Personal Financial Advisors Salary
The median pay for a personal financial advisors in New York is $166,400/year ($80/hour), per BLS data. The range runs from $76K at the entry level to $428K for experienced workers. Adjusted for local prices (RPP 98.21), that's roughly $169,433 in purchasing power. Rent on a 2-bedroom averages $1,917/month, or 19.5% 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 $166K get you in New York?
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What this looks like in New York
New York sits well above the national pay line for personal financial advisors, local pay runs about 58% higher than the U.S. median of $105K. Housing is manageable: a 2-bedroom at the HUD median costs $1,917/month, 19.9% 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 personal financial advisorss at the median.
Compensation breakdown
Annual earnings by percentile, New York
Entry-level personal financial advisors (10th percentile) start around $76K. Mid-career wages sit at $166K. Top earners bring in $428K or more, a $352K spread from bottom to top.
Personal Financial Advisors salary by metro in New York
9 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| New York-Newark-Jersey City | $170K | +2% | 23,980 |
| Ithaca | $131K | -21% | 40 |
| Syracuse | $126K | -24% | 240 |
| Albany-Schenectady-Troy | $125K | -25% | 680 |
| Utica-Rome | $123K | -26% | 90 |
| Kiryas Joel-Poughkeepsie-Newburgh | $114K | -31% | 260 |
| Buffalo-Cheektowaga | $104K | -38% | 690 |
| Binghamton | $104K | -38% | 100 |
| Rochester | $101K | -39% | 820 |
Compare to other states
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in New York?
Yes — at the median salary of $166K, rent takes 19.9% 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 personal financial advisors in New York?
The 10th-percentile wage — what new personal financial advisors typically earn — is $76K/year. Take-home on that works out to about $4,571/month. At HUD’s $1,917/month FMR, rent would take 42% 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 New York?
Local pay is 58% above the national median — $166K here vs. $105K nationally.
How does New York compare to the national average for personal financial advisors?
New York pays $166K median vs. the U.S. average of $105K — that’s +58%. After adjusting for local cost of living (RPP 98.21), the purchasing-power equivalent is $169K — still ahead of the national median.
How much do personal financial advisors make in New York?
The median is $166,400 a year, that works out to about $80 an hour. But the range is wide: entry-level workers start around $76,190, and experienced personal financial advisors can clear $427,700. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $166K enough to live in New York?
On that salary, you'd take home roughly $9,629/month after taxes. A 2-bedroom here rents for about $1,917/month, which eats 19.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a personal financial advisors 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 personal financial advisors salary is worth about $169,433 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.