Financial Advisor · Salary Comparison · 2026
Financial Advisor Salary: El Paso, TX vs New York, NY
Side-by-side comparison of salary, taxes, cost of living, and take-home pay for Financial Advisors in El Paso, TX and New York, NY, based on BLS OEWS 2026 data.
1Which City Pays More After Tax?
Higher Gross Salary
✓ New York, NY
$63,000 vs $121,000
Better Purchasing Power
✓ El Paso, TX
$74,118 vs $64,706
Best Take-Home (COL-Adj)
✓ El Paso, TX
$68,485 vs $55,693
2
Detailed Comparison
| Metric | El Paso, TX | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $63,000 | $121,000▲ | -$58,000 |
| 25th Percentile | $48,510 | $93,170▲ | -$44,660 |
| 75th Percentile | $80,640 | $154,880▲ | -$74,240 |
| 90th Percentile | $100,800 | $193,600▲ | -$92,800 |
| Cost of Living Index | 85 | 187 | -102 |
| State Income Tax | 0%▲ | 6.85% | -6.85% |
| COL-Adjusted Median | $74,118▲ | $64,706 | +$9,412 |
| Est. Annual Take-Home | $58,212 | $104,145▲ | -$45,933 |
| COL-Adj. Take-Home | $68,485▲ | $55,693 | +$12,792 |
| Total Employment | 4,800 | 54,400 | -49,600 |
▲ = Higher value wins for this metric. Diff = El Paso, TX minus New York, NY.
3Summary Analysis
On paper, New York, NY pays $58,000 more (median: $63,000 vs $121,000). However, after adjusting for cost of living (index 85 vs 187), El Paso, TX provides better purchasing power ($74,118 vs $64,706 equivalent). El Paso, TX has no state income tax, which is a significant advantage.
Data: U.S. Bureau of Labor Statistics OEWS · 2026 · Cost-of-living indices from composite metro area data. Take-home estimates approximate only — consult a tax professional for accurate figures.