Financial Advisor Hourly Pay in Salem, MA: $60.54 (2026)
Quick Answer:Hourly pay for a financial advisor working in Salem, MA runs $60.54 at the median for 2026 — annualizing to $125,937 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Salem's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $55.80 nationally would. A 24-hour part-time schedule grosses $75,559 per year.
Based on BLS state-level estimates · View source
In Salem, Massachusetts, the financial advisor hourly pay is projected to be $60.54 in 2026, which is notably higher than the national median of $52.18. This discrepancy indicates a robust demand for financial advisory services within the local economy. For part-time financial advisors working three days a week, with a total of 24 hours, the earning potential can be significant—meaning they can still achieve a comfortable income even while maintaining a flexible schedule. The hourly rates for financial advisors in this region can vary widely, ranging from $35.12 at the entry-level to an impressive $93.85 for top earners. This comprehensive range suggests that roles in various settings—such as wirehouse offices, independent RIA conference rooms, and remote client meetings—provide diverse opportunities for advisors at all stages of their careers.
About the Salem Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.12 | $280.98 |
| Lower Range (P25) | $43.59 | $348.74 |
| Median (P50) | $60.54 | $484.35 |
| Upper Range (P75) | $77.50 | $619.97 |
| Top Earners (P90) | $93.85 | $750.78 |
Estimated Annual Income by Work Schedule in Salem
Based on $60.54/hr median hourly rate · 2026 est.
At $60.54/hr, a financial advisor working full-time (40 hr/wk) in Salem, MA can expect to earn approximately $125,932 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,653. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Salem.
Hourly Rate Calculator
Schedule Comparison in Salem
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,421.77 | $10,494 | $125,932 |
| Part-Time (24 hrs) | $1,453.06 | $6,297 | $75,559 |
| Per Diem (16 hrs) | $968.71 | $4,198 | $50,373 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Salem) | $60.54 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Salem, MA earn a median of $125,937 per year (2026 est.), which is 16.03% higher than the national median of $108,537 and 3.60% below the Massachusetts state average of $130,640.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $60.54/hr = $75,559/year (purchasing power: $69,640).
Working 40h/week (full-time) = $125,932/year (purchasing power: $116,066).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$49.00/hr
2025 BLS Actual
$58.61/hr
2026 Current Est.
$60.54/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Salem (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.00/hr | Actual |
| 2020 | $49.83/hr | Actual |
| 2021 | $52.53/hr | Actual |
| 2022 | $53.21/hr | Actual |
| 2023 | $55.55/hr | Actual |
| 2024 | $76.40/hr | Actual |
| 2025 | $58.61/hr | Actual |
| 2026(current) | $60.54/hr | Estimated |
| 2027 | $62.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Salem grew 19.6% from $49.00/hr (2019) to $58.61/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $62.54/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Salem metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Salem
Financial advisors in Salem can adopt varied working arrangements that affect their overall compensation. A part-time advisor working 24 hours each week could earn around $75,000 annually, which contrasts sharply with the potential income of full-time counterparts. Many per-diem or 1099 advisors may find themselves navigating the complexities of independent work; while it’s less common for junior professionals, seasoned advisors often leverage their expertise to charge project-based fees ranging from $3,000 to $15,000 for financial planning engagements. The hourly rates can also differ based on the institutional context, such as whether they’re employed by wirehouses like Morgan Stanley or independent firms like LPL. Some advisors might prefer accepting lower hourly rates from larger firms in exchange for benefits and a steadier paycheck, while others might choose the higher rates available through solo RIA models with fewer perks. When negotiating terms, local advisors should consider Salem’s market dynamics, emphasizing their credentials and unique competencies to achieve competitive hourly rates.
More salary data for Salem, MA:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Salem. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Salem is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov