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Financial Planning > College Planning

How Much Do Financial Advisors Earn in Different States?

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Not all advisors are created equal. Some make more than others depending on where they live. The results can be surprising.

The Bureau of Labor Statistics tracks salaries by state and major metro area. An internet search of “BLS salaries” and your state or city should bring up the report. The current one is May 2019.

One of the job descriptions is Personal Financial Advisor (code 13-2052). That often pays the best. It’s found in the category Business and Financial Operations Occupations.

Similar jobs are listed elsewhere, under Sales and Related Occupations.

Where Are Financial Advisors Paid the Most?

You are a bottom-line kind of person. The results might surprise you.

Top 5 States for Financial Advisor Earnings per Year New York $166,790, Illinois 142,440, Connecticut 137,440, Massachusetts 137,050, Maine 135,660

What Personal Financial Advisors Earn, State by State

Lets focus on the first category, Personal Financial Advisors.

Advisor earnings by state

Here’s an unexpected outcome: If you look at what other professions in your state or city average, you will likely find personal financial advisors are close in income to lawyers and many medical professions. You might hold some of these prospects in high regard, yet you are a peer in terms of average income.

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