Financial Advisor Salary in Hoboken, NJ: $121,146 (2026)
Quick Answer:A full-time financial advisor in Hoboken, NJ earns a median $121,146/year (≈ $58.24/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Hoboken's price level (15% above national, BEA RPP 115.2), that paycheck buys what $105,161 would nationally. Nominal pay sits 3.1% below the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Hoboken, New Jersey, expect to earn a median annual salary of $121,146, which is notably higher than the national median of $108,537. With a salary range extending from $70,265 at the 10th percentile to $187,777 at the 90th percentile, the earning potential for those in financial planning varies widely based on experience, client base, and fee structure. These figures derive from estimates based on 2025 BLS data and adjust for regional cost variables, reflecting the unique economic landscape of Hoboken, where financial advisory careers are thriving. The growth rate of 3.30% suggests a solid demand for these professionals, capturing the evolving dynamics of the financial advisory market.
About the Hoboken Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $70,265 | $33.78 |
| Lower Range (P25) | $87,225 | $41.94 |
| Median (P50)(typical) | $121,146 | $58.24 |
| Upper Range (P75) | $155,067 | $74.55 |
| Top Earners (P90) | $187,777 | $90.27 |
Median Salary Position
11.62% above the national average
2026 Salary Percentile Distribution in Hoboken
In Hoboken, NJ, the financial advisor salary spread from the 10th to 90th percentile is $117,512 (2026 est.). At $121,146, the local median is 11.62% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Hoboken: You'd be in the lower-middle range
How Hoboken Financial Advisor Pay Compares
Hoboken median: $121,146/year (2026)
| Compared To | Median Salary | Hoboken Pays |
|---|---|---|
| New Jersey Average | $125,022 | -3.10% less |
| National Average | $108,537 | +11.62% more |
Financial Advisors in Hoboken, NJ earn a median of $121,146 per year (2026 est.), which is 11.62% higher than the national median of $108,537 and 3.10% below the New Jersey state average of $125,022.
Cost-of-Living Adjusted Salary
Hoboken has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hoboken, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $121,146 is competitive, the higher cost of living reduces purchasing power to an effective $105,161 — a 13.19% reduction.
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2019 BLS Actual
$98,056
2025 BLS Actual
$117,276
2026 Current Est.
$121,146
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Hoboken (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $98,056 | Actual |
| 2020 | $99,707 | Actual |
| 2021 | $105,110 | Actual |
| 2022 | $106,471 | Actual |
| 2023 | $111,148 | Actual |
| 2024 | $165,192 | Actual |
| 2025 | $117,276 | Actual |
| 2026(current) | $121,146 | Estimated |
| 2027 | $125,144 | Projected |
Based on 7 years of BLS OEWS data for the Hoboken metropolitan area, the median financial advisor salary grew 19.6% from $98,056 (2019) to $117,276 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $125,144 by 2027 — a total increase of $27,088 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoboken 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) | $70,265 – $87,225 |
| 3-5 years (Mid Career) | $87,225 – $121,146 |
| 5+ years (Experienced) | $121,146 – $155,067 |
| 10+ years (Top Earner) | $155,067 – $187,777 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Hoboken
Hoboken's job market for financial advisors comprises a tight-knit group of just 15 professionals, which signals a competitive landscape for employment opportunities. The local cost of living, indexed at 115.2, influences take-home pay and purchasing power, emphasizing the importance of compensation packages that reflect both base salary and potential bonuses. Employers in Hoboken, including wirehouses like JPM Private Bank and Morgan Stanley, typically offer the most lucrative financial advisor pay. Meanwhile, the disparity in salaries can often be attributed to varying business models, with RIAs generally taking a fee-based approach based on assets under management, which can lead to higher long-term earnings. Those looking to maximize their financial advisor salary in Hoboken are advised to consider obtaining advanced credentials like the CFP or CFA, which can command higher fees and attract high-net-worth clients. Additionally, branching out into independent advisory roles may provide a pathway to better compensation through equity stakes and lower overhead costs compared to traditional wirehouse models.
More salary data for Hoboken, 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 $117,276 for financial advisorsin the Hoboken 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 Hoboken 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