Financial Advisor Salary in Union City, NJ: $123,314 (2026)
Quick Answer:A full-time financial advisor in Union City, NJ earns a median $123,314/year (≈ $59.28/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Union City's price level (15% above national, BEA RPP 115.2), that paycheck buys what $107,043 would nationally. Nominal pay sits 1.4% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Union City, New Jersey, financial advisors can expect a median annual salary of $123,314 in 2026, which is significantly higher than the national median of $108,537, reflecting a 13.61% premium. Salaries in this sector span from $71,523 at the 10th percentile to $191,137 at the 90th percentile. These figures are contingent upon the structural divide between wirehouses and RIAs (Registered Investment Advisors), with compensation often determined by the assets under management (AUM) model. As the industry continues to evolve, the job market here remains dynamic, influenced by increasing demand for independent advisors and fiduciary services, particularly in a region where financial literacy and investment engagement are on the rise.
About the Union City Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,523 | $34.39 |
| Lower Range (P25) | $88,786 | $42.68 |
| Median (P50)(typical) | $123,314 | $59.28 |
| Upper Range (P75) | $157,842 | $75.88 |
| Top Earners (P90) | $191,137 | $91.90 |
Median Salary Position
13.61% above the national average
2026 Salary Percentile Distribution in Union City
In Union City, NJ, the financial advisor salary spread from the 10th to 90th percentile is $119,614 (2026 est.). At $123,314, the local median is 13.61% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Union City: You'd be in the lower-middle range
How Union City Financial Advisor Pay Compares
Union City median: $123,314/year (2026)
| Compared To | Median Salary | Union City Pays |
|---|---|---|
| New Jersey Average | $125,065 | -1.40% less |
| National Average | $108,537 | +13.61% more |
Financial Advisors in Union City, NJ earn a median of $123,314 per year (2026 est.), which is 13.61% higher than the national median of $108,537 and 1.40% below the New Jersey state average of $125,065.
Cost-of-Living Adjusted Salary
Union City has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Union City, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $123,314 is competitive, the higher cost of living reduces purchasing power to an effective $107,043 — a 13.19% reduction.
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2019 BLS Actual
$99,811
2025 BLS Actual
$119,375
2026 Current Est.
$123,314
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Union City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,811 | Actual |
| 2020 | $101,492 | Actual |
| 2021 | $106,991 | Actual |
| 2022 | $108,377 | Actual |
| 2023 | $113,138 | Actual |
| 2024 | $168,150 | Actual |
| 2025 | $119,375 | Actual |
| 2026(current) | $123,314 | Estimated |
| 2027 | $127,384 | Projected |
Based on 7 years of BLS OEWS data for the Union City metropolitan area, the median financial advisor salary grew 19.6% from $99,811 (2019) to $119,375 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $127,384 by 2027 — a total increase of $27,573 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Union City 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) | $71,523 – $88,786 |
| 3-5 years (Mid Career) | $88,786 – $123,314 |
| 5+ years (Experienced) | $123,314 – $157,842 |
| 10+ years (Top Earner) | $157,842 – $191,137 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Union City
The local job market for financial advisors in Union City currently employs around 17 professionals, indicating a niche yet solid demand for these roles. However, the area’s cost of living index at 115.2 suggests that while salaries may appear robust, the purchasing power may not be as favorable when considering local expenses. Among the various employers, wirehouses such as Morgan Stanley and Merrill Lynch tend to offer competitive pay, though RIAs are gaining traction, often providing better long-term payment structures due to their assets under management model. The spread in compensation can be attributed to several factors, including client concentration, the fee structure (1% AUM for RIAs versus commission-based models at wirehouses), and the credential premiums associated with CFP and CFA designations. For those looking to maximize their financial advisor pay in Union City, establishing a strong client base and considering independent advisory routes may yield the best financial outcomes.
More salary data for Union City, 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 $119,375 for financial advisorsin the Union City 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 Union City 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