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Best states for a portfolio manager
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Are you thinking of becoming a portfolio manager and really want to work at U.S. Bank? Turns out, your chances to become a portfolio manager are better in some states than others.As portfolio managers are popular in the U.S., we wanted to bring you a list of the best states for portfolio managers. In case you are trying to decide where to start your career as a portfolio manager, or if you are considering moving to a different city or state, we got you covered.
The median salary for portfolio managers in Connecticut is $138,687. Compare that to the median salary in Idaho of $84,204, which ranked worst for portfolio managers, and you can see how your location is important for your career.Connecticut is the best state, and Norwich is the city with the highest pay for portfolio managers.
10 best states for portfolio managers in 2026
1. Connecticut
Total portfolio manager jobs: 216 Average annual salary: $138,687 Lowest 10 percent earn: $87,000 Highest 10 percent earn: $219,000 Location Quotient: 1.24
2. New York
Total portfolio manager jobs: 1,029 Average annual salary: $137,569 Lowest 10 percent earn: $86,000 Highest 10 percent earn: $217,000 Location Quotient: 1.53
3. Massachusetts
Total portfolio manager jobs: 532 Average annual salary: $122,718 Lowest 10 percent earn: $75,000 Highest 10 percent earn: $199,000 Location Quotient: 1.1
4. New Jersey
Total portfolio manager jobs: 426 Average annual salary: $123,862 Lowest 10 percent earn: $76,000 Highest 10 percent earn: $200,000 Location Quotient: 1.02
5. California
Total portfolio manager jobs: 2,249 Average annual salary: $118,488 Lowest 10 percent earn: $69,000 Highest 10 percent earn: $201,000 Location Quotient: 1.46
6. Rhode Island
Total portfolio manager jobs: 45 Average annual salary: $119,876 Lowest 10 percent earn: $73,000 Highest 10 percent earn: $195,000 Location Quotient: 0.7
7. District of Columbia
Total portfolio manager jobs: 177 Average annual salary: $119,209 Lowest 10 percent earn: $72,000 Highest 10 percent earn: $195,000 Location Quotient: 2.01
8. Arizona
Total portfolio manager jobs: 390 Average annual salary: $106,298 Lowest 10 percent earn: $60,000 Highest 10 percent earn: $186,000 Location Quotient: 1.27
9. Louisiana
Total portfolio manager jobs: 103 Average annual salary: $120,588 Lowest 10 percent earn: $71,000 Highest 10 percent earn: $203,000 Location Quotient: 0.61
10. Pennsylvania
Total portfolio manager jobs: 546 Average annual salary: $111,518 Lowest 10 percent earn: $67,000 Highest 10 percent earn: $183,000 Location Quotient: 0.89
Portfolio manager jobsNear Columbus, OH
How Zippia determines the best states to be a portfolio manager
You can read about how the best state rankings are calculated here.
Detailed list of the best states for a portfolio manager
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Connecticut | $138,687 | $87,000 | 3,588,184 | 216 |
| 2 | New York | $137,569 | $86,000 | 19,849,399 | 1,029 |
| 3 | Massachusetts | $122,718 | $75,000 | 6,859,819 | 532 |
| 4 | New Jersey | $123,862 | $76,000 | 9,005,644 | 426 |
| 5 | California | $118,488 | $69,000 | 39,536,653 | 2,249 |
| 6 | Rhode Island | $119,876 | $73,000 | 1,059,639 | 45 |
| 7 | District of Columbia | $119,209 | $72,000 | 693,972 | 177 |
| 8 | Arizona | $106,298 | $60,000 | 7,016,270 | 390 |
| 9 | Louisiana | $120,588 | $71,000 | 4,684,333 | 103 |
| 10 | Pennsylvania | $111,518 | $67,000 | 12,805,537 | 546 |
| 11 | Illinois | $106,128 | $62,000 | 12,802,023 | 846 |
| 12 | Alaska | $125,321 | $74,000 | 739,795 | 26 |
| 13 | Delaware | $107,971 | $65,000 | 961,939 | 69 |
| 14 | Ohio | $104,780 | $61,000 | 11,658,609 | 450 |
