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Best states for an investment advisor
Quoted expert
Dr. Michael Tin Shan Suen
- Rank 1 - 10
- 11 - 20
- 21 - 30
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- 41 - 51
Investment advisor opportunities vary in different parts of the country. In order to help you determine the best states for investment advisors, we ranked all fifty states from best to worst for investment advisors.In order to help you decide which state is the best for investment advisors, we ranked all 50 states and the District of Columbia from best to worst for investment advisor jobs.
To that end, we dove into our dataset of job and salary numbers to figure out which states have the best opportunities for investment advisors. New York is the best state for investment advisors, where the median salary is $144,324.New York is the best state, and Southampton is the city with the highest pay for investment advisors.
10 best states for investment advisors in 2025
1. New York
Total investment advisor jobs: 1,869 Average annual salary: $144,324 Lowest 10 percent earn: $91,000 Highest 10 percent earn: $226,000 Location Quotient: 1.37
2. North Dakota
Total investment advisor jobs: 128 Average annual salary: $107,914 Lowest 10 percent earn: $65,000 Highest 10 percent earn: $178,000 Location Quotient: 1.29
3. Minnesota
Total investment advisor jobs: 797 Average annual salary: $109,897 Lowest 10 percent earn: $65,000 Highest 10 percent earn: $183,000 Location Quotient: 1.13
4. Massachusetts
Total investment advisor jobs: 779 Average annual salary: $142,588 Lowest 10 percent earn: $90,000 Highest 10 percent earn: $224,000 Location Quotient: 0.8
5. California
Total investment advisor jobs: 2,886 Average annual salary: $124,881 Lowest 10 percent earn: $74,000 Highest 10 percent earn: $208,000 Location Quotient: 0.93
6. Connecticut
Total investment advisor jobs: 502 Average annual salary: $105,932 Lowest 10 percent earn: $63,000 Highest 10 percent earn: $176,000 Location Quotient: 1.42
7. Maine
Total investment advisor jobs: 103 Average annual salary: $114,081 Lowest 10 percent earn: $68,000 Highest 10 percent earn: $190,000 Location Quotient: 0.73
8. Washington
Total investment advisor jobs: 614 Average annual salary: $110,731 Lowest 10 percent earn: $66,000 Highest 10 percent earn: $184,000 Location Quotient: 0.79
9. District of Columbia
Total investment advisor jobs: 372 Average annual salary: $107,616 Lowest 10 percent earn: $64,000 Highest 10 percent earn: $180,000 Location Quotient: 2.08
10. Illinois
Total investment advisor jobs: 1,395 Average annual salary: $100,819 Lowest 10 percent earn: $59,000 Highest 10 percent earn: $171,000 Location Quotient: 1.1
Investment advisor jobsNear Columbus, OH
How Zippia determines the best states to be an investment advisor
You can read about how the best state rankings are calculated here.
Detailed list of the best states for an investment advisor
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | New York | $144,324 | $91,000 | 19,849,399 | 1,869 |
| 2 | North Dakota | $107,914 | $65,000 | 755,393 | 128 |
| 3 | Minnesota | $109,897 | $65,000 | 5,576,606 | 797 |
| 4 | Massachusetts | $142,588 | $90,000 | 6,859,819 | 779 |
| 5 | California | $124,881 | $74,000 | 39,536,653 | 2,886 |
| 6 | Connecticut | $105,932 | $63,000 | 3,588,184 | 502 |
| 7 | Maine | $114,081 | $68,000 | 1,335,907 | 103 |
| 8 | Washington | $110,731 | $66,000 | 7,405,743 | 614 |
| 9 | District of Columbia | $107,616 | $64,000 | 693,972 | 372 |
| 10 | Illinois | $100,819 | $59,000 | 12,802,023 | 1,395 |
| 11 | North Carolina | $103,407 | $60,000 | 10,273,419 | 804 |
| 12 | Oregon | $108,822 | $64,000 | 4,142,776 | 320 |
| 13 | Wisconsin | $96,859 | $56,000 | 5,795,483 | 692 |
| 14 | Michigan | $97,958 | $57,000 | 9,962,311 | 738 |
| 15 | Rhode Island | $97,046 | $57,000 | 1,059,639 | 135 |
| 16 | West Virginia | $106,940 | $63,000 | 1,815,857 | 64 |
| 17 | New Jersey | $101,850 | $60,000 | 9,005,644 | 752 |
| 18 | Arizona | $95,741 | $53,000 | 7,016,270 | 612 |
| 19 | Delaware | $99,363 | $58,000 | 961,939 | 115 |
| 20 | Idaho | $101,331 | $59,000 | 1,716,943 | 113 |
| 21 | Kansas | $84,687 | $48,000 | 2,913,123 | 775 |
| 22 | New Mexico | $97,533 | $55,000 | 2,088,070 | 138 |
| 23 | Louisiana | $92,201 | $50,000 | 4,684,333 | 254 |
| 24 | Ohio | $91,425 | $53,000 | 11,658,609 | 768 |
| 25 | Pennsylvania | $88,475 | $51,000 | 12,805,537 | 998 |
| 26 | New Hampshire | $92,940 | $54,000 | 1,342,795 | 130 |
| 27 | Missouri | $85,261 | $48,000 | 6,113,532 | 567 |
| 28 | Georgia | $90,322 | $50,000 | 10,429,379 | 764 |
| 29 | Virginia | $83,479 | $48,000 | 8,470,020 | 1,049 |
| 30 | Alabama | $84,595 | $46,000 | 4,874,747 | 371 |
| 31 | Texas | $81,123 | $43,000 | 28,304,596 | 2,236 |
| 32 | Tennessee | $81,440 | $45,000 | 6,715,984 | 507 |
| 33 | Colorado | $83,056 | $47,000 | 5,607,154 | 622 |
| 34 | Vermont | $90,785 | $52,000 | 623,657 | 49 |
| 35 | Oklahoma | $71,430 | $39,000 | 3,930,864 | 977 |
| 36 | Florida | $78,179 | $42,000 | 20,984,400 | 1,663 |
| 37 | Arkansas | $69,378 | $38,000 | 3,004,279 | 1,173 |
| 38 | Maryland | $81,019 | $47,000 | 6,052,177 | 664 |
| 39 | Indiana | $82,726 | $47,000 | 6,666,818 | 475 |
| 40 | Kentucky | $83,529 | $47,000 | 4,454,189 | 233 |
| 41 | Wyoming | $70,001 | $41,000 | 579,315 | 85 |
| 42 | Montana | $66,819 | $39,000 | 1,050,493 | 500 |
| 43 | South Carolina | $82,628 | $46,000 | 5,024,369 | 255 |
| 44 | Hawaii | $73,200 | $38,000 | 1,427,538 | 88 |
| 45 | Nebraska | $77,337 | $44,000 | 1,920,076 | 164 |
| 46 | Utah | $64,493 | $36,000 | 3,101,833 | 434 |
| 47 | Nevada | $71,574 | $40,000 | 2,998,039 | 176 |
| 48 | Iowa | $76,849 | $44,000 | 3,145,711 | 227 |
| 49 | Alaska | $73,112 | $44,000 | 739,795 | 59 |
| 50 | South Dakota | $68,162 | $40,000 | 869,666 | 76 |
| 51 | Mississippi | $64,100 | $34,000 | 2,984,100 | 165 |
Highest paying states for investment advisors
| Rank | State | Avg. Investment Advisor Salary |
|---|---|---|
| 1 | New York | $144,324 |
| 2 | North Dakota | $107,914 |
| 3 | Minnesota | $109,897 |
| 4 | Massachusetts | $142,588 |
| 5 | California | $124,881 |
| 6 | Connecticut | $105,932 |
| 7 | Maine | $114,081 |
| 8 | Washington | $110,731 |
| 9 | District of Columbia | $107,616 |
| 10 | Illinois | $100,819 |
| 11 | North Carolina | $103,407 |
| 12 | Oregon | $108,822 |
| 13 | Wisconsin | $96,859 |
| 14 | Michigan | $97,958 |
| 15 | Rhode Island | $97,046 |
| 16 | West Virginia | $106,940 |
| 17 | New Jersey | $101,850 |
| 18 | Arizona | $95,741 |
| 19 | Delaware | $99,363 |
| 20 | Idaho | $101,331 |
| 21 | Kansas | $84,687 |
| 22 | New Mexico | $97,533 |
| 23 | Louisiana | $92,201 |
| 24 | Ohio | $91,425 |
| 25 | Pennsylvania | $88,475 |
| 26 | New Hampshire | $92,940 |
| 27 | Missouri | $85,261 |
| 28 | Georgia | $90,322 |
| 29 | Virginia | $83,479 |
| 30 | Alabama | $84,595 |
| 31 | Texas | $81,123 |
| 32 | Tennessee | $81,440 |
| 33 | Colorado | $83,056 |
| 34 | Vermont | $90,785 |
| 35 | Oklahoma | $71,430 |
| 36 | Florida | $78,179 |
| 37 | Arkansas | $69,378 |
| 38 | Maryland | $81,019 |
| 39 | Indiana | $82,726 |
| 40 | Kentucky | $83,529 |
| 41 | Wyoming | $70,001 |
| 42 | Montana | $66,819 |
| 43 | South Carolina | $82,628 |
| 44 | Hawaii | $73,200 |
| 45 | Nebraska | $77,337 |
| 46 | Utah | $64,493 |
| 47 | Nevada | $71,574 |
| 48 | Iowa | $76,849 |
| 49 | Alaska | $73,112 |
| 50 | South Dakota | $68,162 |
| 51 | Mississippi | $64,100 |
Expert opinions on the best states for investment advisors
Are there any particularly good places in the United States for investment advisors to find work opportunities?
Dr. Michael Tin Shan Suen
Professor, Kean University
Based on conventional thinking, good places for finance graduates to find work are New York (including the tri-state area), Chicago, and San Francisco. However, big cities in Texas and Florida are showing a growth trend.
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Updated January 8, 2025