Financial Advisor Hourly Pay in Hempstead, NY: $59.11 (2026)
Quick Answer:Hourly pay for a financial advisor working in Hempstead, NY runs $59.11 at the median for 2026 — annualizing to $122,953 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Hempstead's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $51.00 nationally would. A 24-hour part-time schedule grosses $73,767 per year.
Based on BLS state-level estimates · View source
In Hempstead, NY, the financial advisor hourly pay stands at $59.11, which exceeds the national median of $52.18. This higher hourly rate reflects the area's cost of living and demand for financial expertise. For part-time or per-diem financial advisors working three days a week, that rate translates to significant earnings, allowing for flexible work arrangements across various settings. Whether meeting clients at wirehouse branch offices, RIA conference rooms, or during remote virtual planning sessions, financial advisors can leverage their skills effectively while also taking advantage of a wide range of environments to connect with clients. Entry-level positions generally start around $34.29 per hour, while more experienced professionals can earn as much as $91.63 hourly, highlighting the substantial earning potential within this profession in Hempstead.
About the Hempstead Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $34.29 | $274.28 |
| Lower Range (P25) | $42.56 | $340.48 |
| Median (P50) | $59.11 | $472.87 |
| Upper Range (P75) | $75.67 | $605.34 |
| Top Earners (P90) | $91.63 | $733.02 |
Estimated Annual Income by Work Schedule in Hempstead
Based on $59.11/hr median hourly rate · 2026 est.
At $59.11/hr, a financial advisor working full-time (40 hr/wk) in Hempstead, NY can expect to earn approximately $122,945 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,930. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Hempstead.
Hourly Rate Calculator
Schedule Comparison in Hempstead
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,364.33 | $10,245 | $122,945 |
| Part-Time (24 hrs) | $1,418.60 | $6,147 | $73,767 |
| Per Diem (16 hrs) | $945.73 | $4,098 | $49,178 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Hempstead) | $59.11 |
| 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 Hempstead, NY earn a median of $122,953 per year (2026 est.), which is 13.28% higher than the national median of $108,537 and 3.50% below the New York state average of $127,412.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $59.11/hr = $73,767/year (purchasing power: $63,647).
Working 40h/week (full-time) = $122,945/year (purchasing power: $106,079).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$47.84/hr
2025 BLS Actual
$57.22/hr
2026 Current Est.
$59.11/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Hempstead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.84/hr | Actual |
| 2020 | $48.65/hr | Actual |
| 2021 | $51.28/hr | Actual |
| 2022 | $51.95/hr | Actual |
| 2023 | $54.23/hr | Actual |
| 2024 | $90.38/hr | Actual |
| 2025 | $57.22/hr | Actual |
| 2026(current) | $59.11/hr | Estimated |
| 2027 | $61.06/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Hempstead grew 19.6% from $47.84/hr (2019) to $57.22/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $61.06/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 Hempstead 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 Hempstead
Focusing on the earning potential for part-time advisors in Hempstead, a typical financial advisor working only 24 hours a week can still achieve a respectable return compared to full-time counterparts. Per-diem or project-based roles often present unique opportunities, especially for seasoned fiduciaries, who may offer project-based financial plans priced between $3,000 and $15,000. Consulting for small businesses can yield an annual retainer of $5,000 to $25,000, showing how flexible structures can provide financial security. Hourly rates may vary significantly based on employer type; advisors at wirehouses like Morgan Stanley or UBS, in comparison to independent broker-dealers and RIAs, often face different compensation models influenced by their focus, whether commission or fee-based. Some financial advisors might accept lower hourly compensation from positions that include benefits such as health insurance, while independent professionals or those associated with smaller firms may opt for higher rates without employer benefits. Negotiation skills are vital when determining your pay and can involve emphasizing the value of your experience and credentials in a market where specialization is increasingly prized, particularly in a competitive area like Hempstead.
More salary data for Hempstead, NY:
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 Hempstead. 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 Hempstead 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