537. This figure reflects the unique financial landscape of the area, where compensation is heavily influenced by the structural divide between wirehouses and Registered Investment Advisors (RIAs). Advisors under the AUM (assets under management) model typically see a range of earnings that spans from $70,805 at the 10th percentile to $189,219 at the 90th percentile. With salary figures derived from regional price adjustments and state-level data, Bloomfield offers a distinctive job market for financial advisors, shaped by local demand and the evolving nature of financial advisory practices.
About the Bloomfield Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $70,805 | $34.04 |
| Lower Range (P25) | $87,895 | $42.26 |
| Median (P50)(typical) | $122,077 | $58.70 |
| Upper Range (P75) | $156,259 | $75.12 |
| Top Earners (P90) | $189,219 | $90.97 |
Median Salary Position
12.48% above the national average
2026 Salary Percentile Distribution in Bloomfield
In Bloomfield, NJ, the financial advisor salary spread from the 10th to 90th percentile is $118,414 (2026 est.). At $122,077, the local median is 12.48% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Bloomfield: You'd be in the lower-middle range
How Bloomfield Financial Advisor Pay Compares
Bloomfield median: $122,077/year (2026)
| Compared To | Median Salary | Bloomfield Pays |
|---|---|---|
| New Jersey Average | $125,079 | -2.40% less |
| National Average | $108,537 | +12.48% more |
Financial Advisors in Bloomfield, NJ earn a median of $122,077 per year (2026 est.), which is 12.48% higher than the national median of $108,537 and 2.40% below the New Jersey state average of $125,079.
Cost-of-Living Adjusted Salary
Bloomfield has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomfield, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $122,077 is competitive, the higher cost of living reduces purchasing power to an effective $105,970 — a 13.19% reduction.
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2019 BLS Actual
$98,809
2025 BLS Actual
$118,177
2026 Current Est.
$122,077
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Bloomfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $98,809 | Actual |
| 2020 | $100,474 | Actual |
| 2021 | $105,917 | Actual |
| 2022 | $107,289 | Actual |
| 2023 | $112,002 | Actual |
| 2024 | $166,462 | Actual |
| 2025 | $118,177 | Actual |
| 2026(current) | $122,077 | Estimated |
| 2027 | $126,105 | Projected |
Based on 7 years of BLS OEWS data for the Bloomfield metropolitan area, the median financial advisor salary grew 19.6% from $98,809 (2019) to $118,177 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $126,105 by 2027 — a total increase of $27,296 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomfield 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) | $70,805 – $87,895 |
| 3-5 years (Mid Career) | $87,895 – $122,077 |
| 5+ years (Experienced) | $122,077 – $156,259 |
| 10+ years (Top Earner) | $156,259 – $189,219 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Bloomfield
The job market for financial advisors in Bloomfield consists of approximately 11 employed professionals, providing a compact yet potentially lucrative environment. The cost of living in Bloomfield, indexed at 115.2, suggests higher living expenses relative to the national average, challenging advisors to maximize their take-home income. Among local employers, wirehouses like Morgan Stanley and Merrill Lynch are traditionally known to offer higher salaries compared to RIAs, where fee structures fluctuate more based on AUM. Factors driving the pay spectrum include the advisor's book size, client concentration, and if they carry credentials like CFP or CFA. For those in Bloomfield looking to optimize their financial advisor pay, focusing on high-net-worth clients, leveraging partner equity in RIAs, or transitioning from wirehouses can enhance compensation, providing local opportunities for growth even amidst a competitive landscape.
More salary data for Bloomfield, NJ:
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 $118,177 for financial advisorsin the Bloomfield 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 Bloomfield 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