Pay for personal financial advisors in every state, what it comes to after tax, and how far it goes after local prices and rent.
Personal financial advisors earn a median of $105,070 a year, or $50.51 an hour, 106.1% more than the $50,980 median for all jobs. Pay is highest in New York ($166,400) and lowest in Mississippi ($63,300). Occupation code 13-2052 in the Bureau of Labor Statistics survey.
Half of the 266,800 personal financial advisors in the survey earn between $72,440 and $176,790. The bottom tenth earn under $50,190, the figure the Bureau itself uses as a rough guide to starting pay, and the top tenth more than $357,020. The average is $156,670; it sits above the median because the top earners pull it up. Many personal financial advisors work for themselves, and the survey leaves them out, so these figures describe employees only.
| Nationally | Per year | Per hour |
|---|---|---|
| Bottom 10% earn less than | $50,190 | $24.13 |
| Bottom quarter earn less than | $72,440 | $34.83 |
| Median | $105,070 | $50.51 |
| Top quarter earn more than | $176,790 | $85.00 |
| Top 10% earn more than | $357,020 | $171.64 |
Hourly figures divide the yearly ones by 2,080 hours, the survey's own full-time year. Convert any salary.
The highest state medians are in New York ($166,400), New Jersey ($158,570), California ($130,330), Connecticut ($129,720) and South Dakota ($128,720). The lowest are in Mississippi ($63,300), Kentucky ($67,150), Oklahoma ($68,670), Hawaii ($76,070) and North Dakota ($76,870). The survey does not publish a figure for 2 states, usually because too few people do the job there.
Higher pay often comes with higher prices. Adjusted for each state's price level, pay goes furthest in New York ($154,187 at national prices), New Jersey ($145,738), South Dakota ($145,305), Wisconsin ($126,925) and Delaware ($125,291).
The most personal financial advisors work in California (32,200), New York (21,550) and Florida (21,490). Relative to all jobs, the work is most common in Kansas (2.9 per 1,000 jobs), New Hampshire (2.7) and North Carolina (2.5).
On the national median of $105,070, a single filer in a state with no income tax takes home about $82,747 a year after federal tax, Social Security and Medicare, or $3,183 every two weeks. On each state's own median and taxes, take-home ranges from $50,910 in Mississippi to $115,751 in New York. Work out your own paycheck.
The typical rent in each state's median county takes a median 19.3% of a financial advisor's gross pay, and stays under the usual 30% guideline in 47 of the 48 states and DC. With 10% down at a 7.03% mortgage rate, a single financial advisor earning the state median could afford the typical home in its median county in 24 of the 48 states and DC, under the 28% guideline. On the national median alone, that guideline stretches to about $308,611. Try it with your own numbers, or see where this pay covers the typical rent.
| Alabama | $77,990 | $37.50 | −25.8% | $87,804 | $59,836 | 21.1% | 2,540 |
| Alaska | $78,690 | $37.83 | −25.1% | $76,876 | $64,188 | 27.9% | — |
| Arizona | $96,950 | $46.61 | −7.7% | $96,298 | $74,611 | 20.7% | 6,430 |
| Arkansas | $79,420 | $38.18 | −24.4% | $91,354 | $62,131 | 16.6% | 1,320 |
| California | $130,330 | $62.66 | +24.0% | $117,711 | $91,787 | 22.6% | 32,200 |
| Colorado | $89,280 | $42.92 | −15.0% | $86,636 | $67,710 | 27.1% | 6,730 |
| Connecticut | $129,720 | $62.36 | +23.5% | $125,200 | $93,396 | 18.4% | — |
| Delaware | $125,050 | $60.12 | +19.0% | $125,291 | $89,501 | 18.2% | — |
| District of Columbia | $104,990 | $50.48 | −0.1% | $95,531 | $75,366 | 28.9% | 480 |
| Florida | $100,970 | $48.54 | −3.9% | $97,637 | $79,862 | 22.7% | 21,490 |
