The highest-paying states for personal financial advisors (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment of personal financial advisors in those states are also shown in the table. As shown in the table, with an annual salary of $167,000, New York is the highest paying state for personal financial advisors. It is followed by New Jersey (average annual salary $129,790). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2023 [1]. For more salary information of personal financial advisors in a specific state, use the links in the table.
| Rank | State | Average Salary i | Entry Level Salary i |
# of Empl. i |
|---|---|---|---|---|
| 1 | New York | $167,000 |
$65,510 | 26,800 |
| 2 | New Jersey | $129,790 |
$60,010 | 8,160 |
| 3 | Delaware | $121,930 |
$59,770 | 430 |
| 4 | South Dakota | $119,080 |
$78,280 | 430 |
| 5 | Massachusetts | $110,800 |
$56,410 | 7,850 |
| 6 | Pennsylvania | $104,650 |
$57,420 | 11,030 |
| 7 | Maine | $104,540 |
$43,490 | 610 |
| 8 | Connecticut | $104,020 |
$51,670 | 3,520 |
| 9 | California | $102,270 |
$59,010 | 32,670 |
| 10 | North Carolina | $102,200 |
$41,920 | 13,650 |
| 11 | Washington | $101,290 |
$50,000 | 6,160 |
| 12 | Rhode Island | $101,080 |
$63,150 | 1,140 |
| 13 | Colorado | $100,410 |
$51,390 | 6,550 |
| 14 | Vermont | $96,890 |
$59,560 | 350 |
| 15 | Montana | $95,600 |
$46,510 | 740 |
| 16 | Wisconsin | $95,320 |
$41,820 | 5,240 |
| 17 | Maryland | $95,040 |
$48,060 | 4,980 |
| 18 | Oregon | $93,370 |
$49,970 | 3,050 |
| 19 | Alaska | $90,640 |
$45,370 | 160 |
| 20 | Virginia | $90,380 |
$47,030 | 5,720 |
| 21 | Minnesota | $85,420 |
$50,860 | 6,740 |
| 22 | Oklahoma | $84,990 |
$39,040 | 1,800 |
| 23 | Idaho | $84,560 |
$37,680 | 730 |
| 24 | Kentucky | $84,070 |
$45,830 | 3,410 |
| 25 | Missouri | $82,140 |
$46,430 | 5,480 |
| 26 | New Hampshire | $82,100 |
$45,530 | 1,920 |
| 27 | Illinois | $81,830 |
$44,970 | 12,970 |
| 28 | Georgia | $81,730 |
$44,990 | 7,650 |
| 29 | Iowa | $81,410 |
$35,570 | 2,070 |
| 30 | North Dakota | $81,160 |
$37,520 | 570 |
| 31 | Michigan | $80,940 |
$43,460 | 6,630 |
| 32 | Nebraska | $80,530 |
$40,000 | 1,260 |
| 33 | New Mexico | $80,280 |
$50,030 | 770 |
| 34 | Florida | $79,900 |
$37,200 | 24,640 |
| 35 | Ohio | $79,160 |
$43,490 | 9,930 |
| 36 | Kansas | $79,070 |
$47,510 | 3,380 |
| 37 | Indiana | $78,360 |
$41,870 | 4,860 |
| 38 | Texas | $77,600 |
$37,000 | 21,860 |
| 39 | District of Columbia | $77,440 |
$59,250 | 950 |
| 40 | Nevada | $77,300 |
$48,060 | 2,050 |
| 41 | Alabama | $76,640 |
$37,390 | 2,480 |
| 42 | Virgin Islands | $71,910 |
$35,930 | 30 |
| 43 | Louisiana | $70,220 |
$46,500 | 1,770 |
| 44 | Wyoming | $67,270 |
$40,610 | 500 |
| 45 | Guam | $66,270 |
$42,990 | 70 |
| 46 | Hawaii | $65,950 |
$48,360 | 620 |
| 47 | Utah | $65,540 |
$40,720 | 3,320 |
| 48 | South Carolina | $65,270 |
$43,170 | 2,680 |
| 49 | Tennessee | $65,270 |
$35,670 | 3,140 |
| 50 | Arizona | $63,530 |
$38,150 | 5,700 |
| 51 | Mississippi | $63,230 |
$36,850 | 1,140 |
| 52 | West Virginia | $57,390 |
$35,900 | 680 |
| 53 | Arkansas | $48,460 |
$29,120 | 1,770 |
| 54 | Puerto Rico | $36,550 |
$25,220 | 310 |