Investment Banker Salary: El Paso, TX vs New York, NY
BLS reports this occupation as "Securities, Commodities, and Financial Services Sales Agents" (41-3031); every figure on this page is for that BLS occupation.
Side-by-side comparison of wages and local price levels for Investment Bankers in El Paso, TX and New York, NY, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | El Paso, TX | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $59,280 | $167,890▲ | -$108,610 |
| 25th Percentile | $50,070 | $100,830▲ | -$50,760 |
| 75th Percentile | $84,130 | $227,700▲ | -$143,570 |
| 90th Percentile | $133,240 | $326,290▲ | -$193,050 |
| Price Level (BEA 2024, US = 100) | 89.9 | 112.6 | -22.7 |
| Median at National-Average Prices | $65,931 | $149,152▲ | -$83,221 |
| Total Employment | 700 | 59,450 | -58,750 |
3Summary Analysis
On paper, New York, NY pays $108,610 more (median: $59,280 vs $167,890). BEA's regional price parity is 89.9 in El Paso, TX and 112.6 in New York, NY (United States = 100). At national-average prices the medians are $65,931 and $149,152, so New York, NY comes out ahead once local prices are counted.
5Reading This Comparison
The $108,610 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $65,931 for El Paso and $149,152 for New York, a difference of $83,221.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (El Paso, TX; New York-Newark-Jersey City, NY-NJ) and cover prices only, not taxes.
BLS estimates 700 Investment Banker jobs in the El Paso area and 59,450 in the New York area. For broader context, see our Texas overview and the full Investment Banker city ranking.
Frequently Asked Questions
Is Investment Banker salary higher in El Paso, TX or New York, NY?
New York, NY has the higher median wage for Investment Bankers ($167,890 per year, against $59,280 in El Paso, TX; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $65,931 in El Paso, TX and $149,152 in New York, NY.
How do prices compare between El Paso, TX and New York, NY?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 89.9 for the El Paso, TX metropolitan area and 112.6 for the New York-Newark-Jersey City, NY-NJ metropolitan area, where the United States is 100. That is 10.1% below the national level for El Paso, TX and 12.6% above the national level for New York, NY.
Which city pays Investment Bankers more once local prices are counted?
New York, NY: at national-average prices its median Investment Banker wage is $149,152, against $65,931 for El Paso, TX. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.