Financial Advisor Salary in Santa Fe, NM: $143,370 (2026)
Quick Answer:A full-time financial advisor in Santa Fe, NM earns a median $143,370/year (≈ $68.92/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Santa Fe's price level (1% below national, BEA RPP 98.8), that paycheck buys what $145,160 would nationally. Nominal pay sits 39.9% above the New Mexico state average.
Official BLS data · View source
In Santa Fe, NM, financial advisors can expect a median annual salary of $143,370 in 2026, reflecting a significant increase relative to national figures. The salary range stretches from $81,101 at the 10th percentile to an impressive $352,635 at the 90th percentile, as indicated by official Bureau of Labor Statistics (BLS) OEWS surveys. This local compensation scenario highlights the growing prominence of certified financial planning (CFP) professionals and the rising trend of fee-only fiduciary services. With a job market comprising around 110 financial advisors, Santa Fe is becoming increasingly competitive, pointing to robust growth opportunities for those in the profession.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $81,101 | $39.00 |
| Lower Range (P25) | $89,819 | $43.18 |
| Median (P50)(typical) | $143,370 | $68.92 |
| Upper Range (P75) | $215,887 | $103.80 |
| Top Earners (P90) | $352,635 | $169.54 |
Median Salary Position
32.09% above the national average
2026 Salary Percentile Distribution in Santa Fe
In Santa Fe, NM, the financial advisor salary spread from the 10th to 90th percentile is $271,534 (2026 est.). At $143,370, the local median is 32.09% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Santa Fe: You'd be in the entry-level range
How Santa Fe Financial Advisor Pay Compares
Santa Fe median: $143,370/year (2026)
| Compared To | Median Salary | Santa Fe Pays |
|---|---|---|
| New Mexico Average | $102,480 | +39.90% more |
| National Average | $108,537 | +32.09% more |
Financial Advisors in Santa Fe, NM earn a median of $143,370 per year (2026 est.), which is 32.09% higher than the national median of $108,537 and 39.90% above the New Mexico state average of $102,480.
Cost-of-Living Adjusted Salary
Santa Fe has a cost of living 1.23% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Santa Fe, NM has a cost-of-living index of 98.767 (below the national average of 100). A financial advisor earning $143,370 nominally has purchasing power equivalent to $145,160 in an average-cost city — an effective 1.25% boost.
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2019 BLS Actual
$173,520
2025 BLS Actual
$138,790
2026 Current Est.
$143,370
2019–2027 Growth
+-14.6%
Salary Trajectory for Financial Advisors in Santa Fe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $173,520 | Actual |
| 2020 | $92,800 | Actual |
| 2021 | $82,440 | Actual |
| 2022 | $79,560 | Actual |
| 2023 | $98,260 | Actual |
| 2024 | $92,370 | Actual |
| 2025 | $138,790 | Actual |
| 2026(current) | $143,370 | Estimated |
| 2027 | $148,101 | Projected |
Based on 7 years of BLS OEWS data for the Santa Fe metropolitan area, the median financial advisor salary grew -20.0% from $173,520 (2019) to $138,790 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $148,101 by 2027 — a total increase of $-25,419 (-14.65%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Santa Fe 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) | $81,101 – $89,819 |
| 3-5 years (Mid Career) | $89,819 – $143,370 |
| 5+ years (Experienced) | $143,370 – $215,887 |
| 10+ years (Top Earner) | $215,887 – $352,635 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Santa Fe
The financial advisor pay in Santa Fe, NM, is not just about numbers on a paycheck; the cost of living, indexed at 98.767, allows for enhanced purchasing power relative to many other regions. Many top employers, including wirehouses like Morgan Stanley and independent broker-dealers such as Raymond James, tend to offer the highest salaries in the area. The variation in pay can be largely attributed to factors such as assets under management (AUM) and whether advisors operate under a commission or fee-only model. Advisors affiliated with Registered Investment Advisors (RIAs) can expect to command higher pay due to their fiduciary obligations, while those transitioning from wirehouses often benefit from lucrative breakaway packages. To maximize their earnings, aspiring and current financial advisors in Santa Fe should consider enhancing their qualifications with advanced certifications and strategically targeting high-net-worth clients, as these factors significantly influence compensation levels.
More salary data for Santa Fe, 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 $138,790 for financial advisorsin the Santa Fe 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
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