Personal Financial Advisors Salary

Yes — at the median salary of $94K, rent takes 18.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new personal financial advisors typically earn — is $56K/year. Take-home on that works out to about $3,387/month. At HUD’s $1,119/month FMR, rent would take 33% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Pay here is roughly in line with the national average — $94K locally vs. $105K nationally, a 10% difference.

New Mexico pays $94K median vs. the U.S. average of $105K — that’s -10%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $101K — below the national median.

The median is $94,270 a year, that works out to about $45 an hour. But the range is wide: entry-level workers start around $56,450, and experienced personal financial advisors can clear $403,970. The mean (average) is $151,100, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $5,923/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 18.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

New Mexico has a Regional Price Parity of 93.06 (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 personal financial advisors salary is worth about $101,300 in national-average purchasing power.

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.