Personal Financial Advisors Salary
The median pay for a personal financial advisors in Massachusetts is $125,670/year ($60.42/hour), per BLS data. The range runs from $59K at the entry level to $479K for experienced workers. Adjusted for local prices (RPP 100.09), that's roughly $125,557 in purchasing power. A 2-bedroom apartment runs $2,347/month, about 30.8% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Massachusetts. Jump to a metro for precise data:
So what does $126K get you in Massachusetts?
About personal financial advisors
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What this looks like in Massachusetts
Massachusetts sits well above the national pay line for personal financial advisors, local pay runs about 20% higher than the U.S. median of $105K. Rent runs $2,347/month for a 2-bedroom (HUD FMR), taking 31.2% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 100.09) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Massachusetts
Entry-level personal financial advisors (10th percentile) start around $59K. Mid-career wages sit at $126K. Top earners bring in $479K or more, a $420K spread from bottom to top.
Personal Financial Advisors salary by metro in Massachusetts
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Amherst Town-Northampton | $145K | +16% | 40 |
| Springfield | $128K | +2% | 200 |
| Boston-Cambridge-Newton | $127K | +1% | N/A |
| Pittsfield | $126K | +0% | 70 |
| Worcester | $120K | -4% | N/A |
Compare to other states
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Massachusetts numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Massachusetts?
It’s a stretch — at the median salary of $126K, rent takes 31.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,347/month. The 30% guideline puts the comfortable ceiling at roughly $2,300/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 Massachusetts?
The 10th-percentile wage — what new personal financial advisors typically earn — is $59K/year. Take-home on that works out to about $3,511/month. At HUD’s $2,347/month FMR, rent would take 67% 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 Massachusetts?
Local pay is 20% above the national median — $126K here vs. $105K nationally.
How does Massachusetts compare to the national average for personal financial advisors?
Massachusetts pays $126K median vs. the U.S. average of $105K — that’s +20%. After adjusting for local cost of living (RPP 100.09), the purchasing-power equivalent is $126K — still ahead of the national median.
How much do personal financial advisors make in Massachusetts?
The median is $125,670 a year, that works out to about $60 an hour. But the range is wide: entry-level workers start around $58,510, and experienced personal financial advisors can clear $478,850. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $126K enough to live in Massachusetts?
On that salary, you'd take home roughly $7,530/month after taxes. A 2-bedroom here rents for about $2,347/month, which eats 31.2% 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 Massachusetts?
Massachusetts has a Regional Price Parity of 100.09 (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 $125,557 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.