Financial Advisor Salary in New Mexico
The median financial advisor salary in New Mexico is $88,713 per year, which is 7% below the national median of $95,390.
Financial Advisor Salary in New Mexico by Experience
In New Mexico, an entry-level financial advisor earns around $44,640, while experienced professionals earn up to $167,400 per year. The cost of living index in New Mexico is 93% of the national average.
Salary Percentiles in New Mexico
| Percentile | NM Salary |
|---|---|
| 10th Percentile | $41,292 |
| 25th Percentile | $58,032 |
| Median (50th) | $88,713 |
| 75th Percentile | $138,570 |
| 90th Percentile | $222,270 |
Financial Advisor Salary by City in New Mexico
The largest employment areas for financial advisors in New Mexico include Albuquerque, Las Cruces, Rio Rancho, and Santa Fe. Salaries vary by city based on local cost of living and demand.
How to Become a Financial Advisor in New Mexico
Education
Most financial advisor positions require a bachelor's degree. New Mexico has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Mexico
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). New Mexico's demand may vary based on local industry trends.