Business & Finance Rio Rancho, NM Pop. 104,046

Financial Advisor Salary in Rio Rancho, New Mexico

The median financial advisor salary in Rio Rancho, NM is $87,759 per year, which is 8% below the national median and 1.1% below the New Mexico state average.

City Median
$87,759
vs State Avg
$-954
vs National
$-7,631
Cost of Living
92%

Financial Advisor Salary in Rio Rancho by Experience

In Rio Rancho, an entry-level financial advisor earns around $44,160, while experienced professionals earn up to $165,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$44,160
$-3,840 vs national
Mid Level (3-7 yrs)
$87,400
$-7,600 vs national
Senior Level (8+ yrs)
$165,600
$-14,400 vs national

Salary Percentiles in Rio Rancho, NM

Percentile Rio Rancho
10th Percentile $40,848
25th Percentile $57,408
Median (50th) $87,759
75th Percentile $137,080
90th Percentile $219,880

Financial Advisor Salary in Other New Mexico Cities

Santa Fe, NM
$104,929
Pop. 87,505
Albuquerque, NM
$90,621
Pop. 564,559
Las Cruces, NM
$83,943
Pop. 111,385
Roswell, NM
$78,220
Pop. 48,422

How to Become a Financial Advisor in Rio Rancho

Education

Most financial advisor positions require a bachelor's degree. Rio Rancho and the surrounding New Mexico area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Rio Rancho may vary based on local industry and population growth.

Find Financial Advisor Jobs in Rio Rancho

Browse open financial advisor positions in Rio Rancho, NM:

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Frequently Asked Questions: Financial Advisor Salary in Rio Rancho

How much does a Financial Advisor make in Rio Rancho, NM? ▼
The median financial advisor salary in Rio Rancho, New Mexico is $87,759 per year, which is 8% below the national median of $95,390. Salaries range from $40,848 (10th percentile) to $219,880 (90th percentile).
How much does a Financial Advisor make per hour in Rio Rancho? ▼
Based on the median annual salary of $87,759, a financial advisor in Rio Rancho earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Rio Rancho compare to the New Mexico state average for financial advisor pay? ▼
Rio Rancho's median financial advisor salary of $87,759 is 1.1% below the New Mexico state average of $88,713. The local cost of living index is 92% of the national average.
What is the cost of living in Rio Rancho, NM? ▼
Rio Rancho has a cost of living index of 92% compared to the national average. This means a financial advisor salary of $87,759 in Rio Rancho has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Rio Rancho? ▼
Most financial advisor positions in Rio Rancho require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.