Financial Advisor Salary in Albany, NY: $128,722 (2026)
Quick Answer:A full-time financial advisor in Albany, NY earns a median $128,722/year (≈ $61.89/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Albany's price level (0% above national, BEA RPP 99.6), that paycheck buys what $129,283 would nationally. Nominal pay sits 1.1% above the New York state average.
Official BLS data · View source
In Albany, NY, financial advisors are projected to earn a median annual salary of $128,722 in 2026, surpassing the national median of $108,537 by 18.60%. This data, derived from 2025 BLS OEWS surveys and projected to 2026, reveals a salary range from $59,222 to $372,541, indicating a robust earning potential within the market. The rise in fiduciary fee-only models, especially among Registered Investment Advisors (RIAs), enhances compensation prospects for advisors who hold the Certified Financial Planner (CFP) credential. As Albany continues to attract professionals in this field, the local job market reflects a growing demand for financial expertise and tailored wealth management solutions.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $59,222 | $28.47 |
| Lower Range (P25) | $77,175 | $37.11 |
| Median (P50)(typical) | $128,722 | $61.89 |
| Upper Range (P75) | $201,972 | $97.10 |
| Top Earners (P90) | $372,541 | $179.10 |
Median Salary Position
18.60% above the national average
2026 Salary Percentile Distribution in Albany
In Albany, NY, the financial advisor salary spread from the 10th to 90th percentile is $313,319 (2026 est.). At $128,722, the local median is 18.6% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Albany: You'd be in the entry-level range
How Albany Financial Advisor Pay Compares
Albany median: $128,722/year (2026)
| Compared To | Median Salary | Albany Pays |
|---|---|---|
| New York Average | $127,322 | +1.10% more |
| National Average | $108,537 | +18.60% more |
Financial Advisors in Albany, NY earn a median of $128,722 per year (2026 est.), which is 18.60% higher than the national median of $108,537 and 1.10% above the New York state average of $127,322.
Cost-of-Living Adjusted Salary
Albany has a cost of living 0.43% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Albany, NY has a cost-of-living index of 99.566 (below the national average of 100). A financial advisor earning $128,722 nominally has purchasing power equivalent to $129,283 in an average-cost city — an effective 0.44% boost.
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2019 BLS Actual
$76,610
2025 BLS Actual
$124,610
2026 Current Est.
$128,722
2019–2027 Growth
+73.6%
Salary Trajectory for Financial Advisors in Albany (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $76,610 | Actual |
| 2020 | $85,840 | Actual |
| 2021 | $124,040 | Actual |
| 2022 | $115,520 | Actual |
| 2023 | $109,940 | Actual |
| 2024 | $125,170 | Actual |
| 2025 | $124,610 | Actual |
| 2026(current) | $128,722 | Estimated |
| 2027 | $132,970 | Projected |
Based on 7 years of BLS OEWS data for the Albany metropolitan area, the median financial advisor salary grew 62.7% from $76,610 (2019) to $124,610 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $132,970 by 2027 — a total increase of $56,360 (73.57%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Albany 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) | $59,222 – $77,175 |
| 3-5 years (Mid Career) | $77,175 – $128,722 |
| 5+ years (Experienced) | $128,722 – $201,972 |
| 10+ years (Top Earner) | $201,972 – $372,541 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Albany
With approximately 680 financial advisors employed in Albany, the city's job market remains competitive, supported by a cost-of-living index of 99.566, which implies that advisors can enjoy a favorable purchasing power relative to the national average. Among the highest-paying employers in the area are major wirehouses like Morgan Stanley and Merrill Lynch, with independent broker-dealers and RIAs also gaining traction as they capitalize on the demand for fee-only fiduciary services. The salary variations across these firms can be influenced by several factors, including assets under management (AUM) and fee structures, with those operating under an AUM compensation model typically earning more than their commission-based counterparts at wirehouses. For financial advisors in Albany looking to maximize pay, enhancing credentials, particularly with a CFP or CFA, and seeking positions at firms prioritizing fee-only structures could prove to be beneficial strategies in this evolving financial advisory landscape.
More salary data for Albany, NY:
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 $124,610 for financial advisorsin the Albany 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