Financial Advisor Salary in Westfield, NJ: $121,657 (2026)
Quick Answer:A full-time financial advisor in Westfield, NJ earns a median $121,657/year (≈ $58.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Westfield's price level (15% above national, BEA RPP 115.2), that paycheck buys what $105,605 would nationally. Nominal pay sits 2.7% below the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Westfield, NJ, can expect a median annual salary of $121,657, reflecting a competitive market that outpaces the national median of $108,537 by 12.09%. The salary range for financial advisors here spans from $70,561 at the 10th percentile to $188,569 at the 90th percentile, indicating significant variability in earnings. This local compensation estimate is influenced by factors such as the growing trend toward fee-only fiduciary services and the recognition of the CFP credential as the gold standard in financial planning. As firms increasingly seek to attract and retain highly qualified advisors, the Westfield market reflects this shift, offering opportunities tailored to those with advanced credentials and a client-centered approach.
About the Westfield Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $70,561 | $33.92 |
| Lower Range (P25) | $88,739 | $42.66 |
| Median (P50)(typical) | $121,657 | $58.49 |
| Upper Range (P75) | $155,722 | $74.86 |
| Top Earners (P90) | $188,569 | $90.66 |
Median Salary Position
12.09% above the national average
2026 Salary Percentile Distribution in Westfield
In Westfield, NJ, the financial advisor salary spread from the 10th to 90th percentile is $118,008 (2026 est.). At $121,657, the local median is 12.09% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Westfield: You'd be in the lower-middle range
How Westfield Financial Advisor Pay Compares
Westfield median: $121,657/year (2026)
| Compared To | Median Salary | Westfield Pays |
|---|---|---|
| New Jersey Average | $125,033 | -2.70% less |
| National Average | $108,537 | +12.09% more |
Financial Advisors in Westfield, NJ earn a median of $121,657 per year (2026 est.), which is 12.09% higher than the national median of $108,537 and 2.70% below the New Jersey state average of $125,033.
Cost-of-Living Adjusted Salary
Westfield has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Westfield, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $121,657 is competitive, the higher cost of living reduces purchasing power to an effective $105,605 — a 13.19% reduction.
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2019 BLS Actual
$98,469
2025 BLS Actual
$117,771
2026 Current Est.
$121,657
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Westfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $98,469 | Actual |
| 2020 | $100,128 | Actual |
| 2021 | $105,553 | Actual |
| 2022 | $106,921 | Actual |
| 2023 | $111,617 | Actual |
| 2024 | $165,890 | Actual |
| 2025 | $117,771 | Actual |
| 2026(current) | $121,657 | Estimated |
| 2027 | $125,672 | Projected |
Based on 7 years of BLS OEWS data for the Westfield metropolitan area, the median financial advisor salary grew 19.6% from $98,469 (2019) to $117,771 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $125,672 by 2027 — a total increase of $27,203 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westfield 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) | $70,561 – $88,739 |
| 3-5 years (Mid Career) | $88,739 – $121,657 |
| 5+ years (Experienced) | $121,657 – $155,722 |
| 10+ years (Top Earner) | $155,722 – $188,569 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Westfield
Analyzing the job market in Westfield reveals that only seven financial advisors are currently employed in the area, emphasizing a tight-knit professional community. The cost of living index stands at 115.2, indicating that living expenses are above the national average, which can affect take-home earnings and overall purchasing power for advisors. Among employers, wirehouses like Morgan Stanley and Merrill Lynch typically offer higher compensation packages, benefiting from larger asset bases under management. However, independent registered investment advisors (RIAs) often attract talent by providing a more favorable fee model and the potential for partner equity. Factors such as client concentration, the advisor's asset management strategies, and any transition incentives can create notable disparities in earnings potential. To maximize financial advisor pay in Westfield, one should explore opportunities with RIAs or establish a strong personal brand, focusing on attracting high-net-worth clients and securing AUM that can substantially enhance income.
More salary data for Westfield, 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 $117,771 for financial advisorsin the Westfield 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 Westfield 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