A new study has ranked states by how desirable they are for financial advisors.
The ranking by career website Zippia looked at, on a state-by-state basis, the salaries paid to advisors, the availability of advisor jobs, cost of living and each state's U.S. Bureau of Labor Statistics "location quotient," or how concentrated the financial services industry is in each state compared to the nation as a whole.
The following states, in ascending order, were judged the best for financial advisors by Zippia:
10. Connecticut
Financial advisors working in the Nutmeg State can expect to earn an average annual salary of $75,587, with 10% earning a low of $44,000 and 10% earning a high of $129,000, according to Zippia.
9. North Carolina
Boasting a robust and growing job market, financial advisors in North Carolina can expect to earn an average annual salary of $82,088, with 10% earning a low of $44,000 and 10% earning a high of $150,000.
8. Wisconsin
Financial advisors working in Wisconsin can expect to earn an average annual salary of $78,722, with 10% earning a low of $43,000 and 10% earning a high of $142,000.
7. New Jersey
New Jersey financial advisors can expect to earn an average annual salary of $92,347, with 10% earning a low of $53,000 and 10% earning a high of $158,000.
6. Maine
Financial advisors in Maine can expect to earn an average annual salary of $101,268, with 10% earning a low of $61,000 and 10% earning a high of $166,000.
5. Virginia
Financial Advisors in Virginia can expect to earn an average annual salary of $86,758, with 10% earning a low of $48,000 and 10% earning a high of $154,000.
4. District of Columbia
Financial advisors in Washington, D.C. can expect to earn an average annual salary of $90,597, with 10% earning a low of $51,000 and 10% earning a high of $159,000.
3. Rhode Island
Financial advisors in Rhode Island can expect to earn an average annual salary of $85,738, with 10% earning a low of $50,000 and 10% earning a high of $145,000.
2. Massachusetts
Financial advisors in Massachusetts can expect to earn an average annual salary of $101,081, with 10% earning a low of $60,000 and 10% earning a high of $168,000.
1. New York
Financial advisors in New York State can expect to earn an average annual salary of $110,404, with 10% earning a low of $65,000 and 10% earning a high of $185,000.
