Personal Financial Advisors Salary in New Mexico
Official Bureau of Labor Statistics Data - May 2024 - NM
Median Annual Salary in New Mexico
$86,635
$41.65 / hour
▼ 13.0% below national avg
National Median
$99,580
$47.88 / hour nationally
COL-Adjusted Purchasing Power
$94,168
Missouri equivalent (COL: 92)
Personal Financial Advisors Salary in New Mexico
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $45,917 |
| 25th Percentile | $62,377 |
| 50th (Median) | $86,635 |
| 75th Percentile | $119,556 |
| 90th (Top Earners) | $149,012 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The New Mexico median salary of $86,635 for Personal Financial Advisors has the purchasing power of approximately $94,168 in Missouri (the COL baseline state with index 100).
New Mexico's lower cost of living (COL index: 92) means your salary goes further than in higher-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Personal Financial Advisors make in New Mexico?
Personal Financial Advisors in New Mexico earn a median annual salary of $86,635 per year ($41.65/hr) according to BLS OEWS data (May 2024). This is below the national median of $99,580.
Is New Mexico a good state for Personal Financial Advisors?
New Mexico pays slightly below the national average for personal financial advisors. Cost of living in New Mexico is lower average (COL index: 92).
What is the cost-of-living adjusted salary for Personal Financial Advisors in New Mexico?
After adjusting for cost of living (COL index: 92 vs. Missouri baseline of 100), the $86,635 salary in New Mexico has the purchasing power of approximately $94,168 in Missouri. Lower living costs in New Mexico increase real purchasing power.
How does New Mexico compare to neighboring states for Personal Financial Advisors salaries?
For detailed comparison across all states, see the full Personal Financial Advisors salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in New Mexico
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $289,014 |
| 2 | Radiologists | $269,630 |
| 3 | Orthopedic Surgeons, Except Pediatric | $266,411 |
| 4 | Surgeons, All Other | $256,232 |
| 5 | Ophthalmologists, Except Pediatric | $236,536 |
| 6 | Psychiatrists | $217,324 |
| 7 | Physicians, Pathologists | $212,210 |
| 8 | General Internal Medicine Physicians | $211,706 |
| Source: BLS OEWS May 2024 | ||
About Personal Financial Advisors in New Mexico
Personal Financial Advisors work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the business finance sector of the U.S. economy.
Education Required: Bachelor's degree