Financial Advisor Salary in Phoenix, AZ
Financial Advisors in Phoenix, AZ earn a median of $88,000/year, ranging from $67,760 (25th percentile) to $140,800 (90th percentile). After Arizona state taxes (2.5%) and cost-of-living adjustments (COL index 103), this is equivalent to $85,437 in purchasing power vs the US average.
On the ground in Phoenix, AZ
Snowbird retiree wealth and West Coast tech-relocation rollovers each drive a different style of practice. Notable employers in this market include Edward Jones, Charles Schwab, and Wells Fargo Advisors, plus RIAs like Versant Capital Management and Henry+Horne Wealth Management. A 1BR in Arcadia or Tempe runs around $1,500/mo and a 2BR in Scottsdale closer to $2,300/mo. Most advisors drive the 101 or 60 since Valley Metro Light Rail covers a narrow corridor. Arizona's 2.5 percent flat income tax is one of the lowest in the country and is a real selling point for relocators. Concentrated retirement-account rollovers, Roth-conversion ladders, and California-domicile-change planning are the high-volume work for advisors who specialize in inbound retirees.
1Salary Distribution in Phoenix, AZ
2Estimated Take-Home & Purchasing Power
* Estimates only. Does not include federal income tax, 401k, health insurance, or local taxes. Use the Salary Calculator for a detailed breakdown.
How Does Phoenix, AZ Compare?
| City | Median | COL Index | COL-Adjusted |
|---|---|---|---|
| Phoenix, AZ (current) | $88,000 | 103 | $85,437 |
| San Francisco, CA | $126,000 | 186 | $67,742 |
| New York, NY | $121,000 | 187 | $64,706 |
| Seattle, WA | $122,000 | 162 | $75,309 |
| Boston, MA | $112,000 | 162 | $69,136 |
| Austin, TX | $101,000 | 124 | $81,452 |
4Frequently Asked Questions
What is the average Financial Advisor salary in Phoenix, AZ?
The median Financial Advisor salary in Phoenix, AZ is $88,000 per year as of 2026 BLS OEWS data. The 25th percentile is $67,760 and the 90th percentile is $140,800.
Is Phoenix, AZ a good place to work as a Financial Advisor?
Phoenix, AZ has a cost of living index of 103 (US average = 100). After adjusting for cost of living, a $88,000 Financial Advisor salary in Phoenix, AZ is equivalent to $85,437 in purchasing power compared to the US average.
What is the cost of living adjustment for Phoenix, AZ?
Phoenix, AZ has a cost of living index of 103, meaning it is 3% more expensive than the US average. The state income tax rate in Arizona is approximately 2.5%.
What is the Financial Advisor salary range in Phoenix, AZ?
In Phoenix, AZ, Financial Advisors earn between $67,760 (25th percentile) and $140,800 (90th percentile), with a median of $88,000 per year.
How many Financial Advisor jobs are there in Phoenix, AZ?
According to BLS OEWS data, there are approximately 20,000 Financial Advisor positions in the Phoenix, AZ metropolitan area.
What do Financial Advisors earn in Phoenix, AZ?
Based on BLS OEWS 2026 data, Financial Advisors in Phoenix, AZ earn a median annual wage of $88,000. The middle 50% earn between $67,760 and $112,640. The top 10% earn more than $140,800. There are approximately 20,000 Financial Advisors employed in the Phoenix, AZ metro area, with annual job growth estimated at 5.3%.
Is Phoenix, AZ a good place for a Financial Advisor?
Phoenix, AZ has a cost of living index of 103 (US average = 100), making it 3% more expensive than the national average. After adjusting for cost of living, a Financial Advisor in Phoenix, AZ earning $88,000has the equivalent purchasing power of $85,437 relative to the US median. Arizona has a state income tax rate of approximately 2.5%.
What is the cost of living adjustment for Phoenix, AZ?
Phoenix, AZ's cost of living index is 103, based on composite data including housing, food, transportation, healthcare, and utilities. This means that $88,000 in Phoenix, AZhas the same purchasing power as $85,437 in a city at exactly the US average cost of living. Housing is typically the largest driver of cost of living differences between metros.
Compare Phoenix, AZ with Another City
See a detailed side-by-side comparison of salary, taxes, and purchasing power.
5Should You Work as a Financial Advisor in Phoenix, AZ?
The headline median of $88,000 is only part of the picture. Phoenix, AZ's cost of living index is 103 (US average = 100), meaning a dollar here buys roughly 97¢ of what it buys in an average US city. The $88,000 salary effectively purchases $85,437 worth of goods and services at national-average prices.
Housing is the single biggest driver of cost-of-living differences between metros. In Phoenix, AZ, housing costs fall closer to the national average of 25–30% of gross income, leaving more room in the budget for savings, transportation, and discretionary spending. For a $88,000 salary, that translates to roughly $24,640/year on housing alone.
State tax plays a meaningful but smaller role. Arizona levies a state income tax of approximately 2.5%, which reduces take-home by roughly $2,200 per year on this salary. States with zero income tax (Texas, Florida, Washington, Tennessee, Nevada) offer a structural advantage, but often offset it with higher sales tax or property tax. After state tax and approximate federal FICA (~7.6%), the estimated take-home is $79,279. This excludes federal income tax, which varies by filing status and deductions.
For comparison, here are nearby alternatives: San Francisco, CA ($126,000 median, COL 186); New York, NY ($121,000 median, COL 187); Seattle, WA ($122,000 median, COL 162). If you're optimizing for purchasing power, compare the COL-adjusted column in the table above and pick the highest number. If you're optimizing for career progression, weight total employment and yearly growth in the role — larger markets offer more lateral moves and promotion velocity, even when nominal pay is lower.
The 5.3% year-over-year growth rate for Financial Advisors in Phoenix, AZ is a leading indicator of market health. Above-average hiring pace suggests strong negotiating leverage, frequent counter-offer opportunities, and a deep pipeline of open roles. For side-by-side comparisons, try the full city ranking for Financial Advisors or the Arizona state overview.
Data source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS) Program. All figures are approximate annual estimates based on the most recent available BLS data. Actual salaries may vary based on experience, education, employer size, and specific role. Cost-of-living data represents composite indices from publicly available metropolitan area data.