Financial Risk Specialists Salary
Financial Risk Specialists in New York make a median of $136,830 a year, or about $65.78 an hour. The range runs from $85K at the entry level to $220K for experienced workers. Adjusted for local prices (RPP 98.21), that's roughly $139,324 in purchasing power. Rent on a 2-bedroom averages $1,917/month, or 23.7% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New York. Jump to a metro for precise data:
So what does $137K get you in New York?
About financial risk specialists
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What this looks like in New York
New York sits well above the national pay line for financial risk specialists, local pay runs about 17% higher than the U.S. median of $117K. Housing is manageable: a 2-bedroom at the HUD median costs $1,917/month, 23.7% of take-home, well inside the 30% guideline. Cost of living (RPP 98.21) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, New York offers a genuinely strong financial position for financial risk specialistss at the median.
Compensation breakdown
Annual earnings by percentile, New York
Entry-level financial risk specialists (10th percentile) start around $85K. Mid-career wages sit at $137K. Top earners bring in $220K or more, a $136K spread from bottom to top.
Financial Risk Specialists salary by metro in New York
6 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| New York-Newark-Jersey City | $140K | +2% | 12,770 |
| Syracuse | $123K | -10% | 100 |
| Albany-Schenectady-Troy | $121K | -12% | 200 |
| Kiryas Joel-Poughkeepsie-Newburgh | $106K | -22% | 40 |
| Buffalo-Cheektowaga | $97K | -29% | 470 |
| Rochester | $86K | -37% | 210 |
Compare to other states
Track financial risk specialists salary changes
BLS updates this data quarterly. We'll email you when New York numbers change.
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in New York?
Yes — at the median salary of $137K, rent takes 23.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,917/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in New York?
The 10th-percentile wage — what new financial risk specialists typically earn — is $85K/year. Take-home on that works out to about $5,073/month. At HUD’s $1,917/month FMR, rent would take 38% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial risk specialist a high-paying job in New York?
Local pay is 17% above the national median — $137K here vs. $117K nationally.
How does New York compare to the national average for financial risk specialists?
New York pays $137K median vs. the U.S. average of $117K — that’s +17%. After adjusting for local cost of living (RPP 98.21), the purchasing-power equivalent is $139K — still ahead of the national median.
How much do financial risk specialists make in New York?
The median is $136,830 a year, that works out to about $66 an hour. But the range is wide: entry-level workers start around $84,550, and experienced financial risk specialists can clear $220,260. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $137K enough to live in New York?
On that salary, you'd take home roughly $8,093/month after taxes. A 2-bedroom here rents for about $1,917/month, which eats 23.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in New York?
New York has a Regional Price Parity of 98.21 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial risk specialists salary is worth about $139,324 in national-average purchasing power.
Where do financial risk specialists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.