Financial Advisor Salary in New York: $168,671 (2026)
Quick Answer:Across New York's 39 metropolitan areas, the average median financial advisor pay sits at $168,671/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because New York sits at BEA RPP 115.9 (16% above the U.S. baseline), that statewide median translates to roughly $145,531 in nationally-comparable purchasing power. Highest-paying metros: New York ($170,050), Ithaca ($130,940), Troy ($127,077).
In 2026, the average median salary for financial advisors in New York is projected to be $168,671, significantly higher than the national median of $108,537, reflecting a difference of +55.4%. The highest paying city in the state is New York, with a salary of $175,662, while Rochester presents the lowest at $104,488, resulting in a salary gap of $71,174. This disparity is influenced by factors such as the concentration of high-net-worth clients in urban areas like New York City compared to more suburban or rural settings like Rochester. New York has specific state licensing requirements and scope of practice laws that can impact a financial advisor's ability to operate and serve clients. The demand for financial advisors in New York is driven by a large population, a diverse economy, and a growing emphasis on financial planning and investment management. Employment projections indicate a solid growth rate of 3.30% for this profession. As of 2026, the total number of employed financial advisors in New York is expected to be 27,168, indicating a healthy job market for new entrants to the field. The projected top cities for salaries include Ithaca at $135,261, Troy at $131,271, Yonkers at $130,628, and Syracuse at $130,602, each offering better than average compensation in relation to national figures.
New York Financial Advisor Salary Range
Overall salary range in New York: $57,569 (lowest entry-level) to $464,395 (highest top earner)
New York vs National Average
New York financial advisors earn 55.40% more than the national median (+$60,134/year difference).
New York Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in New York range from $81,762 (entry-level, 10th percentile) to $424,477 (top earners, 90th percentile), with a median of $168,671. The New York median is $60,134 above the US national median of $108,537. The average hourly rate is $81.09/hr. Approximately 27,168 financial advisors are employed across 39 cities.
2019 BLS Actual
$136,489
2025 BLS Actual
$163,283
2026 Current Est.
$168,671
2019–2027 Growth
+27.7%
Salary Trajectory for Financial Advisors in New York (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $136,489 | Actual |
| 2020 | $141,632 | Actual |
| 2021 | $126,522 | Actual |
| 2022 | $161,389 | Actual |
| 2023 | $161,170 | Actual |
| 2024 | $162,762 | Actual |
| 2025 | $163,283 | Actual |
| 2026(current) | $168,671 | Estimated |
| 2027 | $174,237 | Projected |
Based on 7 years of BLS OEWS data for the New York metropolitan area, the median financial advisor salary grew 19.6% from $136,489 (2019) to $163,283 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $174,237 by 2027 — a total increase of $37,748 (27.66%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the New York 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 York
Lowest Paying Cities in New York
| City | Median Salary |
|---|---|
| Rochester | $104,488 |
| Binghamton | $107,008 |
| Buffalo | $107,070 |
| Newburgh | $115,316 |
| Cortland | $117,261 |
Best Value Cities for Financial Advisors in New York
When adjusted for local cost of living, these New York cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| New York | $175,662 | 112.563 | $156,057 |
| Utica | $127,348 | 92.678 | $137,409 |
| Syracuse | $130,602 | 95.742 | $136,410 |
| Ithaca | $135,261 | 103.317 | $130,918 |
| Albany | $128,722 | 99.566 | $129,283 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in New York
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $81,762 |
| Mid Career (3-7 years) | $168,671 |
| Experienced (7+ years) | $424,477 |
Estimates based on BLS percentile data averaged across New York metro areas. Individual pay varies by employer, certifications, and specialization.
All 39 Cities in New York
| # | City | Median Salary |
|---|---|---|
| 1 | New York | $175,662 |
| 2 | Ithaca | $135,261 |
| 3 | Troy | $131,271 |
| 4 | Yonkers | $130,628 |
| 5 | Syracuse | $130,602 |
| 6 | Albany | $128,722 |
| 7 | New Rochelle | $127,936 |
| 8 | Utica | $127,348 |
| 9 | Mount Vernon | $126,503 |
| 10 | Watertown | $126,289 |
| 11 | Rome | $126,050 |
| 12 | Schenectady | $125,926 |
| 13 | Long Beach | $125,529 |
| 14 | Niagara Falls | $125,460 |
| 15 | Spring Valley | $124,116 |
| 16 | White Plains | $123,952 |
| 17 | Jamestown | $123,800 |
| 18 | Valley Stream | $123,602 |
| 19 | Middletown | $123,088 |
| 20 | Hempstead | $122,953 |
| 21 | Saratoga Springs | $122,346 |
| 22 | North Tonawanda | $121,625 |
| 23 | Glens Falls | $121,120 |
| 24 | Auburn | $121,032 |
| 25 | Freeport | $120,686 |
| 26 | Elmira | $120,539 |
| 27 | Poughkeepsie | $119,691 |
| 28 | Oswego | $119,434 |
| 29 | Kingston | $119,367 |
| 30 | Lackawanna | $119,185 |
| 31 | Amsterdam | $119,128 |
| 32 | Oneonta | $118,840 |
| 33 | Kiryas Joel | $117,876 |
| 34 | Plattsburgh | $117,615 |
| 35 | Cortland | $117,261 |
| 36 | Newburgh | $115,316 |
| 37 | Buffalo | $107,070 |
| 38 | Binghamton | $107,008 |
| 39 | Rochester | $104,488 |
More New York Salary Data
Compare Cities in New York
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Frequently Asked Questions
How much do financial advisors make in New York in 2026?
What is the highest paying city for financial advisors in New York?
How does New York financial advisor pay compare to the national average?
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Which New York 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 York. State averages are employment-weighted across 39 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