Financial Advisor Hourly Pay in Westfield, NJ: $58.49 (2026)
Quick Answer:Hourly pay for a financial advisor working in Westfield, NJ runs $58.49 at the median for 2026 — annualizing to $121,657 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Westfield's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $50.77 nationally would. A 24-hour part-time schedule grosses $72,994 per year.
Based on BLS state-level estimates · View source
In Westfield, NJ, financial advisors earn a median hourly rate of $58.49, significantly surpassing the national median of $52.18. This premium reflects the area's higher cost of living and the demand for specialized financial services. For those seeking part-time or per-diem opportunities, such as working three days a week, the flexible nature of this profession allows advisors to adapt their schedules to fit client needs. The hourly pay range offers entry-level positions starting at approximately $33.92, climbing to elite practitioners earning as much as $90.66 per hour. Typical settings for financial advisors include wirehouse branch offices, independent firms, and remote meeting environments, where providing tailored advice to diverse clientele is crucial.
About the Westfield Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.92 | $271.39 |
| Lower Range (P25) | $42.66 | $341.30 |
| Median (P50) | $58.49 | $467.91 |
| Upper Range (P75) | $74.86 | $598.89 |
| Top Earners (P90) | $90.66 | $725.25 |
Estimated Annual Income by Work Schedule in Westfield
Based on $58.49/hr median hourly rate · 2026 est.
At $58.49/hr, a financial advisor working full-time (40 hr/wk) in Westfield, NJ can expect to earn approximately $121,656 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,186. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Westfield.
Hourly Rate Calculator
Schedule Comparison in Westfield
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,339.54 | $10,138 | $121,656 |
| Part-Time (24 hrs) | $1,403.72 | $6,083 | $72,994 |
| Per Diem (16 hrs) | $935.82 | $4,055 | $48,662 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Westfield) | $58.49 |
| 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 Westfield, NJ earn a median of $121,657 per year (2026 est.), which is 12.09% higher than the national median of $108,537 and 2.70% below the New Jersey state average of $125,033.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $58.49/hr = $72,994/year (purchasing power: $63,362).
Working 40h/week (full-time) = $121,656/year (purchasing power: $105,604).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$47.34/hr
2025 BLS Actual
$56.62/hr
2026 Current Est.
$58.49/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Westfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.34/hr | Actual |
| 2020 | $48.14/hr | Actual |
| 2021 | $50.75/hr | Actual |
| 2022 | $51.40/hr | Actual |
| 2023 | $53.66/hr | Actual |
| 2024 | $79.75/hr | Actual |
| 2025 | $56.62/hr | Actual |
| 2026(current) | $58.49/hr | Estimated |
| 2027 | $60.42/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Westfield grew 19.6% from $47.34/hr (2019) to $56.62/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $60.42/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 Westfield 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 Westfield
Exploring the financial advisor hourly pay in Westfield reveals interesting dynamics for those working part-time or as per-diem advisors. A part-time financial advisor working 24 hours a week may see an annual take-home that reflects a comfortable income yet falls short of full-time earnings. While per-diem or 1099 roles are less common in junior positions, seasoned advisors often charge between $3,000 and $15,000 for project-based financial plans. Furthermore, distinctions in hourly compensation emerge based on employer types. Advisors at wirehouses may accept lower hourly rates in exchange for benefits such as health insurance, while those at fee-only RIAs can demand higher hourly rates without additional perks. For those in Westfield, negotiating a favorable arrangement hinges on understanding these variables and considering the trade-offs of benefits versus hourly pay rates.
More salary data for Westfield, NJ:
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 Westfield. 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 Westfield 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