Financial Advisor Salary in New Mexico: $104,773 (2026)
Quick Answer:Across New Mexico's 17 metropolitan areas, the average median financial advisor pay sits at $104,773/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because New Mexico sits at BEA RPP 94.4 (6% below the U.S. baseline), that statewide median translates to roughly $110,988 in nationally-comparable purchasing power. Highest-paying metros: Santa Fe ($138,790), Rio Rancho ($102,089), Farmington ($97,754).
In 2026, financial advisors in New Mexico are projected to earn an average median salary of $104,773, slightly below the national median of $108,537, reflecting a difference of -3.5%. The highest-paying city, Santa Fe, offers $143,370, while Las Cruces, the lowest, is at $75,399. This $67,971 salary gap can largely be attributed to variations in the cost of living, client demographics, and local economic conditions that influence demand for financial services. New Mexico’s licensing requirements mandate specific education and examination criteria, which financial advisors must meet to practice. Scope of practice laws vary and can impact the types of financial products advisors can offer, thereby influencing earnings potential. The local demand for financial planning services is driven by factors such as population growth, retirement planning needs, and investment management. The overall job market for financial advisors in New Mexico is projected to grow at a stable rate of 3.30% annually. With 570 financial advisors currently employed across the state, opportunities may increase as the demand for financial services continues to evolve, particularly in urban areas like Santa Fe and Rio Rancho, where salary figures reflect greater economic activity and higher earning potential.
New Mexico Financial Advisor Salary Range
Overall salary range in New Mexico: $38,841 (lowest entry-level) to $510,023 (highest top earner)
New Mexico vs National Average
New Mexico financial advisors earn 3.47% less than the national median ($-3,764/year difference).
New Mexico Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in New Mexico range from $64,347 (entry-level, 10th percentile) to $376,184 (top earners, 90th percentile), with a median of $104,773. The New Mexico median is $3,764 below the US national median of $108,537. The average hourly rate is $50.37/hr. Approximately 570 financial advisors are employed across 17 cities.
2019 BLS Actual
$108,912
2025 BLS Actual
$101,426
2026 Current Est.
$104,773
2019–2027 Growth
+-0.6%
Salary Trajectory for Financial Advisors in New Mexico (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $108,912 | Actual |
| 2020 | $77,524 | Actual |
| 2021 | $82,496 | Actual |
| 2022 | $79,275 | Actual |
| 2023 | $91,159 | Actual |
| 2024 | $78,554 | Actual |
| 2025 | $101,426 | Actual |
| 2026(current) | $104,773 | Estimated |
| 2027 | $108,230 | Projected |
Based on 7 years of BLS OEWS data for the New Mexico metropolitan area, the median financial advisor salary grew -6.9% from $108,912 (2019) to $101,426 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $108,230 by 2027 — a total increase of $-682 (-0.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the New Mexico 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.
Top 5 Highest Paying Cities in New Mexico
Lowest Paying Cities in New Mexico
| City | Median Salary |
|---|---|
| Las Cruces | $75,399 |
| Taos | $94,258 |
| Los Alamos | $94,436 |
| Los Lunas | $95,229 |
| Las Vegas | $95,245 |
Best Value Cities for Financial Advisors in New Mexico
When adjusted for local cost of living, these New Mexico cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Santa Fe | $143,370 | 98.767 | $145,160 |
| Rio Rancho | $105,458 | 94.4 | $111,714 |
| Farmington | $100,980 | 94.4 | $106,970 |
| Roswell | $100,511 | 94.4 | $106,474 |
| Alamogordo | $99,683 | 94.4 | $105,596 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in New Mexico
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $64,347 |
| Mid Career (3-7 years) | $104,773 |
| Experienced (7+ years) | $376,184 |
Estimates based on BLS percentile data averaged across New Mexico metro areas. Individual pay varies by employer, certifications, and specialization.
All 17 Cities in New Mexico
| # | City | Median Salary |
|---|---|---|
| 1 | Santa Fe | $143,370 |
| 2 | Rio Rancho | $105,458 |
| 3 | Farmington | $100,980 |
| 4 | Roswell | $100,511 |
| 5 | Alamogordo | $99,683 |
| 6 | Hobbs | $99,628 |
| 7 | South Valley | $99,223 |
| 8 | Albuquerque | $99,158 |
| 9 | Clovis | $97,298 |
| 10 | Carlsbad | $97,147 |
| 11 | Deming | $95,599 |
| 12 | Gallup | $95,260 |
| 13 | Las Vegas | $95,245 |
| 14 | Los Lunas | $95,229 |
| 15 | Los Alamos | $94,436 |
| 16 | Taos | $94,258 |
| 17 | Las Cruces | $75,399 |
More New Mexico Salary Data
Hourly Rates
Explore financial advisor hourly pay in New Mexico cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in New Mexico in 2026?
What is the highest paying city for financial advisors in New Mexico?
How does New Mexico financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in New Mexico?
How many financial advisors are employed in New Mexico?
Which New Mexico city offers the best value for financial advisors?
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
Statewide 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. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 financial advisor compensation across New Mexico. State averages are employment-weighted across 17 metro areas — larger metro areas with more financial advisorscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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