| Georgia | $101,450 | $48.78 | −3.4% | $105,356 | $75,138 | 19.8% | 6,830 |
| Hawaii | $76,070 | $36.57 | −27.6% | $69,185 | $57,673 | 50.0% | 550 |
| Idaho | $94,370 | $45.37 | −10.2% | $98,823 | $70,218 | 19.6% | 760 |
| Illinois | $120,130 | $57.75 | +14.3% | $120,180 | $87,395 | 12.0% | 9,760 |
| Indiana | $87,710 | $42.17 | −16.5% | $93,979 | $67,947 | 16.2% | 5,400 |
| Iowa | $92,310 | $44.38 | −12.1% | $105,182 | $70,262 | 13.4% | 1,920 |
| Kansas | $102,530 | $49.29 | −2.4% | $113,836 | $75,326 | 14.8% | 4,150 |
| Kentucky | $67,150 | $32.29 | −36.1% | $74,480 | $53,720 | 22.5% | 2,040 |
| Louisiana | — | — | — | — | — | — | 1,470 |
| Maine | — | — | — | — | — | — | 850 |
| Maryland | $99,880 | $48.02 | −4.9% | $95,161 | $74,404 | 23.3% | 5,260 |
| Massachusetts | $125,670 | $60.42 | +19.6% | $118,829 | $90,878 | 23.3% | — |
| Michigan | $77,930 | $37.47 | −25.8% | $80,994 | $60,342 | 20.6% | 6,570 |
| Minnesota | $102,660 | $49.36 | −2.3% | $104,095 | $74,553 | 15.0% | 5,280 |
| Mississippi | $63,300 | $30.43 | −39.8% | $72,798 | $50,910 | 27.4% | 790 |
| Missouri | $99,930 | $48.04 | −4.9% | $110,034 | $74,615 | 15.5% | 4,480 |
| Montana | $97,450 | $46.85 | −7.3% | $102,964 | $72,331 | 18.8% | — |
| Nebraska | $93,280 | $44.85 | −11.2% | $103,526 | $70,509 | 16.7% | 2,210 |
| Nevada | $92,720 | $44.58 | −11.8% | $92,739 | $74,059 | 23.5% | 1,730 |
| New Hampshire | $96,780 | $46.53 | −7.9% | $92,910 | $76,915 | 25.8% | 1,850 |
| New Jersey | $158,570 | $76.24 | +50.9% | $145,738 | $111,674 | 17.4% | 9,300 |
| New Mexico | $94,270 | $45.32 | −10.3% | $102,232 | $71,072 | 18.8% | 610 |
| New York | $166,400 | $80.00 | +58.4% | $154,187 | $115,751 | 11.2% | 21,550 |
| North Carolina | $96,880 | $46.58 | −7.8% | $102,708 | $73,120 | 20.0% | 12,340 |
| North Dakota | $76,870 | $36.96 | −26.8% | $86,411 | $62,354 | 18.9% | 540 |
| Ohio | $90,990 | $43.75 | −13.4% | $98,077 | $71,056 | 17.1% | 7,680 |
| Oklahoma | $68,670 | $33.02 | −34.6% | $78,174 | $54,264 | 22.2% | 1,140 |
| Oregon | $122,830 | $59.05 | +16.9% | $118,836 | $84,792 | 16.7% | 3,070 |
| Pennsylvania | $105,200 | $50.58 | +0.1% | $107,818 | $79,609 | 15.0% | 12,200 |
| Rhode Island | $80,200 | $38.56 | −23.7% | $78,412 | $62,243 | 36.9% | 1,130 |
| South Carolina | $96,330 | $46.31 | −8.3% | $102,753 | $72,545 | 19.0% | 2,400 |
| South Dakota | $128,720 | $61.89 | +22.5% | $145,305 | $99,246 | 12.1% | 620 |
| Tennessee | $84,160 | $40.46 | −19.9% | $91,608 | $68,037 | 21.2% | 3,970 |
| Texas | $99,160 | $47.67 | −5.6% | $102,167 | $78,589 | 17.8% | 18,200 |
| Utah | $77,390 | $37.21 | −26.3% | $78,279 | $59,830 | 27.0% | 2,520 |
| Vermont | $110,020 | $52.89 | +4.7% | $112,313 | $80,525 | 19.3% | 520 |
| Virginia | $102,640 | $49.35 | −2.3% | $101,519 | $75,393 | 21.4% | 6,340 |
| Washington | $114,050 | $54.83 | +8.5% | $106,576 | $89,064 | 19.2% | 5,790 |
| West Virginia | $80,010 | $38.47 | −23.9% | $89,400 | $62,250 | 16.6% | 670 |
| Wisconsin | $119,430 | $57.42 | +13.7% | $126,925 | $87,123 | 12.2% | 5,200 |
| Wyoming | $77,490 | $37.26 | −26.2% | $83,600 | $63,344 | 20.7% | 310 |
Click a column to sort it. “After local prices” divides the median by the state's price level (national average = 100). Take-home is for a single filer on the state median with no retirement or health deductions. Rent share is a year of the typical rent in the state's median county against the median pay. A dash means the survey publishes no figure.
Accountant $83,680 · Project Manager $102,320 · HR Specialist $75,940 · Marketing Specialist $78,760 · Management Analyst $101,860 · Compliance Officer $80,730 · Financial Analyst $102,740 · Loan Officer $76,690