Financial Advisor Salary in New Rochelle, NY: $127,936 (2026)
Quick Answer:A full-time financial advisor in New Rochelle, NY earns a median $127,936/year (≈ $61.50/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in New Rochelle's price level (16% above national, BEA RPP 115.9), that paycheck buys what $110,385 would nationally. Nominal pay sits 0.5% above the New York state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in New Rochelle, NY can expect to earn a median annual salary of $127,936, which represents a notable 17.87% premium compared to the national median of $108,537. Salaries for financial advisors in the area span a wide range, with the lowest 10% earning around $74,202 and the top 90% making up to $198,301. These figures, based on 2025 BLS data projected for 2026, reflect local market conditions and regional cost-adjusted economic factors. Such earnings indicate that New Rochelle's financial advisory market offers strong potential for professionals, especially for those who choose to operate independently and successfully manage a substantial book of business.
About the New Rochelle Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,202 | $35.67 |
| Lower Range (P25) | $92,114 | $44.28 |
| Median (P50)(typical) | $127,936 | $61.50 |
| Upper Range (P75) | $163,758 | $78.72 |
| Top Earners (P90) | $198,301 | $95.34 |
Median Salary Position
17.87% above the national average
2026 Salary Percentile Distribution in New Rochelle
In New Rochelle, NY, the financial advisor salary spread from the 10th to 90th percentile is $124,099 (2026 est.). At $127,936, the local median is 17.87% above the national median of $108,537.
Salary Calculator
At 40 hours/week in New Rochelle: You'd be in the lower-middle range
How New Rochelle Financial Advisor Pay Compares
New Rochelle median: $127,936/year (2026)
| Compared To | Median Salary | New Rochelle Pays |
|---|---|---|
| New York Average | $127,300 | +0.50% more |
| National Average | $108,537 | +17.87% more |
Financial Advisors in New Rochelle, NY earn a median of $127,936 per year (2026 est.), which is 17.87% higher than the national median of $108,537 and 0.50% above the New York state average of $127,300.
Cost-of-Living Adjusted Salary
New Rochelle has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
New Rochelle, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $127,936 is competitive, the higher cost of living reduces purchasing power to an effective $110,385 — a 13.72% reduction.
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2019 BLS Actual
$103,551
2025 BLS Actual
$123,849
2026 Current Est.
$127,936
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in New Rochelle (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,551 | Actual |
| 2020 | $105,296 | Actual |
| 2021 | $111,001 | Actual |
| 2022 | $112,439 | Actual |
| 2023 | $117,378 | Actual |
| 2024 | $195,610 | Actual |
| 2025 | $123,849 | Actual |
| 2026(current) | $127,936 | Estimated |
| 2027 | $132,158 | Projected |
Based on 7 years of BLS OEWS data for the New Rochelle metropolitan area, the median financial advisor salary grew 19.6% from $103,551 (2019) to $123,849 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $132,158 by 2027 — a total increase of $28,607 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the New Rochelle 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) | $74,202 – $92,114 |
| 3-5 years (Mid Career) | $92,114 – $127,936 |
| 5+ years (Experienced) | $127,936 – $163,758 |
| 10+ years (Top Earner) | $163,758 – $198,301 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in New Rochelle
The job market for financial advisors in New Rochelle shows stability, with around 20 professionals currently employed in the field. However, the cost of living in the area, as indicated by a 115.9 index, influences how far salaries can stretch for take-home purchasing power. Leading employers within the region include established wirehouses such as Morgan Stanley and UBS, alongside independent broker-dealers and fee-only fiduciaries that often offer higher compensation structures based on assets under management. The variance in pay among advisors can largely be attributed to factors like AUM, client wealth, and the incentive structures provided by different firms. A deeper understanding of local market dynamics, combined with obtaining credentials such as CFP or CFA, can significantly enhance earning potential. Financial advisors looking to maximize their income in New Rochelle should focus on building a high-net-worth clientele and exploring fee structures that prioritize fiduciary responsibilities.
More salary data for New Rochelle, 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 $123,849 for financial advisorsin the New Rochelle 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 New Rochelle 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