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Financial Advisor Salary in Albany, NY β€” 2026 Guide

Estimated salaries are adjusted for Albany's cost of living (index: 95). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Financial Advisor Salary in Albany β€” Key Numbers

$94,601
Median Salary
$57,105
25th Percentile
$156,228
75th Percentile
$227,240
90th Percentile
National median (Financial Advisor)$99,580
vs. National median-5.0%
Albany median household income$66,800
vs. City household income+41.6%

Cost of Living in Albany

Cost of Living Index
95(100 = avg)
Median Monthly Rent$1,200/mo
Rent-to-Income Ratio15.2%
Annual rent cost$14,400
Median Home Price$275,000
Home Price / Salary2.9Γ—
20% Down Payment$55,000
Years to save (20% rate)2.9 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3Γ— is affordable; above 5Γ— is expensive by traditional guidelines.

Job Market in Albany

3.5%
Unemployment Rate
905,000
Metro Population
24 min
Avg Commute
38.4
Median Age

Albany has a metro population of 905,000, offering a sizeable job market with strong opportunities across key sectors. The 3.5% unemployment rate is below the national average, suggesting a tight labor market favorable to job seekers.

Frequently Asked Questions

How much does a Financial Advisor make in Albany, NY?

The estimated median salary for a Financial Advisor in Albany is $94,601 per year (2026). This is derived from the national BLS median of $99,580 adjusted by Albany's cost of living index (95). The typical salary range runs from $57,105 (25th percentile) to $156,228 (75th percentile), with top earners reaching $227,240.

Is Albany affordable for a Financial Advisor?

On a $94,601 annual salary, a Financial Advisor in Albany would spend approximately 15.2% of gross monthly income on median rent ($1,200/month). This is well within the 28% affordability threshold, making Albany relatively affordable for this profession. The median home price of $275,000 is 2.9Γ— the annual salary.

How does a Financial Advisor's salary compare to Albany's overall income?

Albany's median household income is $66,800. A Financial Advisor earning the city-adjusted median of $94,601 earns 41.6% more than the typical Albany household β€” placing them solidly in the middle-to-upper income tier for the city.

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.