Financial Advisor Salary in Hempstead, NY: $122,953 (2026)
Quick Answer:A full-time financial advisor in Hempstead, NY earns a median $122,953/year (≈ $59.11/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Hempstead's price level (16% above national, BEA RPP 115.9), that paycheck buys what $106,085 would nationally. Nominal pay sits 3.5% below the New York state average.
Based on BLS state-level estimates · View source
In Hempstead, NY, the anticipated financial advisor salary in 2026 is pegged at $122,953 annually, surpassing the national median of $108,537 by a notable margin of 13.28%. The diverse earning potential ranges from $71,313 at the 10th percentile to an impressive $190,577 at the 90th percentile. These figures, influenced by local cost-of-living adjustments, reflect the economic dynamics specific to Hempstead, where the employment of financial advisors is complemented by an active transition of professionals to independent practices. This independence often correlates with higher long-term compensation potential, making the job market in Hempstead look particularly appealing for driven advisors looking to grow their earnings.
About the Hempstead Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,313 | $34.29 |
| Lower Range (P25) | $88,526 | $42.56 |
| Median (P50)(typical) | $122,953 | $59.11 |
| Upper Range (P75) | $157,380 | $75.67 |
| Top Earners (P90) | $190,577 | $91.63 |
Median Salary Position
13.28% above the national average
2026 Salary Percentile Distribution in Hempstead
In Hempstead, NY, the financial advisor salary spread from the 10th to 90th percentile is $119,264 (2026 est.). At $122,953, the local median is 13.28% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Hempstead: You'd be in the lower-middle range
How Hempstead Financial Advisor Pay Compares
Hempstead median: $122,953/year (2026)
| Compared To | Median Salary | Hempstead Pays |
|---|---|---|
| New York Average | $127,412 | -3.50% less |
| National Average | $108,537 | +13.28% more |
Financial Advisors in Hempstead, NY earn a median of $122,953 per year (2026 est.), which is 13.28% higher than the national median of $108,537 and 3.50% below the New York state average of $127,412.
Cost-of-Living Adjusted Salary
Hempstead has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hempstead, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $122,953 is competitive, the higher cost of living reduces purchasing power to an effective $106,085 — a 13.72% reduction.
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2019 BLS Actual
$99,518
2025 BLS Actual
$119,025
2026 Current Est.
$122,953
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Hempstead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,518 | Actual |
| 2020 | $101,194 | Actual |
| 2021 | $106,677 | Actual |
| 2022 | $108,059 | Actual |
| 2023 | $112,806 | Actual |
| 2024 | $187,992 | Actual |
| 2025 | $119,025 | Actual |
| 2026(current) | $122,953 | Estimated |
| 2027 | $127,010 | Projected |
Based on 7 years of BLS OEWS data for the Hempstead metropolitan area, the median financial advisor salary grew 19.6% from $99,518 (2019) to $119,025 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $127,010 by 2027 — a total increase of $27,492 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hempstead 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) | $71,313 – $88,526 |
| 3-5 years (Mid Career) | $88,526 – $122,953 |
| 5+ years (Experienced) | $122,953 – $157,380 |
| 10+ years (Top Earner) | $157,380 – $190,577 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Hempstead
In this region, only nine financial advisors are currently employed, reflecting a niche market that presents both opportunities and challenges. With a cost-of-living index of 115.9, which exceeds the national average, the real purchasing power of financial advisor pay in Hempstead becomes a critical consideration. Notably, employers like Morgan Stanley and UBS tend to offer higher compensation packages, especially within a wirehouse model, while RIAs and independent broker-dealers like LPL and Raymond James can provide lucrative alternatives based on fee structures. The discrepancy between lower and higher salaries is influenced by factors such as assets under management (AUM), client concentration, and the credentials held by advisors, such as CFP or CFA designations. For those looking to maximize their financial advisor pay in Hempstead, focusing on building a strong AUM portfolio while considering a fee-only RIA model could yield the best returns in a competitive but limited market.
More salary data for Hempstead, 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 $119,025 for financial advisorsin the Hempstead 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 Hempstead 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