Financial Advisor Salary in Farmington, NM: $100,980 (2026)
Quick Answer:A full-time financial advisor in Farmington, NM earns a median $100,980/year (≈ $48.55/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Farmington's price level (6% below national, BEA RPP 94.4), that paycheck buys what $106,970 would nationally. Nominal pay sits 1.4% below the New Mexico state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Farmington, New Mexico, can expect a median annual salary of $100,980, placing the local market about 6.96% below the national median of $108,537. Salaries range considerably, with the lower 10% earning around $58,568 and the upper 90% seeing compensation as high as $156,519. These figures, derived from 2025 BLS estimates and adjusted for regional price parity, reflect the growing demands of the financial advising field. The structural divide between wirehouses and fee-only fiduciaries heavily influences compensation dynamics. For many professionals in Farmington, the assets under management (AUM) model employed by registered investment advisors (RIAs) contrasts sharply with the commission-based structure typical of larger broker-dealers, impacting overall earning potential significantly.
About the Farmington Market
Salary estimated from New Mexico average ($85,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $58,568 | $28.16 |
| Lower Range (P25) | $72,706 | $34.96 |
| Median (P50)(typical) | $100,980 | $48.55 |
| Upper Range (P75) | $129,254 | $62.15 |
| Top Earners (P90) | $156,519 | $75.25 |
Median Salary Position
6.96% below the national average
2026 Salary Percentile Distribution in Farmington
In Farmington, NM, the financial advisor salary spread from the 10th to 90th percentile is $97,951 (2026 est.). At $100,980, the local median is 6.96% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Farmington: You'd be in the lower-middle range
How Farmington Financial Advisor Pay Compares
Farmington median: $100,980/year (2026)
| Compared To | Median Salary | Farmington Pays |
|---|---|---|
| New Mexico Average | $102,414 | -1.40% less |
| National Average | $108,537 | -6.96% less |
Financial Advisors in Farmington, NM earn a median of $100,980 per year (2026 est.), which is 6.96% lower than the national median of $108,537 and 1.40% below the New Mexico state average of $102,414.
Cost-of-Living Adjusted Salary
Farmington has a cost of living 5.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Farmington, NM has a cost-of-living index of 94.4 (below the national average of 100). A financial advisor earning $100,980 nominally has purchasing power equivalent to $106,970 in an average-cost city — an effective 5.93% boost.
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2019 BLS Actual
$81,733
2025 BLS Actual
$97,754
2026 Current Est.
$100,980
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Farmington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,733 | Actual |
| 2020 | $83,110 | Actual |
| 2021 | $87,613 | Actual |
| 2022 | $88,748 | Actual |
| 2023 | $92,646 | Actual |
| 2024 | $79,081 | Actual |
| 2025 | $97,754 | Actual |
| 2026(current) | $100,980 | Estimated |
| 2027 | $104,312 | Projected |
Based on 7 years of BLS OEWS data for the Farmington metropolitan area, the median financial advisor salary grew 19.6% from $81,733 (2019) to $97,754 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $104,312 by 2027 — a total increase of $22,579 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Farmington 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) | $58,568 – $72,706 |
| 3-5 years (Mid Career) | $72,706 – $100,980 |
| 5+ years (Experienced) | $100,980 – $129,254 |
| 10+ years (Top Earner) | $129,254 – $156,519 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Farmington
Currently, there are only 8 financial advisors employed in Farmington, which suggests a niche market that may offer unique opportunities for growth. The local cost of living, with an index of 94.4, further underscores the competitive nature of financial advisor salaries. Employers such as Morgan Stanley and Wells Fargo can often provide higher pay than smaller independent firms, mainly due to access to more extensive client bases and significant AUM. The varying salary levels are attributed to factors such as client concentration, the influencer effect of credentials like CFP or CFA designations, and the fee structures in place at different types of firms. Financial advisors wanting to maximize their pay potential should consider the advantages of building a strong client base and possibly transitioning to RIA models, enhancing their value proposition in a market defined by evolving client preferences and fiduciary responsibilities.
More salary data for Farmington, NM:
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 $97,754 for financial advisorsin the Farmington 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 Farmington 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