Financial Advisor Salary in Montclair, NJ: $123,802 (2026)
Quick Answer:A full-time financial advisor in Montclair, NJ earns a median $123,802/year (≈ $59.52/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Montclair's price level (15% above national, BEA RPP 115.2), that paycheck buys what $107,467 would nationally. Nominal pay sits 1.0% below the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Montclair, NJ, is projected to reach a median annual figure of $123,802, showcasing an attractive compensation landscape that is notably above the national median of $108,537. With salaries ranging from a pocket-friendly $71,805 at the 10th percentile to an impressive $191,893 at the 90th percentile, these local figures reflect regional economic conditions and cost adjustments derived from BLS state-level data. This promising compensation potential has implications for financial advisors looking to transition into independent roles, as the growing trend towards independence increases opportunities for long-term wealth accumulation through higher asset management fees and stronger client relationships.
About the Montclair Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,805 | $34.52 |
| Lower Range (P25) | $90,218 | $43.38 |
| Median (P50)(typical) | $123,802 | $59.52 |
| Upper Range (P75) | $158,466 | $76.18 |
| Top Earners (P90) | $191,893 | $92.26 |
Median Salary Position
14.06% above the national average
2026 Salary Percentile Distribution in Montclair
In Montclair, NJ, the financial advisor salary spread from the 10th to 90th percentile is $120,088 (2026 est.). At $123,802, the local median is 14.06% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Montclair: You'd be in the lower-middle range
How Montclair Financial Advisor Pay Compares
Montclair median: $123,802/year (2026)
| Compared To | Median Salary | Montclair Pays |
|---|---|---|
| New Jersey Average | $125,052 | -1.00% less |
| National Average | $108,537 | +14.06% more |
Financial Advisors in Montclair, NJ earn a median of $123,802 per year (2026 est.), which is 14.06% higher than the national median of $108,537 and 1.00% below the New Jersey state average of $125,052.
Cost-of-Living Adjusted Salary
Montclair has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Montclair, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $123,802 is competitive, the higher cost of living reduces purchasing power to an effective $107,467 — a 13.19% reduction.
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2019 BLS Actual
$100,205
2025 BLS Actual
$119,847
2026 Current Est.
$123,802
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Montclair (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,205 | Actual |
| 2020 | $101,893 | Actual |
| 2021 | $107,414 | Actual |
| 2022 | $108,806 | Actual |
| 2023 | $113,585 | Actual |
| 2024 | $168,814 | Actual |
| 2025 | $119,847 | Actual |
| 2026(current) | $123,802 | Estimated |
| 2027 | $127,887 | Projected |
Based on 7 years of BLS OEWS data for the Montclair metropolitan area, the median financial advisor salary grew 19.6% from $100,205 (2019) to $119,847 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $127,887 by 2027 — a total increase of $27,682 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Montclair 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $71,805 – $90,218 |
| 3-5 years (Mid Career) | $90,218 – $123,802 |
| 5+ years (Experienced) | $123,802 – $158,466 |
| 10+ years (Top Earner) | $158,466 – $191,893 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Montclair
Building a career as a financial advisor in Montclair involves understanding key elements of the local job market and its cost-of-living implications. Currently, there are 10 financial advisors employed in the area, which contributes to a tight yet competitive market for talent. With a cost of living index pegged at 115.2, advisors must be strategic in maximizing their take-home pay while balancing quality of life in this affluent community. Wirehouses like Merrill Lynch and Morgan Stanley tend to offer the highest salaries, appealing to those comfortable with the commission-based model. In contrast, independent advisors and those at RIAs have the potential to grow their earnings significantly through AUM-based fees, particularly if they hold credentials such as CFP or CFA. Factors like client concentration, book size, and business models can significantly influence financial advisor pay in Montclair, NJ, so professionals should focus on differentiating their services and establishing strong client partnerships to thrive in this dynamic environment.
More salary data for Montclair, 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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $119,847 for financial advisorsin the Montclair metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Montclair 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