Pay by state · 49 areas
Financial Advisor Salary by State (2026)
Personal Financial Advisors earn the most in New York at $166,400 a year and the least in Mississippi at $63,300 (BLS OEWS, May 2025). The national median is $105,070. The table below covers 48 states and DC, with a cost-of-living adjusted column.
- Highest median
- $166,400New York
- National median
- $105,070BLS OEWS, May 2025
- Lowest median
- $63,300Mississippi
- Areas reporting
- 49of 54 OEWS areas
Top and bottom
Highest- and lowest-paying states for personal financial advisors
Ranked on the state median among the 48 reporting states and DC.
Highest median pay
- 1New York$166,400
- 2New Jersey$158,570
- 3California$130,330
- 4Connecticut$129,720
- 5South Dakota$128,720
Lowest median pay
- 1Mississippi$63,300
- 2Kentucky$67,150
- 3Oklahoma$68,670
- 4Hawaii$76,070
- 5North Dakota$76,870
All states
Financial Advisor salary in every state
Sort by any column. Employment is the number of personal financial advisors OEWS estimates in that state; blank cells are estimates BLS suppressed because the sample was too small.
| # | ||||||
|---|---|---|---|---|---|---|
| 1 | NYNew York | $166,400 | $102,080 | $282,050 | 21,550 | $154,187 |
| 2 | NJNew Jersey | $158,570 | $102,930 | $269,310 | 9,300 | $145,738 |
| 3 | CACalifornia | $130,330 | $83,860 | $195,420 | 32,200 | $117,711 |
| 4 | CTConnecticut | $129,720 | $81,990 | $165,850 | N/A | $125,200 |
| 5 | SDSouth Dakota | $128,720 | $101,200 | $204,320 | 620 | $145,305 |
| 6 | MAMassachusetts | $125,670 | $83,810 | $174,720 | N/A | $118,829 |
| 7 | DEDelaware | $125,050 | $74,100 | $161,680 | N/A | $125,291 |
| 8 | OROregon | $122,830 | $75,310 | $161,810 | 3,070 | $118,836 |
| 9 | ILIllinois | $120,130 | $73,010 | $175,680 | 9,760 | $120,180 |
| 10 | WIWisconsin | $119,430 | $77,730 | $205,600 | 5,200 | $126,925 |
| 11 | WAWashington | $114,050 | $77,710 | $174,970 | 5,790 | $106,576 |
| 12 | VTVermont | $110,020 | $79,560 | $177,820 | 520 | $112,313 |
| 13 | PAPennsylvania | $105,200 | $75,930 | $173,590 | 12,200 | $107,818 |
| 14 | DCDistrict of Columbia | $104,990 | $58,790 | $189,990 | 480 | $95,531 |
| 15 | MNMinnesota | $102,660 | $68,470 | $166,680 | 5,280 | $104,095 |
| 16 | VAVirginia | $102,640 | $73,490 | $199,990 | 6,340 | $101,519 |
| 17 | KSKansas | $102,530 | $76,590 | $176,090 | 4,150 | $113,836 |
| 18 | GAGeorgia | $101,450 | $65,270 | $194,990 | 6,830 | $105,356 |
| 19 | FLFlorida | $100,970 | $65,120 | $206,290 | 21,490 | $97,637 |
| 20 | MOMissouri | $99,930 | $64,750 | $167,500 | 4,480 | $110,034 |
| 21 | MDMaryland | $99,880 | $63,090 | $174,930 | 5,260 | $95,161 |
| 22 | TXTexas | $99,160 | $64,710 | $163,340 | 18,200 | $102,167 |
| 23 | MTMontana | $97,450 | $76,230 | $131,270 | N/A | $102,964 |
| 24 | AZArizona | $96,950 | $59,610 | $148,090 | 6,430 | $96,298 |
| 25 | NCNorth Carolina | $96,880 | $63,190 | $153,970 | 12,340 | $102,708 |
| 26 | NHNew Hampshire | $96,780 | $64,580 | $133,500 | 1,850 | $92,910 |
| 27 | SCSouth Carolina | $96,330 | $60,780 | $176,200 | 2,400 | $102,753 |
| 28 | IDIdaho | $94,370 | $63,080 | $192,810 | 760 | $98,823 |
| 29 | NMNew Mexico | $94,270 | $73,320 | $183,380 | 610 | $102,232 |
