The annual salary statistics of personal financial advisors in New York-Northern New Jersey-Long Island, New York is shown in Table 1. The wage data of personal financial advisors in New York-Northern New Jersey-Long Island is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $72,040 |
| 25th Percentile Wage | $95,780 |
| 50th Percentile Wage | $167,850 |
| 75th Percentile Wage | $182,310 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in New York-Northern New Jersey-Long Island, New York in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $182,310. The median (50th percentile) annual salary is $167,850. The average annual salary for the bottom 10 percent earners is $72,040.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $167,850 | 22.48% | 41.68% |
| 2021 | $130,110 | -12.67% | - |
| 2020 | $146,600 | 4.08% | - |
| 2019 | $140,620 | 3.63% | - |
| 2018 | $135,510 | -2.58% | - |
| 2017 | $139,010 | 6.21% | - |
| 2016 | $130,380 | 4.03% | - |
| 2015 | $125,120 | 10.29% | - |
| 2014 | $112,250 | 3.29% | - |
| 2013 | $108,560 | 9.83% | - |
| 2012 | $97,890 | - | - |
From Table 3 we note that with a median annual salary of $167,850, New York-Northern New Jersey-Long Island is the highest paying city for personal financial advisors in state of New York, followed by New York-White Plains-Wayne (median annual salary $117,210). In comparison, the median annual salary of personal financial advisors in New York-Northern New Jersey-Long Island is 30.2 percent (30.2%) higher than that in New York-White Plains-Wayne.
| Cities/Areas | Median Annual Salary |
|---|---|
| New York-Northern New Jersey-Long Island | |
| New York-White Plains-Wayne | |
| Albany-Schenectady-Troy | |
| Utica-Rome | |
| Glens Falls | |
| Southwest New York nonmetropolitan area | |
| Rochester | |
| Ithaca | |
| Poughkeepsie-Newburgh-Middletown | |
| Watertown-Fort Drum | |
| Central New York nonmetropolitan area | |
| Nassau-Suffolk | |
| Elmira | |
| Binghamton | |
| Kingston | |
| Buffalo-Niagara Falls | |
| Capital-Northern New York nonmetropolitan area | |
| Central East New York nonmetropolitan area | |
| Syracuse |