Personal Financial Advisors Salary
The median pay for a personal financial advisors in Baltimore-Columbia-Towson, MD is $98,970/year ($47.58/hour), per BLS data. The range runs from $48K at the entry level to $413K for experienced workers. Note: the mean (average) wage is $155K, significantly higher than the median. This typically reflects a mix of employment settings including academic and private practice positions. Adjusted for local prices (RPP 104.49), that's roughly $94,717 in purchasing power. Rent on a 2-bedroom averages $1,857/month, or 29.9% of estimated take-home pay.
So what does $99K get you in Baltimore-Columbia-Towson?
Groceries, utilities, transportation, and healthcare scaled from national averages by Baltimore-Columbia-Towson’s Regional Price Parity (104.49). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About personal financial advisors
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What this looks like in Baltimore-Columbia-Towson
Personal financial advisors pay in Baltimore-Columbia-Towson tracks closely to the national median, $99K locally vs. $105K nationwide, a 6% difference. Rent runs $1,857/month for a 2-bedroom (HUD FMR), taking 30.3% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 104.49) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for personal financial advisors in metros near Baltimore-Columbia-Towson, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Hagerstown-Martinsburg | $92K | $98K |
| Salisbury | $89K | $93K |
| Philadelphia-Camden-Wilmington | $117K | $114K |
| Washington-Arlington-Alexandria | $106K | $98K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Baltimore-Columbia-Towson, MD
Entry-level personal financial advisors (10th percentile) start around $48K. Mid-career wages sit at $99K. Top earners bring in $413K or more, a $365K spread from bottom to top.
Personal Financial Advisors pay across states
Median income ranked highest to lowest, compared to the national figure
View Personal Financial Advisors salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $166K | +58% | 21,550 |
| New Jersey | $159K | +51% | 9,300 |
| California | $130K | +24% | 32,200 |
| Connecticut | $130K | +23% | N/A |
| South Dakota | $129K | +23% | 620 |
| Massachusetts | $126K | +20% | N/A |
| Delaware | $125K | +19% | N/A |
| Oregon | $123K | +17% | 3,070 |
| Illinois | $120K | +14% | 9,760 |
| Wisconsin | $119K | +14% | 5,200 |
| Washington | $114K | +9% | 5,790 |
| Vermont | $110K | +5% | 520 |
| Pennsylvania | $105K | +0% | 12,200 |
| District of Columbia | $105K | -0% | 480 |
| Minnesota | $103K | -2% | 5,280 |
| Virginia | $103K | -2% | 6,340 |
| Kansas | $103K | -2% | 4,150 |
| Georgia | $101K | -3% | 6,830 |
| Florida | $101K | -4% | 21,490 |
| Missouri | $100K | -5% | 4,480 |
| Maryland | $100K | -5% | 5,260 |
| Texas | $99K | -6% | 18,200 |
| Montana | $97K | -7% | N/A |
| Arizona | $97K | -8% | 6,430 |
| North Carolina | $97K | -8% | 12,340 |
| New Hampshire | $97K | -8% | 1,850 |
| South Carolina | $96K | -8% | 2,400 |
| Idaho | $94K | -10% | 760 |
| New Mexico | $94K | -10% | 610 |
| Nebraska | $93K | -11% | 2,210 |
| Nevada | $93K | -12% | 1,730 |
| Iowa | $92K | -12% | 1,920 |
| Ohio | $91K | -13% | 7,680 |
| Colorado | $89K | -15% | 6,730 |
| Indiana | $88K | -17% | 5,400 |
| Tennessee | $84K | -20% | 3,970 |
| Rhode Island | $80K | -24% | 1,130 |
| West Virginia | $80K | -24% | 670 |
| Arkansas | $79K | -24% | 1,320 |
| Alaska | $79K | -25% | N/A |
| Alabama | $78K | -26% | 2,540 |
| Michigan | $78K | -26% | 6,570 |
| Wyoming | $77K | -26% | 310 |
| Utah | $77K | -26% | 2,520 |
| North Dakota | $77K | -27% | 540 |
| Hawaii | $76K | -28% | 550 |
| Oklahoma | $69K | -35% | 1,140 |
| Kentucky | $67K | -36% | 2,040 |
| Mississippi | $63K | -40% | 790 |
Showing 1–10 of 49 states with published data
BLS does not publish data for every state when sample sizes are too small
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Baltimore-Columbia-Towson numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Baltimore-Columbia-Towson?
It’s a stretch — at the median salary of $99K, rent takes 30.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,857/month. The 30% guideline puts the comfortable ceiling at roughly $1,800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for personal financial advisors in Baltimore-Columbia-Towson?
The 10th-percentile wage — what new personal financial advisors typically earn — is $48K/year. Take-home on that works out to about $2,887/month. At HUD’s $1,857/month FMR, rent would take 64% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is personal financial advisor a high-paying job in Baltimore-Columbia-Towson?
Pay here is roughly in line with the national average — $99K locally vs. $105K nationally, a 6% difference.
How does Baltimore-Columbia-Towson compare to the national average for personal financial advisors?
Baltimore-Columbia-Towson pays $99K median vs. the U.S. average of $105K — that’s -6%. After adjusting for local cost of living (RPP 104.49), the purchasing-power equivalent is $95K — below the national median.
How much do personal financial advisors make in Baltimore-Columbia-Towson, MD?
The median is $98,970 a year, that works out to about $48 an hour. But the range is wide: entry-level workers start around $48,110, and experienced personal financial advisors can clear $412,790. The mean (average) is $154,980, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $99K enough to live in Baltimore-Columbia-Towson?
On that salary, you'd take home roughly $6,124/month after taxes. A 2-bedroom here rents for about $1,857/month, which eats 30.3% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a personal financial advisors salary go in Baltimore-Columbia-Towson?
Baltimore-Columbia-Towson has a Regional Price Parity of 104.49 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median personal financial advisors salary is worth about $94,717 in national-average purchasing power.
Where do personal financial advisors 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.