Financial Advisor Salary in Newark, NJ: $175,922 (2026)
Quick Answer:A full-time financial advisor in Newark, NJ earns a median $175,922/year (≈ $84.58/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Newark's price level (15% above national, BEA RPP 115.2), that paycheck buys what $152,710 would nationally. Nominal pay sits 40.7% above the New Jersey state average.
Based on BLS state-level estimates · View source
In Newark, New Jersey, the financial advisor salary landscape is notably influenced by the structural divide between wirehouses and Registered Investment Advisors (RIAs). In 2026, the median annual salary for financial advisors is projected to be $175,922, significantly higher than the national median of $108,537. The salary range spans from $102,035 at the 10th percentile to $272,679 at the 90th percentile. This data, sourced from BLS state-level estimates and adjusted for regional cost variations, reflects a robust compensation environment for financial advisors, shaped by the assets under management (AUM) fee model that prevails among RIAs and contrasts with commission-based earnings at traditional wirehouses. As firms in Newark adapt to changing financial planning dynamics, the compensation frameworks evolve, marking the city as a competitive market for aspiring financial advisors.
About the Newark Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $102,035 | $49.06 |
| Lower Range (P25) | $126,663 | $60.90 |
| Median (P50)(typical) | $175,922 | $84.58 |
| Upper Range (P75) | $225,181 | $108.26 |
| Top Earners (P90) | $272,679 | $131.10 |
Median Salary Position
62.08% above the national average
2026 Salary Percentile Distribution in Newark
In Newark, NJ, the financial advisor salary spread from the 10th to 90th percentile is $170,644 (2026 est.). At $175,922, the local median is 62.08% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Newark: You'd be in the lower-middle range
How Newark Financial Advisor Pay Compares
Newark median: $175,922/year (2026)
| Compared To | Median Salary | Newark Pays |
|---|---|---|
| New Jersey Average | $125,033 | +40.70% more |
| National Average | $108,537 | +62.08% more |
Financial Advisors in Newark, NJ earn a median of $175,922 per year (2026 est.), which is 62.08% higher than the national median of $108,537 and 40.70% above the New Jersey state average of $125,033.
Cost-of-Living Adjusted Salary
Newark has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newark, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $175,922 is competitive, the higher cost of living reduces purchasing power to an effective $152,710 — a 13.19% reduction.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$142,391
2025 BLS Actual
$170,302
2026 Current Est.
$175,922
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $142,391 | Actual |
| 2020 | $144,790 | Actual |
| 2021 | $152,635 | Actual |
| 2022 | $154,612 | Actual |
| 2023 | $161,404 | Actual |
| 2024 | $179,286 | Actual |
| 2025 | $170,302 | Actual |
| 2026(current) | $175,922 | Estimated |
| 2027 | $181,727 | Projected |
Based on 7 years of BLS OEWS data for the Newark metropolitan area, the median financial advisor salary grew 19.6% from $142,391 (2019) to $170,302 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $181,727 by 2027 — a total increase of $39,336 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newark 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) | $102,035 – $126,663 |
| 3-5 years (Mid Career) | $126,663 – $175,922 |
| 5+ years (Experienced) | $175,922 – $225,181 |
| 10+ years (Top Earner) | $225,181 – $272,679 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Newark
With 61 financial advisors currently employed in Newark, the city presents a healthy job market for professionals in this field. However, the cost-of-living index stands at 115.2, which means advisors must consider local purchasing power when assessing their salaries. Financial institutions vary in compensation, with wirehouses like Morgan Stanley and Merrill Lynch often leading the pay scale, followed by independent broker-dealers and RIAs. The disparity in compensation can be attributed to factors such as client base size, investment strategies, and the financial credentials held by advisors, including certifications like the CFP or CFA designations. To maximize their earning potential in this competitive environment, financial advisors should focus on building high-net-worth client relationships, understanding the intricacies of fiduciary responsibilities, and capitalizing on potential breakaway transition bonuses from large firms. It’s essential for professionals to strategize based on the evolving dynamics of the financial services industry in Newark, NJ.
More salary data for Newark, NJ:
Frequently Asked Questions
How much do financial advisors make in Newark, NJ in 2026?
Is Newark, NJ a good place to work as a financial advisor?
Can financial advisors make $100K in Newark?
What is the cost-of-living adjusted financial advisor salary in Newark?
How much does a financial advisor make per hour in Newark?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in New Jersey
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 $170,302 for financial advisorsin the Newark 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 Newark 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