Financial Advisor Hourly Pay in Farmington, NM: $48.55 (2026)
Quick Answer:Hourly pay for a financial advisor working in Farmington, NM runs $48.55 at the median for 2026 — annualizing to $100,980 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Farmington's regional price level (BEA RPP 94.4, 6% below national), each hour of work buys what $51.43 nationally would. A 24-hour part-time schedule grosses $60,592 per year.
Based on BLS state-level estimates · View source
In 2026, the financial advisor hourly pay in Farmington, NM, is projected to be $48.55, which is notably lower than the national hourly median of $52.18. This rate offers a realistic earning potential for part-time advisors who might work three days a week, allowing them to balance personal and professional commitments while still achieving a steady income. Similarly, per-diem financial advisors can operate flexibly by charging clients on an as-needed basis, typically working from various settings such as wirehouse branch offices, RIA conference rooms, or remote planning meetings. For those just starting, the hourly rate ranges from $28.16 for entry-level positions, reaching up to $75.25 for highly experienced professionals, showcasing significant opportunities for growth in this field. These estimates are derived from annual salary data, offering insights into the earning potential in Farmington's evolving financial landscape.
About the Farmington Market
Salary estimated from New Mexico average ($85,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $28.16 | $225.28 |
| Lower Range (P25) | $34.96 | $279.65 |
| Median (P50) | $48.55 | $388.41 |
| Upper Range (P75) | $62.15 | $497.16 |
| Top Earners (P90) | $75.25 | $602.03 |
Estimated Annual Income by Work Schedule in Farmington
Based on $48.55/hr median hourly rate · 2026 est.
At $48.55/hr, a financial advisor working full-time (40 hr/wk) in Farmington, NM can expect to earn approximately $100,986 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $58,261. With a cost-of-living index of 94.40 (below the national average), these earnings stretch further in Farmington.
Hourly Rate Calculator
Schedule Comparison in Farmington
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,942.04 | $8,416 | $100,986 |
| Part-Time (24 hrs) | $1,165.22 | $5,049 | $60,592 |
| Per Diem (16 hrs) | $776.82 | $3,366 | $40,394 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Farmington) | $48.55 |
| 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 Farmington, NM earn a median of $100,980 per year (2026 est.), which is 6.96% lower than the national median of $108,537 and 1.40% below the New Mexico state average of $102,414.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $48.55/hr = $60,592/year (purchasing power: $64,186).
Working 40h/week (full-time) = $100,986/year (purchasing power: $106,977).
CoL index: 94.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$39.30/hr
2025 BLS Actual
$47.00/hr
2026 Current Est.
$48.55/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Farmington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $39.30/hr | Actual |
| 2020 | $39.96/hr | Actual |
| 2021 | $42.12/hr | Actual |
| 2022 | $42.67/hr | Actual |
| 2023 | $44.54/hr | Actual |
| 2024 | $38.02/hr | Actual |
| 2025 | $47.00/hr | Actual |
| 2026(current) | $48.55/hr | Estimated |
| 2027 | $50.15/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Farmington grew 19.6% from $39.30/hr (2019) to $47.00/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $50.15/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 Farmington 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 Farmington
A part-time financial advisor working in Farmington's current environment can realistically take home a significant income, even while only logging 24 hours per week. The earning potential becomes more pronounced when considering the nature of per-diem financial advisor pay, where seasoned advisors often charge substantial fees for specialized project work, ranging from $3,000 to $15,000 per comprehensive financial plan. Different environments influence hourly rates; for example, financial advisors in wirehouses may see different pay structures compared to those in independently owned RIAs. While some practitioners deliberately accept lower hourly rates for the security of benefits such as health insurance, others choose higher hourly rates, foregoing stability for greater immediate compensation. To navigate this dynamic environment successfully, it’s beneficial for advisors to understand their worth and research competitive rates in the area, empowering them for effective negotiations as they manage their career trajectories in Farmington.
More salary data for Farmington, NM:
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 Farmington. 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 Farmington 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