Financial Advisor Salary in Yonkers, NY: $130,628 (2026)
Quick Answer:A full-time financial advisor in Yonkers, NY earns a median $130,628/year (≈ $62.81/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Yonkers's price level (16% above national, BEA RPP 115.9), that paycheck buys what $112,708 would nationally. Nominal pay sits 2.6% above the New York state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Yonkers, New York, are expected to earn a median annual salary of $130,628, which reflects a 20.35% increase compared to the national median of $108,537. With a salary range spanning from $75,764 at the 10th percentile to $202,473 at the 90th percentile, compensation varies significantly based on individual achievement, types of clients, and the advisor's business model. The data, derived from 2025 BLS data and adjusted for the region's cost of living, underscores the competitive nature of the market. The bifurcation between commission-based compensation typically found in wirehouses and fee-only models employed by Registered Investment Advisors (RIAs) plays a significant role in shaping financial advisor pay in Yonkers. As advisors navigate this structural divide, the compensation they achieve is increasingly tied to their ability to manage and grow assets under management (AUM), establishing the groundwork for strong earnings in a dynamic financial landscape.
About the Yonkers Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,764 | $36.42 |
| Lower Range (P25) | $94,053 | $45.21 |
| Median (P50)(typical) | $130,628 | $62.81 |
| Upper Range (P75) | $167,203 | $80.39 |
| Top Earners (P90) | $202,473 | $97.34 |
Median Salary Position
20.35% above the national average
2026 Salary Percentile Distribution in Yonkers
In Yonkers, NY, the financial advisor salary spread from the 10th to 90th percentile is $126,709 (2026 est.). At $130,628, the local median is 20.35% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Yonkers: You'd be in the lower-middle range
How Yonkers Financial Advisor Pay Compares
Yonkers median: $130,628/year (2026)
| Compared To | Median Salary | Yonkers Pays |
|---|---|---|
| New York Average | $127,318 | +2.60% more |
| National Average | $108,537 | +20.35% more |
Financial Advisors in Yonkers, NY earn a median of $130,628 per year (2026 est.), which is 20.35% higher than the national median of $108,537 and 2.60% above the New York state average of $127,318.
Cost-of-Living Adjusted Salary
Yonkers has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Yonkers, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $130,628 is competitive, the higher cost of living reduces purchasing power to an effective $112,708 — a 13.72% reduction.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$105,730
2025 BLS Actual
$126,455
2026 Current Est.
$130,628
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Yonkers (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,730 | Actual |
| 2020 | $107,511 | Actual |
| 2021 | $113,337 | Actual |
| 2022 | $114,805 | Actual |
| 2023 | $119,848 | Actual |
| 2024 | $199,727 | Actual |
| 2025 | $126,455 | Actual |
| 2026(current) | $130,628 | Estimated |
| 2027 | $134,939 | Projected |
Based on 7 years of BLS OEWS data for the Yonkers metropolitan area, the median financial advisor salary grew 19.6% from $105,730 (2019) to $126,455 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $134,939 by 2027 — a total increase of $29,209 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Yonkers 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) | $75,764 – $94,053 |
| 3-5 years (Mid Career) | $94,053 – $130,628 |
| 5+ years (Experienced) | $130,628 – $167,203 |
| 10+ years (Top Earner) | $167,203 – $202,473 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Yonkers
Yonkers has a stable job market for financial advisors, with 45 professionals currently employed in the area. However, the city's cost of living, indexed at 115.9, suggests that advisors need to generate higher earnings to maintain a reasonable standard of living compared to other parts of the country. Employers who typically compensate advisors at the higher end of the scale include wirehouses such as Morgan Stanley and UBS, along with established RIAs that leverage fiduciary fee structures. The variation in salaries can be attributed to several factors, including AUM book size, fee models, and the presence of high-net-worth (HNW) clients. Those with credentials like CFP or CFA often command a premium, particularly in wealth management roles, while transitioning advisors moving from wirehouses may receive lucrative breakaway packages. To maximize earnings in Yonkers, aspiring financial advisors should focus on building a robust client base and pursuing relevant certifications that enhance their marketability.
More salary data for Yonkers, NY:
Frequently Asked Questions
How much do financial advisors make in Yonkers, NY in 2026?
Is Yonkers, NY a good place to work as a financial advisor?
Can financial advisors make $100K in Yonkers?
What is the cost-of-living adjusted financial advisor salary in Yonkers?
How much does a financial advisor make per hour in Yonkers?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in New York
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 $126,455 for financial advisorsin the Yonkers 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 Yonkers 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