Financial Advisor Salary in Lakewood, NJ: $124,058 (2026)
Quick Answer:A full-time financial advisor in Lakewood, NJ earns a median $124,058/year (≈ $59.65/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Lakewood's price level (15% above national, BEA RPP 115.2), that paycheck buys what $107,689 would nationally. Nominal pay sits 0.8% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Lakewood, NJ, financial advisors enjoy a competitive salary landscape, with a projected median annual income of $124,058 for 2026. This figure reflects a robust earning potential when compared to the national median of $108,537, positioning professionals in the area approximately 14.30% higher than the national average. The salary range here varies significantly, spanning from $71,954 at the 10th percentile to an impressive $192,290 at the 90th percentile, indicating a diverse market for financial advisor pay in Lakewood. These estimates are drawn from BLS state-level data, adjusted for local economic conditions, and illustrate Lakewood's status as a viable place for financial advisory careers amid ongoing changes in the industry.
About the Lakewood Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,954 | $34.60 |
| Lower Range (P25) | $89,321 | $42.94 |
| Median (P50)(typical) | $124,058 | $59.65 |
| Upper Range (P75) | $158,795 | $76.34 |
| Top Earners (P90) | $192,290 | $92.44 |
Median Salary Position
14.30% above the national average
2026 Salary Percentile Distribution in Lakewood
In Lakewood, NJ, the financial advisor salary spread from the 10th to 90th percentile is $120,336 (2026 est.). At $124,058, the local median is 14.3% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Lakewood: You'd be in the lower-middle range
How Lakewood Financial Advisor Pay Compares
Lakewood median: $124,058/year (2026)
| Compared To | Median Salary | Lakewood Pays |
|---|---|---|
| New Jersey Average | $125,059 | -0.80% less |
| National Average | $108,537 | +14.30% more |
Financial Advisors in Lakewood, NJ earn a median of $124,058 per year (2026 est.), which is 14.30% higher than the national median of $108,537 and 0.80% below the New Jersey state average of $125,059.
Cost-of-Living Adjusted Salary
Lakewood has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lakewood, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $124,058 is competitive, the higher cost of living reduces purchasing power to an effective $107,689 — a 13.19% reduction.
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2019 BLS Actual
$100,413
2025 BLS Actual
$120,095
2026 Current Est.
$124,058
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Lakewood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,413 | Actual |
| 2020 | $102,104 | Actual |
| 2021 | $107,636 | Actual |
| 2022 | $109,031 | Actual |
| 2023 | $113,820 | Actual |
| 2024 | $169,163 | Actual |
| 2025 | $120,095 | Actual |
| 2026(current) | $124,058 | Estimated |
| 2027 | $128,152 | Projected |
Based on 7 years of BLS OEWS data for the Lakewood metropolitan area, the median financial advisor salary grew 19.6% from $100,413 (2019) to $120,095 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,152 by 2027 — a total increase of $27,739 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakewood 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) | $71,954 – $89,321 |
| 3-5 years (Mid Career) | $89,321 – $124,058 |
| 5+ years (Experienced) | $124,058 – $158,795 |
| 10+ years (Top Earner) | $158,795 – $192,290 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Lakewood
The financial advisory job market in Lakewood comprises 31 professionals, providing a localized yet competitive environment. With a cost-of-living index at 115.2, the purchasing power can be a concern, but the higher salaries help offset some of the increased living expenses. Employers in the area, including major wirehouses like Morgan Stanley and Merrill Lynch, along with independent broker-dealers and RIAs, tend to offer varying compensation structures. Notably, wealth management firms and fee-only fiduciary businesses are increasingly popular, often providing more attractive pay models based on assets under management. The potential for higher earnings often depends on factors such as client concentration, credentials like the CFP or CFA, and equity stakes within firms. Advisors in Lakewood should consider joining independent RIAs or enhancing their qualifications to maximize potential income, especially as the trend toward fee-based financial advising continues to grow.
More salary data for Lakewood, 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 $120,095 for financial advisorsin the Lakewood 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 Lakewood 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