Financial Advisor Salary in Binghamton, NY: $107,008 (2026)
Quick Answer:A full-time financial advisor in Binghamton, NY earns a median $107,008/year (≈ $51.44/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Binghamton's price level (7% below national, BEA RPP 92.9), that paycheck buys what $115,232 would nationally. Nominal pay sits 16.0% below the New York state average.
Official BLS data · View source
In the financial advisory field within Binghamton, NY, the projected median salary for 2026 stands at $107,008. This figure represents a slight dip compared to the national median of $108,537, illustrating the regional wage dynamics at play. The salary range for financial advisors in the area varies significantly, with entry-level positions starting at $65,719 and top earners reaching an impressive $340,714. Such disparities highlight the influence of various factors including experience, client load, and the shift toward independent practices, where experienced advisors often find greater financial rewards. According to 2025 BLS OEWS data, projected to 2026, Binghamton's financial advisor job market will see a growth rate of 3.30%, pointing to robust hiring conditions in the years to come.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $65,719 | $31.60 |
| Lower Range (P25) | $76,215 | $36.64 |
| Median (P50)(typical) | $107,008 | $51.44 |
| Upper Range (P75) | $216,424 | $104.05 |
| Top Earners (P90) | $340,714 | $163.80 |
Median Salary Position
1.41% below the national average
2026 Salary Percentile Distribution in Binghamton
In Binghamton, NY, the financial advisor salary spread from the 10th to 90th percentile is $274,995 (2026 est.). At $107,008, the local median is 1.41% below the national median of $108,537.
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At 40 hours/week in Binghamton: You'd be in the entry-level range
How Binghamton Financial Advisor Pay Compares
Binghamton median: $107,008/year (2026)
| Compared To | Median Salary | Binghamton Pays |
|---|---|---|
| New York Average | $127,391 | -16.00% less |
| National Average | $108,537 | -1.41% less |
Financial Advisors in Binghamton, NY earn a median of $107,008 per year (2026 est.), which is 1.41% lower than the national median of $108,537 and 16.00% below the New York state average of $127,391.
Cost-of-Living Adjusted Salary
Binghamton has a cost of living 7.14% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Binghamton, NY has a cost-of-living index of 92.863 (below the national average of 100). A financial advisor earning $107,008 nominally has purchasing power equivalent to $115,232 in an average-cost city — an effective 7.69% boost.
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2019 BLS Actual
$74,460
2025 BLS Actual
$103,590
2026 Current Est.
$107,008
2019–2027 Growth
+48.5%
Salary Trajectory for Financial Advisors in Binghamton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $74,460 | Actual |
| 2020 | $82,150 | Actual |
| 2021 | $96,040 | Actual |
| 2022 | $83,560 | Actual |
| 2023 | $99,210 | Actual |
| 2024 | $107,940 | Actual |
| 2025 | $103,590 | Actual |
| 2026(current) | $107,008 | Estimated |
| 2027 | $110,540 | Projected |
Based on 7 years of BLS OEWS data for the Binghamton metropolitan area, the median financial advisor salary grew 39.1% from $74,460 (2019) to $103,590 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $110,540 by 2027 — a total increase of $36,080 (48.46%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Binghamton 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) | $65,719 – $76,215 |
| 3-5 years (Mid Career) | $76,215 – $107,008 |
| 5+ years (Experienced) | $107,008 – $216,424 |
| 10+ years (Top Earner) | $216,424 – $340,714 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Binghamton
In Binghamton, there are currently 100 financial advisors employed, indicating a steady presence of professionals in the wealth management arena. The cost of living index stands at 92.863, suggesting that financial advisor pay in Binghamton, NY, offers a relatively good standard of living when compared to national averages. Among local employers, wirehouses like Morgan Stanley and Merrill Lynch are known for competitive pay structures, particularly for advisors managing large AUM books. However, independent broker-dealers and Registered Investment Advisors often provide significant incentives tied to a fiduciary model, particularly for those who hold certifications such as CFP or CFA. The variance in salaries, from $31.60 at the entry level to as much as $163.80 at the top end, reflects not only the compensation structures but also market demand, client expectations, and the caliber of services provided. Advisors seeking to enhance their earning potential in Binghamton should focus on building a strong client base, developing expertise in niche markets, and considering transitions to fee-only structures to align with the evolving financial advisory landscape.
More salary data for Binghamton, 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 $103,590 for financial advisorsin the Binghamton 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