| 30 | NENebraska | $93,280 | $61,200 | $138,130 | 2,210 | $103,526 |
| 31 | NVNevada | $92,720 | $72,990 | $179,140 | 1,730 | $92,739 |
| 32 | IAIowa | $92,310 | $70,190 | $148,290 | 1,920 | $105,182 |
| 33 | OHOhio | $90,990 | $63,670 | $158,070 | 7,680 | $98,077 |
| 34 | COColorado | $89,280 | $63,880 | $132,450 | 6,730 | $86,636 |
| 35 | INIndiana | $87,710 | $50,200 | $164,000 | 5,400 | $93,979 |
| 36 | TNTennessee | $84,160 | $58,880 | $167,410 | 3,970 | $91,608 |
| 37 | RIRhode Island | $80,200 | $62,690 | $133,440 | 1,130 | $78,412 |
| 38 | WVWest Virginia | $80,010 | $53,500 | $131,910 | 670 | $89,400 |
| 39 | ARArkansas | $79,420 | $49,750 | $155,730 | 1,320 | $91,354 |
| 40 | AKAlaska | $78,690 | $62,290 | $152,440 | N/A | $76,876 |
| 41 | ALAlabama | $77,990 | $47,250 | $136,050 | 2,540 | $87,804 |
| 42 | MIMichigan | $77,930 | $49,570 | $138,640 | 6,570 | $80,994 |
| 43 | WYWyoming | $77,490 | $58,090 | $138,110 | 310 | $83,600 |
| 44 | UTUtah | $77,390 | $61,040 | $117,360 | 2,520 | $78,279 |
| 45 | NDNorth Dakota | $76,870 | $63,660 | $102,890 | 540 | $86,411 |
| 46 | HIHawaii | $76,070 | $52,390 | $125,500 | 550 | $69,185 |
| 47 | OKOklahoma | $68,670 | $55,110 | $102,120 | 1,140 | $78,174 |
| 48 | KYKentucky | $67,150 | $45,220 | $114,350 | 2,040 | $74,480 |
| 49 | MSMississippi | $63,300 | $53,070 | $133,920 | 790 | $72,798 |
Method
How the cost-of-living adjustment works
The adjusted column divides each state median by that state's BEA Regional Price Parity (RPP) and multiplies by 100. RPPs measure how much a fixed basket of goods, services and rents costs in one state relative to the national average, so the result restates local pay in national-average dollars.
For personal financial advisors, the adjustment does not change the leader: New York is first on raw pay and still first once prices are taken into account, at $154,187.
Source: BEA Regional Price Parities by State, 2024 (public domain). The adjustment is NueCareer's calculation, not a BLS or BEA published statistic.
Questions
Financial Advisor pay by state: FAQ
Which state pays personal financial advisors the most?
New York reports the highest median wage for personal financial advisors at $166,400 a year (BLS OEWS, May 2025), followed by New Jersey ($158,570) and California ($130,330).
Which state pays personal financial advisors the least?
Among the 48 reporting states and DC, Mississippi reports the lowest median for personal financial advisors at $63,300 a year, $103,100 below the highest-paying state (BLS OEWS, May 2025).
In which states do personal financial advisors earn over $100,000?
19 of the 48 reporting states and DC have a median of $100,000 or more (BLS OEWS, May 2025). The highest is New York; the lowest of them is Florida at $100,970. The rest report less, down to $63,300 in Mississippi.
Is the highest-paying state the best for personal financial advisors after cost of living?
Yes. New York stays first after dividing each state median by its BEA Regional Price Parity, at $154,187 in national-average dollars from a raw $166,400. BEA Regional Price Parities, 2024; the adjustment is NueCareer's calculation.