Financial Advisor Salary in Mount Vernon, NY: $126,503 (2026)
Quick Answer:A full-time financial advisor in Mount Vernon, NY earns a median $126,503/year (≈ $60.82/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Mount Vernon's price level (16% above national, BEA RPP 115.9), that paycheck buys what $109,148 would nationally. Nominal pay sits 0.7% below the New York state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Mount Vernon, NY, can expect a median annual salary of $126,503, which is 16.55% higher than the national median of $108,537. The salary range is also notable, extending from $73,372 at the 10th percentile to highs of $196,080 at the 90th percentile. These figures are derived from state-level estimates based on 2025 BLS data and account for the regional cost of living. With a unique mix of corporate offices and high-net-worth clients, the financial landscape in Mount Vernon presents competitive compensation opportunities, particularly for independent advisors and those who adopt diverse fee models.
About the Mount Vernon Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $73,372 | $35.28 |
| Lower Range (P25) | $91,083 | $43.79 |
| Median (P50)(typical) | $126,503 | $60.82 |
| Upper Range (P75) | $161,924 | $77.85 |
| Top Earners (P90) | $196,080 | $94.27 |
Median Salary Position
16.55% above the national average
2026 Salary Percentile Distribution in Mount Vernon
In Mount Vernon, NY, the financial advisor salary spread from the 10th to 90th percentile is $122,708 (2026 est.). At $126,503, the local median is 16.55% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Mount Vernon: You'd be in the lower-middle range
How Mount Vernon Financial Advisor Pay Compares
Mount Vernon median: $126,503/year (2026)
| Compared To | Median Salary | Mount Vernon Pays |
|---|---|---|
| New York Average | $127,395 | -0.70% less |
| National Average | $108,537 | +16.55% more |
Financial Advisors in Mount Vernon, NY earn a median of $126,503 per year (2026 est.), which is 16.55% higher than the national median of $108,537 and 0.70% below the New York state average of $127,395.
Cost-of-Living Adjusted Salary
Mount Vernon has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mount Vernon, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $126,503 is competitive, the higher cost of living reduces purchasing power to an effective $109,148 — a 13.72% reduction.
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2019 BLS Actual
$102,392
2025 BLS Actual
$122,462
2026 Current Est.
$126,503
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Mount Vernon (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,392 | Actual |
| 2020 | $104,117 | Actual |
| 2021 | $109,758 | Actual |
| 2022 | $111,180 | Actual |
| 2023 | $116,063 | Actual |
| 2024 | $193,420 | Actual |
| 2025 | $122,462 | Actual |
| 2026(current) | $126,503 | Estimated |
| 2027 | $130,678 | Projected |
Based on 7 years of BLS OEWS data for the Mount Vernon metropolitan area, the median financial advisor salary grew 19.6% from $102,392 (2019) to $122,462 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $130,678 by 2027 — a total increase of $28,286 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mount Vernon 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) | $73,372 – $91,083 |
| 3-5 years (Mid Career) | $91,083 – $126,503 |
| 5+ years (Experienced) | $126,503 – $161,924 |
| 10+ years (Top Earner) | $161,924 – $196,080 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Mount Vernon
The local job market currently employs 18 financial advisors, indicating a relatively small but focused niche in Mount Vernon. The cost of living index stands at 115.9, above the national average, suggesting that advisors here must balance salary expectations with local economic realities. Among the area's potential employers, wirehouses like Morgan Stanley and UBS offer competitive packages, but independent Registered Investment Advisors (RIAs) could provide significant upside through a fiduciary model. The disparity in compensation often hinges on factors such as assets under management, client engagement, and specialized credentials like CFP or CFA. For those looking to maximize their financial advisor pay in Mount Vernon, strategies like developing a robust client base and considering independent practice routes can be particularly effective in an evolving market landscape.
More salary data for Mount Vernon, 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 $122,462 for financial advisorsin the Mount Vernon 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 Mount Vernon 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