Financial Advisor Salary in Utica, NY: $127,348 (2026)
Quick Answer:A full-time financial advisor in Utica, NY earns a median $127,348/year (≈ $61.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Utica's price level (7% below national, BEA RPP 92.7), that paycheck buys what $137,409 would nationally. Nominal pay sits 0.0% above the New York state average.
Official BLS data · View source
In Utica, New York, financial advisors can expect to earn a median annual salary of $127,348 in 2026, which reflects a substantial 17.33% increase over the national median of $108,537. The projected salary range for financial advisors in this region varies significantly, with the lower end at $64,810 and the upper tier reaching up to $464,395. This salary data is derived from the Bureau of Labor Statistics (BLS) OEWS surveys, showcasing a vibrant market for financial professionals. As the fiduciary fee-only model continues to gain traction, particularly among Registered Investment Advisors (RIAs) in Utica, the demand for highly credentialed advisors, including those with CFP designations, remains strong, setting the stage for robust earning potential.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $64,810 | $31.16 |
| Lower Range (P25) | $77,496 | $37.26 |
| Median (P50)(typical) | $127,348 | $61.23 |
| Upper Range (P75) | $218,986 | $105.28 |
| Top Earners (P90) | $464,395 | $223.27 |
Median Salary Position
17.33% above the national average
2026 Salary Percentile Distribution in Utica
In Utica, NY, the financial advisor salary spread from the 10th to 90th percentile is $399,585 (2026 est.). At $127,348, the local median is 17.33% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Utica: You'd be in the entry-level range
How Utica Financial Advisor Pay Compares
Utica median: $127,348/year (2026)
| Compared To | Median Salary | Utica Pays |
|---|---|---|
| National Average | $108,537 | +17.33% more |
Financial Advisors in Utica, NY earn a median of $127,348 per year (2026 est.), which is 17.33% higher than the national median of $108,537.
Cost-of-Living Adjusted Salary
Utica has a cost of living 7.32% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Utica, NY has a cost-of-living index of 92.678 (below the national average of 100). A financial advisor earning $127,348 nominally has purchasing power equivalent to $137,409 in an average-cost city — an effective 7.9% boost.
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2019 BLS Actual
$116,400
2025 BLS Actual
$123,280
2026 Current Est.
$127,348
2019–2027 Growth
+13.0%
Salary Trajectory for Financial Advisors in Utica (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $116,400 | Actual |
| 2020 | $114,550 | Actual |
| 2021 | $79,400 | Actual |
| 2022 | $109,340 | Actual |
| 2023 | $100,870 | Actual |
| 2024 | $129,930 | Actual |
| 2025 | $123,280 | Actual |
| 2026(current) | $127,348 | Estimated |
| 2027 | $131,551 | Projected |
Based on 7 years of BLS OEWS data for the Utica metropolitan area, the median financial advisor salary grew 5.9% from $116,400 (2019) to $123,280 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $131,551 by 2027 — a total increase of $15,151 (13.02%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Utica 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) | $64,810 – $77,496 |
| 3-5 years (Mid Career) | $77,496 – $127,348 |
| 5+ years (Experienced) | $127,348 – $218,986 |
| 10+ years (Top Earner) | $218,986 – $464,395 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Utica
Currently, the job market in Utica comprises approximately 90 financial advisors, indicating a moderately sized but potentially lucrative local landscape. With a cost of living index at 92.678, the purchasing power for these professionals is favorable compared to national averages, which can translate into increased disposable income. Major employers in the area, such as Morgan Stanley, Merrill Lynch, and independent broker-dealers like LPL and Raymond James, typically offer competitive pay, particularly for those with significant books of business or established clienteles. Factors influencing the salary range include assets under management, the fee structures employed, and the concentration of high-net-worth clients. Advisors aiming to maximize pay in Utica should consider developing personal branding to attract affluent clients, investing in advanced certifications like CFP or CFA, and exploring opportunities with successful RIAs that offer partner equity and favorable compensation models.
More salary data for Utica, 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 $123,280 for financial advisorsin the Utica 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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