Best cities for a portfolio manager
The best cities for portfolio managers are New York, NY, Boston, MA, and Gilbert, AZ, based on factors like average salary and job availability per capita. Jobs and pay for portfolio managers vary across the country, but we've determined the ten best cities for portfolio managers in the U.S.
Whether you're starting your career as a portfolio manager or considering a move, this list of the best cities for portfolio managers to live in will help you decide. These aren't just the best-paying cities for portfolio managers. We also consider how easy it is to find work as a portfolio manager. While the absolute best city for portfolio managers is New York, NY, there are plenty of other great places to consider.
Keep reading to learn more about the best cities for portfolio managers in 2024.
If you're looking for a portfolio manager job, here are five companies hiring now:
10 best cities for portfolio managers in 2026
1. New York, NY
Portfolio manager jobs in New YorkTotal portfolio manager jobs: 68 Average annual salary: $141,272 Lowest 10 percent warn: $83,000 Highest 10 percent earn: $239,000 Location quotient: 6.22 2. Boston, MA
Portfolio manager jobs in BostonTotal portfolio manager jobs: 155 Average annual salary: $124,463 Lowest 10 percent warn: $72,000 Highest 10 percent earn: $213,000 Location quotient: 4.04 3. Gilbert, AZ
Total portfolio manager jobs: 4 Average annual salary: $107,642 Lowest 10 percent warn: $57,000 Highest 10 percent earn: $201,000 Location quotient: 3.09 4. Nashville, TN
Portfolio manager jobs in NashvilleTotal portfolio manager jobs: 22 Average annual salary: $98,353 Lowest 10 percent warn: $55,000 Highest 10 percent earn: $175,000 Location quotient: 1.56 5. Philadelphia, PA
Portfolio manager jobs in PhiladelphiaTotal portfolio manager jobs: 34 Average annual salary: $112,839 Lowest 10 percent warn: $66,000 Highest 10 percent earn: $192,000 Location quotient: 1.31 6. Columbus, OH
Portfolio manager jobs in ColumbusTotal portfolio manager jobs: 31 Average annual salary: $103,890 Lowest 10 percent warn: $59,000 Highest 10 percent earn: $182,000 Location quotient: 1.30 7. Chicago, IL
Portfolio manager jobs in ChicagoTotal portfolio manager jobs: 189 Average annual salary: $107,498 Lowest 10 percent warn: $60,000 Highest 10 percent earn: $189,000 Location quotient: 3.57 8. Detroit, MI
Portfolio manager jobs in DetroitTotal portfolio manager jobs: 14 Average annual salary: $104,369 Lowest 10 percent warn: $60,000 Highest 10 percent earn: $181,000 Location quotient: 1.24 9. Cleveland, OH
Portfolio manager jobs in ClevelandTotal portfolio manager jobs: 10 Average annual salary: $109,006 Lowest 10 percent warn: $62,000 Highest 10 percent earn: $188,000 Location quotient: 1.17 10. New Orleans, LA
Portfolio manager jobs in New OrleansTotal portfolio manager jobs: 5 Average annual salary: $122,987 Lowest 10 percent warn: $67,000 Highest 10 percent earn: $223,000 Location quotient: 1.02
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Best cities for portfolio managers
- New York, NY
- Boston, MA
- Gilbert, AZ
- Nashville, TN
- Philadelphia, PA
- Columbus, OH
- Chicago, IL
- Detroit, MI
- Cleveland, OH
- New Orleans, LA
Detailed list of the best cities for a portfolio manager
| Rank | City | Average salary | Lowest 10% Earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | New York, NY | $141,272 | $83,000 | 8,537,673 | 68 |
| 2 | Boston, MA | $124,463 | $72,000 | 673,184 | 155 |
| 3 | Gilbert, AZ | $107,642 | $57,000 | 237,133 | 4 |
