StateRates

Personal Financial Advisors salary by state

The median personal financial advisors in the United States earned $102,140 a year in 2024, about $49.11 an hour. Across the 47 states reporting the occupation, pay runs from $167,970 in New York down to $65,150 in Mississippi.

Business and financial SOC 13-2052

National median $102,140 $49.11 per hour
Highest paying state $167,970 New York
Lowest paying state $65,150 Mississippi
Employed 256,810 across 47 states

What the spread means

Pay for this occupation varies enormously by location. New York pays roughly 2.6 times what Mississippi does for the same job title, which is a wider gap than most occupations show and usually points to differences in licensing, unionisation or the industries that employ these workers in each state.

A high median is not automatically a better deal. States that pay well for this work are frequently expensive places to live, and the same salary buys very different amounts of housing and energy depending on where it is earned. The state pages linked below carry electricity, gas and housing figures for the same places.

Highest paying states

Lowest paying states

Where the work is concentrated

Location quotient compares how common an occupation is in a state against how common it is nationally. A value of 2 means the state employs twice the national share of these workers. It is a better guide to where the jobs actually are than the raw count, which mostly tracks state population.

Most concentrated states, 2024
State Concentration Employed Median pay
New York 1.72× 28,820 $167,970
Rhode Island 1.49× 1,290 $100,880
New Hampshire 1.42× 1,710 $82,530
Connecticut 1.35× 3,990 $107,030
Arizona 1.28× 7,190 $85,150

Every state

Personal Financial Advisors pay by state, 2024
# State Median salary Hourly 10th pct 90th pct Employed vs U.S.
1 New York $167,970 $80.76 $70,210 not reported 28,820 + 64.5%
2 Idaho $136,440 $65.59 $49,820 $203,990 930 + 33.6%
3 California $128,650 $61.85 $65,990 not reported 34,070 + 26%
4 Delaware $128,170 $61.62 $54,910 $217,810 600 + 25.5%
5 New Jersey $123,690 $59.47 $64,170 not reported 6,830 + 21.1%
6 South Dakota $123,380 $59.32 $79,410 not reported 500 + 20.8%
7 Maryland $122,510 $58.90 $51,170 not reported 5,560 + 19.9%
8 Wisconsin $115,680 $55.61 $56,670 not reported 5,240 + 13.3%
9 Washington $112,020 $53.86 $63,150 not reported 6,510 + 9.7%
10 Connecticut $107,030 $51.46 $52,900 not reported 3,990 + 4.8%
11 Illinois $104,310 $50.15 $54,150 not reported 10,410 + 2.1%
12 Pennsylvania $103,290 $49.66 $49,990 not reported 12,370 + 1.1%
13 Indiana $101,670 $48.88 $48,810 not reported 5,370 -0.5%
14 Massachusetts $101,320 $48.71 $65,060 not reported 7,410 -0.8%
15 Rhode Island $100,880 $48.50 $53,470 $206,300 1,290 -1.2%
16 District of Columbia $100,840 $48.48 $65,120 $224,350 650 -1.3%
17 Kansas $100,810 $48.47 $55,700 not reported 3,130 -1.3%
18 Virginia $99,990 $48.07 $57,880 not reported 5,560 -2.1%
19 North Dakota $98,990 $47.59 $55,850 $217,370 480 -3.1%
20 South Carolina $98,900 $47.55 $51,360 not reported 2,070 -3.2%
21 Michigan $98,830 $47.52 $45,980 not reported 6,030 -3.2%
22 Georgia $98,490 $47.35 $45,960 not reported 7,540 -3.6%
23 Montana $96,670 $46.48 $52,340 not reported 480 -5.4%
24 Minnesota $94,420 $45.39 $44,380 not reported 6,360 -7.6%
25 Tennessee $89,390 $42.97 $40,400 not reported 4,350 -12.5%
26 Florida $88,040 $42.33 $47,460 not reported 21,230 -13.8%
27 Colorado $85,580 $41.14 $61,910 $181,000 5,930 -16.2%
28 Arizona $85,150 $40.94 $45,470 $163,770 7,190 -16.6%
29 Missouri $84,040 $40.40 $49,730 $219,410 4,860 -17.7%
30 New Hampshire $82,530 $39.68 $56,100 $160,560 1,710 -19.2%
31 Texas $82,180 $39.51 $47,830 $229,510 17,570 -19.5%
32 Ohio $82,100 $39.47 $46,280 $238,140 10,210 -19.6%
33 Nevada $81,940 $39.39 $51,630 not reported 1,430 -19.8%
34 Iowa $81,790 $39.32 $47,910 not reported 2,400 -19.9%
35 Vermont $81,360 $39.11 $49,990 $234,100 480 -20.3%
36 Oregon $80,190 $38.55 $47,410 not reported 2,120 -21.5%
37 Alabama $79,600 $38.27 $35,710 not reported 2,320 -22.1%
38 Kentucky $79,100 $38.03 $46,280 not reported 1,870 -22.6%
39 Louisiana $78,150 $37.57 $42,570 not reported 1,280 -23.5%
40 West Virginia $77,790 $37.40 $39,100 not reported 730 -23.8%
41 New Mexico $77,710 $37.36 $39,100 not reported 570 -23.9%
42 Hawaii $75,680 $36.38 $49,920 not reported 610 -25.9%
43 Arkansas $75,150 $36.13 $34,050 not reported 1,250 -26.4%
44 Nebraska $74,040 $35.59 $44,900 $224,700 1,670 -27.5%
45 Oklahoma $73,020 $35.11 $23,990 not reported 1,340 -28.5%
46 Utah $67,210 $32.31 $39,990 not reported 2,620 -34.2%
47 Mississippi $65,150 $31.32 $40,110 not reported 870 -36.2%

Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2024 state estimates. Retrieved 2026-09-09. Figures cover wage and salary workers and exclude the self-employed. Methodology

Frequently asked questions

How much does a personal financial advisors make?

The national median is $102,140 a year, or about $49.11 an hour, as of the 2024 Occupational Employment and Wage Statistics survey. Half of workers in the occupation earn more than that and half earn less.

Which state pays personal financial advisorss the most?

New York, at a median of $167,970. Idaho ($136,440) and California ($128,650) follow. Pay that looks high often reflects a high cost of living rather than a better deal, so it is worth reading alongside what housing and energy cost in the same state.

How many people work as personal financial advisorss?

About 256,810 across the states reporting the occupation, against a national estimate of 270,480.

Is this figure a salary or an hourly rate?

Both are published. BLS surveys employers rather than workers, so these are wages paid rather than wages reported by employees, and they exclude self-employed people. Annual figures for occupations that are typically part-time or seasonal should be read with that in mind.