Financial Advisor Salary in Troy, NY: $131,271 (2026)
Quick Answer:A full-time financial advisor in Troy, NY earns a median $131,271/year (≈ $63.11/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Troy's price level (16% above national, BEA RPP 115.9), that paycheck buys what $113,262 would nationally. Nominal pay sits 3.1% above the New York state average.
Based on BLS state-level estimates · View source
In 2026, the compensation for financial advisors in Troy, NY is projected to be quite competitive, with a median annual salary of $131,271, notably higher than the national median of $108,537. This salary reflects a salary range that spans from $76,137 at the 10th percentile to $203,469 for those at the 90th percentile, indicating a robust potential for high earnings in this field. These figures, derived from BLS state-level data and adjusted for regional price disparities, highlight not just the earning potential but also the evolving landscape of financial advice in the area. As Troy continues to adapt to shifts in the financial sector, the demand for skilled financial advisors who can navigate diverse client needs remains strong, further contributing to the attractive salary figures.
About the Troy Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,137 | $36.61 |
| Lower Range (P25) | $94,514 | $45.44 |
| Median (P50)(typical) | $131,271 | $63.11 |
| Upper Range (P75) | $168,027 | $80.78 |
| Top Earners (P90) | $203,469 | $97.83 |
Median Salary Position
20.95% above the national average
2026 Salary Percentile Distribution in Troy
In Troy, NY, the financial advisor salary spread from the 10th to 90th percentile is $127,332 (2026 est.). At $131,271, the local median is 20.95% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Troy: You'd be in the lower-middle range
How Troy Financial Advisor Pay Compares
Troy median: $131,271/year (2026)
| Compared To | Median Salary | Troy Pays |
|---|---|---|
| New York Average | $127,324 | +3.10% more |
| National Average | $108,537 | +20.95% more |
Financial Advisors in Troy, NY earn a median of $131,271 per year (2026 est.), which is 20.95% higher than the national median of $108,537 and 3.10% above the New York state average of $127,324.
Cost-of-Living Adjusted Salary
Troy has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Troy, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $131,271 is competitive, the higher cost of living reduces purchasing power to an effective $113,262 — a 13.72% reduction.
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2019 BLS Actual
$106,250
2025 BLS Actual
$127,077
2026 Current Est.
$131,271
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Troy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,250 | Actual |
| 2020 | $108,040 | Actual |
| 2021 | $113,894 | Actual |
| 2022 | $115,370 | Actual |
| 2023 | $120,437 | Actual |
| 2024 | $196,582 | Actual |
| 2025 | $127,077 | Actual |
| 2026(current) | $131,271 | Estimated |
| 2027 | $135,602 | Projected |
Based on 7 years of BLS OEWS data for the Troy metropolitan area, the median financial advisor salary grew 19.6% from $106,250 (2019) to $127,077 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $135,602 by 2027 — a total increase of $29,352 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Troy 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) | $76,137 – $94,514 |
| 3-5 years (Mid Career) | $94,514 – $131,271 |
| 5+ years (Experienced) | $131,271 – $168,027 |
| 10+ years (Top Earner) | $168,027 – $203,469 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Troy
The local job market for financial advisors in Troy is quite solid, with 11 professionals currently employed, reflecting a small yet significant presence in the community. However, the local cost of living index of 115.9 presents a challenge, meaning that advisors will need to be strategic in maximizing their take-home pay. Employers that tend to offer the highest salaries include wirehouses such as Morgan Stanley and UBS, along with independent broker-dealers like LPL Financial, which often provide lucrative packages for advisors who manage considerable assets. The disparity in pay often stems from factors like assets under management (AUM), fee structures where RIAs typically operate on an AUM basis, and additional premiums for credentials such as CFP or CFA. For financial advisors in Troy, focusing on building a high-net-worth client base and considering independent or RIA pathways could unlock significant earning potential, especially in a market poised for growth with a projected annual growth rate of 3.30%.
More salary data for Troy, 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 $127,077 for financial advisorsin the Troy 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 Troy 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