| 4 | Nashville, TN | $98,353 | $55,000 | 660,388 | 22 |
| 5 | Philadelphia, PA | $112,839 | $66,000 | 1,567,872 | 34 |
| 6 | Columbus, OH | $103,890 | $59,000 | 860,090 | 31 |
| 7 | Chicago, IL | $107,498 | $60,000 | 2,704,958 | 189 |
| 8 | Detroit, MI | $104,369 | $60,000 | 672,795 | 14 |
| 9 | Cleveland, OH | $109,006 | $62,000 | 385,809 | 10 |
| 10 | New Orleans, LA | $122,987 | $67,000 | 391,495 | 5 |
| 11 | San Francisco, CA | $124,700 | $68,000 | 870,887 | 155 |
| 12 | Phoenix, AZ | $107,461 | $57,000 | 1,615,017 | 39 |
| 13 | Cincinnati, OH | $100,153 | $56,000 | 298,800 | 13 |
| 14 | Lexington, KY | $97,982 | $55,000 | 318,449 | 4 |
| 15 | Austin, TX | $103,773 | $56,000 | 947,890 | 46 |
| 16 | North Las Vegas, NV | $98,406 | $53,000 | 238,702 | 2 |
| 17 | Dallas, TX | $102,371 | $55,000 | 1,317,929 | 40 |
| 18 | Scottsdale, AZ | $107,356 | $57,000 | 246,645 | 6 |
| 19 | Raleigh, NC | $100,586 | $57,000 | 458,880 | 17 |
| 20 | Sacramento, CA | $122,872 | $67,000 | 495,234 | 26 |
| 21 | Henderson, NV | $98,401 | $53,000 | 292,969 | 4 |
| 22 | Pittsburgh, PA | $108,977 | $62,000 | 303,625 | 15 |
| 23 | Las Vegas, NV | $98,564 | $53,000 | 632,912 | 25 |
| 24 | Toledo, OH | $106,569 | $61,000 | 278,508 | 2 |
| 25 | Oakland, CA | $124,463 | $68,000 | 420,005 | 7 |
| 26 | Los Angeles, CA | $120,262 | $64,000 | 3,976,322 | 74 |
| 27 | Newark, NJ | $125,647 | $73,000 | 281,764 | 5 |
| 28 | Tucson, AZ | $108,571 | $57,000 | 530,706 | 4 |
| 29 | Jersey City, NJ | $125,713 | $74,000 | 264,152 | 13 |
| 30 | Charlotte, NC | $95,882 | $54,000 | 842,051 | 47 |
| 31 | Fresno, CA | $122,467 | $66,000 | 522,053 | 4 |
| 32 | Houston, TX | $102,626 | $55,000 | 2,303,482 | 53 |
| 33 | Memphis, TN | $97,028 | $53,000 | 652,717 | 8 |
| 34 | Islip, NY | $141,956 | $83,000 | 335,543 | - |
| 35 | Oyster Bay, NY | $141,734 | $83,000 | 293,214 | - |
| 36 | Anchorage, AK | $131,760 | $70,000 | 298,192 | - |
| 37 | Brookhaven, NY | $142,270 | $84,000 | 486,040 | - |
| 38 | Hempstead, NY | $141,526 | $83,000 | 759,757 | - |
| 39 | Buffalo, NY | $137,488 | $79,000 | 256,902 | 1 |
| 40 | Mesa, AZ | $107,569 | $57,000 | 484,587 | 1 |
| 41 | Milwaukee, WI | $94,061 | $53,000 | 595,047 | 15 |
| 42 | Fort Worth, TX | $102,667 | $55,000 | 854,113 | 6 |
| 43 | Reno, NV | $100,360 | $54,000 | 245,255 | 4 |
| 44 | Atlanta, GA | $94,137 | $52,000 | 472,522 | 98 |
| 45 | Washington, DC | $120,629 | $69,000 | 681,170 | 62 |
| 46 | Chandler, AZ | $107,649 | $57,000 | 247,477 | - |
| 47 | San Antonio, TX | $103,552 | $55,000 | 1,492,510 | 8 |
| 48 | Virginia Beach, VA | $105,939 | $60,000 | 452,602 | 5 |
| 49 | Glendale, AZ | $107,494 | $57,000 | 245,895 | - |
| 50 | Indianapolis, IN | $90,478 | $51,000 | 855,164 | 28 |
Highest paying cities for portfolio managers
| Rank | City | Avg. portfolio manager salary |
|---|---|---|
| 1 | Stamford, CT | $141,864 |
| 2 | New York, NY | $141,272 |
| 3 | San Francisco, CA | $124,700 |
| 4 | Boston, MA | $124,463 |
| 5 | Providence, RI | $121,108 |
| 6 | Washington, DC | $120,629 |
| 7 | Philadelphia, PA | $112,839 |
| 8 | Baltimore, MD | $109,662 |
| 9 | Portland, ME | $109,482 |
| 10 | Arlington, VA | $108,549 |
| 11 | Chicago, IL | $107,498 |
| 12 | Phoenix, AZ | $107,461 |
| 13 | Detroit, MI | $104,369 |
| 14 | Columbus, OH | $103,890 |
| 15 | Austin, TX | $103,773 |
| 16 | Seattle, WA | $102,829 |
| 17 | Raleigh, NC | $100,586 |
| 18 | Memphis, TN | $97,028 |
| 19 | Sandy Springs, GA | $94,207 |
| 20 | Milwaukee, WI | $94,061 |
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Updated January 8, 2025