Investment Banker Salary: New York, NY vs Denver, CO
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 New York, NY and Denver, CO, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | New York, NY | Denver, CO | Diff |
|---|---|---|---|
| Median Annual Salary | $167,890▲ | $66,940 | +$100,950 |
| 25th Percentile | $100,830▲ | $61,560 | +$39,270 |
| 75th Percentile | $227,700▲ | $106,360 | +$121,340 |
| 90th Percentile | $326,290▲ | $171,980 | +$154,310 |
| Price Level (BEA 2024, US = 100) | 112.6 | 105.8 | +6.8 |
| Median at National-Average Prices | $149,152▲ | $63,281 | +$85,871 |
| Total Employment | 59,450 | 8,400 | +51,050 |
3Summary Analysis
On paper, New York, NY pays $100,950 more (median: $167,890 vs $66,940). BEA's regional price parity is 112.6 in New York, NY and 105.8 in Denver, CO (United States = 100). At national-average prices the medians are $149,152 and $63,281, so New York, NY comes out ahead once local prices are counted.
5Reading This Comparison
The $100,950 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: $149,152 for New York and $63,281 for Denver, a difference of $85,871.
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 (New York-Newark-Jersey City, NY-NJ; Denver-Aurora-Centennial, CO) and cover prices only, not taxes.
BLS estimates 59,450 Investment Banker jobs in the New York area and 8,400 in the Denver area. For broader context, see our New York overview and the full Investment Banker city ranking.
Frequently Asked Questions
Is Investment Banker salary higher in New York, NY or Denver, CO?
New York, NY has the higher median wage for Investment Bankers ($167,890 per year, against $66,940 in Denver, CO; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $149,152 in New York, NY and $63,281 in Denver, CO.
How do prices compare between New York, NY and Denver, CO?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 112.6 for the New York-Newark-Jersey City, NY-NJ metropolitan area and 105.8 for the Denver-Aurora-Centennial, CO metropolitan area, where the United States is 100. That is 12.6% above the national level for New York, NY and 5.8% above the national level for Denver, CO.
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 $63,281 for Denver, CO. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.