Personal Financial Advisors in New Mexico
May 2025 wages · tax year 2026
You keep
$71,861
after federal, FICA and New Mexico tax
Tax takes
$22,409
23.8% of the whole
Worth, in national money
$79,504
New Mexico costs less than average
On that salary you would be around the 25th percentile for this work in New Mexico — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$94,270
Kept after tax
$71,861
Worth in national money
$79,504
State rank
29
of 49 states
What this pays, and what it is worth
- New Mexico sits in the middle of the pack for personal financial advisors. The median is $94,270, ranking 29 of 49 states with figures. Close enough to the national middle that where you live matters more than the headline suggests.
- Locally, this pays well. Among 485 occupations New Mexico reports, personal financial advisors comes in at 77 — comfortably in the upper quarter.
- Cheaper living works in this state's favor. From $94,270 you keep $71,861 after tax, and local prices stretch that to the equivalent of $79,504 at national prices. Averages run higher here, $151,100, since top earners drag the number up.
- New Mexico occupies the middle band for personal financial advisors: a median of $94,270, ranking 29 of 49. Where nominal pay is close to the national figure, the tax and price adjustments below carry proportionally more weight in determining the real outcome.
- Personal financial advisors ranks 77 of 485 occupations by median in New Mexico, in the top quartile. Within-state position is largely independent of national position, so this holds regardless of how the state compares to others for the same work.
- Retained pay in New Mexico is $71,861 after the full tax stack, from $94,270. Because the state's price level runs below the national average, the price-adjusted equivalent is $79,504 — a real-terms figure describing purchasing power rather than compensation, and not a number that appears on any pay stub. Mean pay of $151,100 exceeds the median, so the upper tail is doing the work.
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Pay band: Personal Financial Advisors
The state median for this job
| Lowest tenth earn under | $56,450 |
|---|---|
| Half earn under | $94,270 |
| Top tenth earn over | $403,970 |
| This salary | $94,270 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in New Mexico | $71,861 |
|---|---|
| Take-home in Texas | $75,149 |
| Once local prices are leveledBEA price parity | −$2,171 |
The raise and the real gain point in opposite directions here.
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $89,596 |
|---|---|
| Raise you would need | +$2,998 |
| Prices in Texas | 97 vs 90 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in New Mexico earn less than $94,270. The published range is $56,450 up to $403,970, so an individual figure can sit a long way from the middle in either direction.
- That $71,861 take-home in New Mexico comes from $94,270. It is the no-frills case: single filer, standard deduction, nothing set aside before tax. Real circumstances almost always reduce the tax. City and school-district taxes are not counted at all. Locally the work ranks 77 of 485.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $79,504 uses one figure for the whole of New Mexico. A city and a rural county there can differ by more than two states do. Out of 485 occupations the state publishes, this one sits at 77.
- Reported values are medians; for personal financial advisors in New Mexico the tenth-to-ninetieth percentile band is $56,450 to $403,970. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- Retained pay of $71,861, from $94,270, assumes a single New Mexico filer with the standard deduction and no elective deferrals. Pre-tax retirement or HSA contributions, dependants and itemized deductions all reduce it further; local income taxes, excluded here, would increase it in the states that levy them. This occupation ranks 77 of 485 locally, and the state ranks 29 of 49 for it.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $79,504, worked from $94,270, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular New Mexico address, on work sitting at 77 of 485 locally.
Questions people ask
Is this the average pay for the job?
It is the midpoint, not the average. The average here is $151,100, dragged up by high earners; the middle figure describes a typical worker better.
Why is the pay range for this job so wide?
The label is broader than the work. From $56,450 at the bottom tenth to $403,970 at the top, the same title covers roles that share little beyond a name.
What does this pay actually buy where I live?
Further than the number implies. New Mexico is cheaper than the national average, so this take-home behaves like $79,504 in national terms.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; New Mexico then takes its own share, leaving $71,861.
Why is this job missing from some states?
The survey withholds small samples rather than publish an unreliable number. Pay appears for 49 states here, and a missing state means too few reports, not no jobs.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in New Mexico is $151,100. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($56,450) and the ninetieth ($403,970) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
New Mexico's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $79,504 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $71,861 reflects federal income tax, OASDI, Medicare and New Mexico income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 49 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.