How much does a Financial Advisor make in New York?

BLS reports a median annual wage of $167,970 for Financial Advisors in New York as of the latest OES release. That is the 50th-percentile figure — half earn more, half earn less. The 25th-percentile is $99,150 and the 75th-percentile is —.

How are New York Financial Advisor salaries calculated on this page?

Nominal wages come from BLS Occupational Employment and Wage Statistics (OES) — annual employer surveys, May 2026 reference period. Real-wage figures use BEA Regional Price Parities (2023 vintage) to adjust for state-level cost of living. No self-report or jobs-board data is mixed in.

Where does New York rank for Financial Advisor pay?

On nominal BLS wages alone, New York ranks among the 51 states and DC by median pay. After the BEA cost-of-living adjustment the ordering changes — high-cost states fall, low-cost states rise. Both rankings are shown in the data table on this page.

Is New York a 'real-wage arbitrage' state for Financial Advisors?

No — New York's RPP is close to the national 100 baseline, so nominal and real wages move roughly together. Neither an arbitrage nor a penalty state.

Should I negotiate based on the BLS median for New York?

The BLS median is a calibration anchor, not a ceiling. Use it to validate that an offer is in-band — anything well below the P25 in this state is a flag, anything above the P75 typically requires demonstrable specialty depth, niche credentials, or a high-COL metro within New York.

When does this data update?

BLS OES releases a new May reference set roughly each spring; we re-run the ETL pipeline within two weeks of release. BEA RPP refreshes annually. The last-synced timestamp at the top of this page reflects the most recent build.

AUM-fee economics — what does it take to earn the New York BLS median?

The classic 1% AUM fee on a $50M practice yields $500K gross revenue. After overhead (typically 30-50% of revenue: staff, technology, custodial fees, compliance, rent, marketing) the principal advisor in New York nets $250-350K, well above the BLS-reported W-2 median for SOC 13-2052. To match the BLS-reported median for New York as a wirehouse W-2 advisor, the typical book size required is $30-40M AUM at standard grid payouts — achievable in 5-10 years with strong recruiting and referral systems. Below that production threshold, wirehouse advisors are typically counseled out or transition to support roles.

New York Financial Advisor Salary: BLS $168K Median, Real $156K (2026)

TL;DR

Headline Financial Advisor pay in New York is $167,970. Real take-home, after the state's cost-of-living index, lands at $155,756.
Mid-band cost of living: real and nominal wage are within a few percent of each other.
Quartile range $99,150 (bottom 25%) to — (top 25%). BLS suppresses the P10 or P90 tail for this state, typically because the top tier exceeds the OES wage cap.
Nominal: #1/51 · Real: #1/51 — ranking shifts by 0 positions after RPP.

Wage breakdown — New York

Percentile	Nominal (BLS)	Real (BEA RPP-adjusted)
P10 (entry tier)	$70,210	$65,105
P25 (lower quartile)	$99,150	$91,940
P50 (median)	$167,970	$155,756
P75 (upper quartile)
P90 (top tier)
Mean	$225,930	$209,501
Employment	28,820 Financial Advisors in New York

Cost of living — BEA Regional Price Parity

Component	New York index (US = 100)
All-items RPP	107.8
Goods	105.1
Services	135.4
Rents	122.0

New York is a high-cost state — RPP 107.8 above the national 100 baseline. Most of the cost premium routes through rents (122.0) and services (135.4).

After-tax take-home — New York (2024 BLS · 2024 tax year, single filer)

Layer-by-layer take-home math at the BLS median

Layer	Amount	Note
Gross BLS P50 (Financial Advisor)	$167,970	nominal median
Federal income tax	−$29,131	17.3% effective; std deduction $15,750 applied
State income tax	−$9,030	4–10.9% (graduated; +NYC residents 3.078–3.876%)
FICA (SS 6.2% + Medicare 1.45%)	−$12,850	SS capped at $183,600 wage base
Take-home (after-tax)	$116,960	69.6% of gross
Real take-home (RPP-adjusted)	$108,455	÷ (107.8 / 100) BEA cost-of-living

What the New York state-tax burden means for Financial Advisor take-home

Mid-band state-tax burden at 5.4% effective. Combined with federal and FICA, take-home is $116,960 (69.6% of gross). After the 107.8 RPP, real take-home is $108,455. Local-tax overlay: New York City residents add 3.078–3.876% city tax (Yonkers ~16.75% surtax on state liability). NYC numbers are not in the table — subtract roughly $5,879/year for a 5-borough resident at this income.

