Financial Advisor Salary in White Plains, NY: $123,952 (2026)
Quick Answer:A full-time financial advisor in White Plains, NY earns a median $123,952/year (≈ $59.59/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in White Plains's price level (16% above national, BEA RPP 115.9), that paycheck buys what $106,947 would nationally. Nominal pay sits 2.7% below the New York state average.
Based on BLS state-level estimates · View source
Financial advisors in White Plains, NY, can expect a median annual salary of $123,952 in 2026, significantly higher than the national median, which stands at $108,537. The salary range for this profession is quite broad, with the lower 10th percentile earning around $71,892 and the upper 90th percentile reaching up to $192,126. These figures represent local estimates derived from 2025 BLS data, adjusted for the area's cost of living and economic conditions. As the market responds to the growing emphasis on fiduciary standards and the demand for CFP credentialed professionals, the financial advisory sector in White Plains shows notable promise, particularly as fee-only fiduciary practices continue to gain traction.
About the White Plains Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,892 | $34.56 |
| Lower Range (P25) | $89,245 | $42.91 |
| Median (P50)(typical) | $123,952 | $59.59 |
| Upper Range (P75) | $158,658 | $76.28 |
| Top Earners (P90) | $192,126 | $92.37 |
Median Salary Position
14.20% above the national average
2026 Salary Percentile Distribution in White Plains
In White Plains, NY, the financial advisor salary spread from the 10th to 90th percentile is $120,234 (2026 est.). At $123,952, the local median is 14.2% above the national median of $108,537.
Salary Calculator
At 40 hours/week in White Plains: You'd be in the lower-middle range
How White Plains Financial Advisor Pay Compares
White Plains median: $123,952/year (2026)
| Compared To | Median Salary | White Plains Pays |
|---|---|---|
| New York Average | $127,391 | -2.70% less |
| National Average | $108,537 | +14.20% more |
Financial Advisors in White Plains, NY earn a median of $123,952 per year (2026 est.), which is 14.20% higher than the national median of $108,537 and 2.70% below the New York state average of $127,391.
Cost-of-Living Adjusted Salary
White Plains has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
White Plains, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $123,952 is competitive, the higher cost of living reduces purchasing power to an effective $106,947 — a 13.72% reduction.
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2019 BLS Actual
$100,326
2025 BLS Actual
$119,992
2026 Current Est.
$123,952
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in White Plains (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,326 | Actual |
| 2020 | $102,017 | Actual |
| 2021 | $107,544 | Actual |
| 2022 | $108,937 | Actual |
| 2023 | $113,722 | Actual |
| 2024 | $189,519 | Actual |
| 2025 | $119,992 | Actual |
| 2026(current) | $123,952 | Estimated |
| 2027 | $128,042 | Projected |
Based on 7 years of BLS OEWS data for the White Plains metropolitan area, the median financial advisor salary grew 19.6% from $100,326 (2019) to $119,992 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,042 by 2027 — a total increase of $27,716 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the White Plains 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) | $71,892 – $89,245 |
| 3-5 years (Mid Career) | $89,245 – $123,952 |
| 5+ years (Experienced) | $123,952 – $158,658 |
| 10+ years (Top Earner) | $158,658 – $192,126 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in White Plains
Local employment for financial advisors in White Plains is somewhat limited, with only 11 professionals currently working in this area. The cost of living index at 115.9 reveals that living expenses are above the national average, affecting the purchasing power of salaries earned here. Major employers like Morgan Stanley and Merrill Lynch are known for offering competitive pay, particularly for advisors who manage high-net-worth clients and possess the CFP designation. The disparity in financial advisor pay in White Plains is influenced by factors such as assets under management and the compensation model used. Those operating under a fee-only structure tend to earn based on a percentage of AUM, which can lead to higher incomes compared to commission-based models prevalent in wirehouses. For aspiring advisors, focusing on acquiring a CFP designation and seeking opportunities with independent RIAs may prove beneficial for maximizing compensation in the local market.
More salary data for White Plains, 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 $119,992 for financial advisorsin the White Plains 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 White Plains 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