| 15 | Maryland | $108,647 | $65,000 | 6,052,177 | 379 |
| 16 | West Virginia | $109,713 | $65,000 | 1,815,857 | 35 |
| 17 | Virginia | $105,474 | $62,000 | 8,470,020 | 544 |
| 18 | Texas | $101,826 | $57,000 | 28,304,596 | 979 |
| 19 | Michigan | $103,500 | $61,000 | 9,962,311 | 273 |
| 20 | New Hampshire | $105,079 | $62,000 | 1,342,795 | 60 |
| 21 | Maine | $107,758 | $63,000 | 1,335,907 | 34 |
| 22 | Washington | $100,938 | $58,000 | 7,405,743 | 476 |
| 23 | Hawaii | $109,245 | $61,000 | 1,427,538 | 48 |
| 24 | North Carolina | $98,087 | $57,000 | 10,273,419 | 518 |
| 25 | Nevada | $98,283 | $55,000 | 2,998,039 | 106 |
| 26 | Tennessee | $98,002 | $56,000 | 6,715,984 | 220 |
| 27 | Vermont | $102,591 | $60,000 | 623,657 | 26 |
| 28 | Kentucky | $96,591 | $55,000 | 4,454,189 | 131 |
| 29 | Georgia | $94,793 | $54,000 | 10,429,379 | 521 |
| 30 | North Dakota | $101,821 | $59,000 | 755,393 | 16 |
| 31 | New Mexico | $97,865 | $55,000 | 2,088,070 | 53 |
| 32 | Arkansas | $94,235 | $53,000 | 3,004,279 | 86 |
| 33 | Wisconsin | $93,464 | $54,000 | 5,795,483 | 201 |
| 34 | Montana | $93,360 | $54,000 | 1,050,493 | 49 |
| 35 | Oregon | $93,473 | $53,000 | 4,142,776 | 198 |
| 36 | Indiana | $91,017 | $52,000 | 6,666,818 | 238 |
| 37 | Minnesota | $90,612 | $52,000 | 5,576,606 | 352 |
| 38 | Missouri | $88,957 | $50,000 | 6,113,532 | 288 |
| 39 | Florida | $90,005 | $52,000 | 20,984,400 | 745 |
| 40 | South Dakota | $91,077 | $52,000 | 869,666 | 14 |
| 41 | Mississippi | $90,564 | $51,000 | 2,984,100 | 53 |
| 42 | Iowa | $85,589 | $49,000 | 3,145,711 | 156 |
| 43 | Alabama | $87,459 | $49,000 | 4,874,747 | 144 |
| 44 | Colorado | $79,937 | $45,000 | 5,607,154 | 357 |
| 45 | Utah | $83,316 | $46,000 | 3,101,833 | 151 |
| 46 | South Carolina | $88,278 | $50,000 | 5,024,369 | 136 |
| 47 | Oklahoma | $86,855 | $48,000 | 3,930,864 | 82 |
| 48 | Wyoming | $87,084 | $49,000 | 579,315 | 15 |
| 49 | Kansas | $81,882 | $46,000 | 2,913,123 | 100 |
| 50 | Nebraska | $81,198 | $46,000 | 1,920,076 | 74 |
| 51 | Idaho | $84,204 | $47,000 | 1,716,943 | 44 |
Highest paying states for portfolio managers
| Rank | State | Avg. Portfolio Manager Salary |
|---|---|---|
| 1 | Connecticut | $138,687 |
| 2 | New York | $137,569 |
| 3 | Massachusetts | $122,718 |
| 4 | New Jersey | $123,862 |
| 5 | California | $118,488 |
| 6 | Rhode Island | $119,876 |
| 7 | District of Columbia | $119,209 |
| 8 | Arizona | $106,298 |
| 9 | Louisiana | $120,588 |
| 10 | Pennsylvania | $111,518 |
| 11 | Illinois | $106,128 |
| 12 | Alaska | $125,321 |
| 13 | Delaware | $107,971 |
| 14 | Ohio | $104,780 |
| 15 | Maryland | $108,647 |
| 16 | West Virginia | $109,713 |
| 17 | Virginia | $105,474 |
| 18 | Texas | $101,826 |
| 19 | Michigan | $103,500 |
| 20 | New Hampshire | $105,079 |
| 21 | Maine | $107,758 |
| 22 | Washington | $100,938 |
| 23 | Hawaii | $109,245 |
| 24 | North Carolina | $98,087 |
| 25 | Nevada | $98,283 |
| 26 | Tennessee | $98,002 |
| 27 | Vermont | $102,591 |
| 28 | Kentucky | $96,591 |
| 29 | Georgia | $94,793 |
| 30 | North Dakota | $101,821 |
| 31 | New Mexico | $97,865 |
| 32 | Arkansas | $94,235 |
| 33 | Wisconsin | $93,464 |
| 34 | Montana | $93,360 |
| 35 | Oregon | $93,473 |
| 36 | Indiana | $91,017 |
| 37 | Minnesota | $90,612 |
| 38 | Missouri | $88,957 |
| 39 | Florida | $90,005 |
| 40 | South Dakota | $91,077 |
| 41 | Mississippi | $90,564 |
| 42 | Iowa | $85,589 |
| 43 | Alabama | $87,459 |
| 44 | Colorado | $79,937 |
| 45 | Utah | $83,316 |
| 46 | South Carolina | $88,278 |
| 47 | Oklahoma | $86,855 |
| 48 | Wyoming | $87,084 |
| 49 | Kansas | $81,882 |
| 50 | Nebraska | $81,198 |
| 51 | Idaho | $84,204 |
Portfolio manager best states FAQs
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Updated January 8, 2025