Financial Advisor Salary in Saratoga Springs, NY: $122,346 (2026)
Quick Answer:A full-time financial advisor in Saratoga Springs, NY earns a median $122,346/year (≈ $58.82/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Saratoga Springs's price level (16% above national, BEA RPP 115.9), that paycheck buys what $105,562 would nationally. Nominal pay sits 3.9% below the New York state average.
Based on BLS state-level estimates · View source
In Saratoga Springs, NY, the financial advisor salary in 2026 is projected at $122,346 annually, reflecting a notable 12.72% increase compared to the national median of $108,537. Financial advisors in this area can expect to earn between $70,961 and $189,637, a range that highlights the diverse earning potential within this profession. These estimates, derived from 2025 BLS OEWS data and adjusted for local economic conditions, underscore the rising trend of fee-only fiduciary growth in an industry increasingly characterized by its bifurcation between commission-based compensation and fee-based models. As more advisors adopt the Certified Financial Planner (CFP) designation, the value of this credential has become particularly significant, contributing to higher overall compensation in the local job market.
About the Saratoga Springs Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $70,961 | $34.12 |
| Lower Range (P25) | $88,089 | $42.35 |
| Median (P50)(typical) | $122,346 | $58.82 |
| Upper Range (P75) | $156,604 | $75.30 |
| Top Earners (P90) | $189,637 | $91.17 |
Median Salary Position
12.72% above the national average
2026 Salary Percentile Distribution in Saratoga Springs
In Saratoga Springs, NY, the financial advisor salary spread from the 10th to 90th percentile is $118,676 (2026 est.). At $122,346, the local median is 12.72% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Saratoga Springs: You'd be in the lower-middle range
How Saratoga Springs Financial Advisor Pay Compares
Saratoga Springs median: $122,346/year (2026)
| Compared To | Median Salary | Saratoga Springs Pays |
|---|---|---|
| New York Average | $127,312 | -3.90% less |
| National Average | $108,537 | +12.72% more |
Financial Advisors in Saratoga Springs, NY earn a median of $122,346 per year (2026 est.), which is 12.72% higher than the national median of $108,537 and 3.90% below the New York state average of $127,312.
Cost-of-Living Adjusted Salary
Saratoga Springs has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Saratoga Springs, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $122,346 is competitive, the higher cost of living reduces purchasing power to an effective $105,562 — a 13.72% reduction.
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2019 BLS Actual
$99,027
2025 BLS Actual
$118,438
2026 Current Est.
$122,346
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Saratoga Springs (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,027 | Actual |
| 2020 | $100,695 | Actual |
| 2021 | $106,151 | Actual |
| 2022 | $107,526 | Actual |
| 2023 | $112,250 | Actual |
| 2024 | $187,065 | Actual |
| 2025 | $118,438 | Actual |
| 2026(current) | $122,346 | Estimated |
| 2027 | $126,384 | Projected |
Based on 7 years of BLS OEWS data for the Saratoga Springs metropolitan area, the median financial advisor salary grew 19.6% from $99,027 (2019) to $118,438 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $126,384 by 2027 — a total increase of $27,357 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Saratoga Springs 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) | $70,961 – $88,089 |
| 3-5 years (Mid Career) | $88,089 – $122,346 |
| 5+ years (Experienced) | $122,346 – $156,604 |
| 10+ years (Top Earner) | $156,604 – $189,637 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Saratoga Springs
The financial advisor pay in Saratoga Springs, NY, is influenced by several local market dynamics. With only seven financial advisors currently employed in the area, competition for clients remains high, driving the need for specialized knowledge, particularly for those managing high-net-worth (HNW) clients. Given the cost of living index of 115.9, advisors must maximize their take-home pay to maintain purchasing power. Firms such as Morgan Stanley and Merrill Lynch typically offer higher salaries due to their larger asset bases and institutional client support, while independent Registered Investment Advisors (RIAs) also present lucrative opportunities, especially for those with established client books. The salary disparity in this market can be driven by factors including assets under management (AUM), fee structures, and the value of advanced certifications like the CFP or CFA. To enhance earning potential, aspiring financial advisors in Saratoga Springs should focus on building their qualifications, expanding their networks, and considering transition packages from wirehouses to RIAs, contributing to the ongoing growth in this vibrant sector.
More salary data for Saratoga Springs, 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 $118,438 for financial advisorsin the Saratoga Springs 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 Saratoga Springs 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