Computed from 2026 IRS federal brackets (Rev. Proc. 2025-32), 2026 state DOR brackets, and 2026 FICA rates. Single filer, standard deduction, no other adjustments. See methodology · tax for limitations (married filers, ITM/SALT itemizers, retirement deferrals, HSA, dependent credits, etc.).

National context

Across the United States, BLS reports a national median of $102,140 for Financial Advisors with mean pay of $160,210 and total employment of 270,480. New York sits at #1 on nominal pay and #1 on real (cost-adjusted) pay among the 51 states and DC. Nominal and real ranking are the same — cost of living and pay scale together.

Frequently asked questions

How much does a Financial Advisor make in New York?: BLS reports a median annual wage of $167,970 for Financial Advisors in New York as of the latest OES release. That is the 50th-percentile figure — half earn more, half earn less. The 25th-percentile is $99,150 and the 75th-percentile is —.
How are New York Financial Advisor salaries calculated on this page?: Nominal wages come from BLS Occupational Employment and Wage Statistics (OES) — annual employer surveys, May 2026 reference period. Real-wage figures use BEA Regional Price Parities (2023 vintage) to adjust for state-level cost of living. No self-report or jobs-board data is mixed in.
Where does New York rank for Financial Advisor pay?: On nominal BLS wages alone, New York ranks among the 51 states and DC by median pay. After the BEA cost-of-living adjustment the ordering changes — high-cost states fall, low-cost states rise. Both rankings are shown in the data table on this page.
Is New York a 'real-wage arbitrage' state for Financial Advisors?: No — New York's RPP is close to the national 100 baseline, so nominal and real wages move roughly together. Neither an arbitrage nor a penalty state.
Should I negotiate based on the BLS median for New York?: The BLS median is a calibration anchor, not a ceiling. Use it to validate that an offer is in-band — anything well below the P25 in this state is a flag, anything above the P75 typically requires demonstrable specialty depth, niche credentials, or a high-COL metro within New York.
When does this data update?: BLS OES releases a new May reference set roughly each spring; we re-run the ETL pipeline within two weeks of release. BEA RPP refreshes annually. The last-synced timestamp at the top of this page reflects the most recent build.
AUM-fee economics — what does it take to earn the New York BLS median?: The classic 1% AUM fee on a $50M practice yields $500K gross revenue. After overhead (typically 30-50% of revenue: staff, technology, custodial fees, compliance, rent, marketing) the principal advisor in New York nets $250-350K, well above the BLS-reported W-2 median for SOC 13-2052. To match the BLS-reported median for New York as a wirehouse W-2 advisor, the typical book size required is $30-40M AUM at standard grid payouts — achievable in 5-10 years with strong recruiting and referral systems. Below that production threshold, wirehouse advisors are typically counseled out or transition to support roles.

Sources & methodology

U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OES), SOC 13-2052, 2024 reference period.
U.S. Bureau of Economic Analysis — Regional Price Parities, 2023 vintage (all-items, goods, services, rents).
Real-wage figures = nominal BLS wage ÷ (state RPP / 100).
See the methodology page for full computation details and limitations.

By Marcus Liang · Founder & Editor · Last synced 2026-05-08.

Cross-comparison: see how New York Financial Advisor pay ranks against the other 254 state × occupation pages on the Real Wage Atlas → — four-way ranking by real wage, after-tax take-home, state-tax savings, and cost-of-living arbitrage.