Last updated: 2025 BLS data · Page refreshed:
How much does a Personal Financial Advisors actually take home in New York?
Progressive (up to 10.9%) — 31.0% effective total tax rateData: BLS OEWS 2025 + IRS/State Tax Brackets 2024 • Updated 2026-05-19
Detailed line-by-line tax calculation for a Personal Financial Advisors earning $166,400 in New York (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $166,400 | — |
| Federal Income Tax | -$29,474 | 17.7% |
| New York State Income Tax | -$9,415 | 5.7% |
| Social Security (OASDI) | -$10,316 | 6.2% |
| Medicare | -$2,412 | 1.5% |
| Total Taxes | -$51,619 | 31.0% |
| Take-Home Pay | $114,780 | 69.0% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Personal Financial Advisors in New York.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $76,190 | -$18,456 | $57,733 | 24.2% |
| 25th Percentile (P25) | $102,080 | -$27,664 | $74,415 | 27.1% |
| Median (P50) | $166,400 | -$51,619 | $114,780 | 31.0% |
| 75th Percentile (P75) | $282,050 | -$96,184 | $185,865 | 34.1% |
| 90th Percentile (P90) | $427,700 | -$160,562 | $267,137 | 37.5% |
A Personal Financial Advisors in New York faces a combined 31.0% effective tax rate, taking home $114,780 out of $166,400. The progressive (up to 10.9%) adds $9,415 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $124,195 — a difference of $9,415/year.
A Personal Financial Advisors in New York loses 31.0% of gross pay to taxes — higher than the ~25% national midpoint. Of the $166,400 gross, $114,780 lands in the paycheck after federal ($29,474), state ($9,416), and FICA ($12,730) withholding.
New York uses a progressive state income tax, so brackets escalate as wages rise. For this Personal Financial Advisors salary the state tax works out to $9,416 (5.7% effective) — on top of federal and FICA.
Federal income tax ($29,474) accounts for 57% of the total tax bill — the single largest deduction. FICA adds $12,730 (25%), and state tax the remaining $9,416 (18%).
The state-tax gap is substantial: a Personal Financial Advisors earning this gross in a no-income-tax state would net about $124,196 — an extra $9,416 (8.2%) annually compared with New York.
For Personal Financial Advisors after-tax pay, New York ranks #1 of 49 states — top quartile. High gross wages or low state-tax burden (or both) drive the strong ranking.
Translated into paycheck cadences, $114,780 net/year works out to $9,565/month or $4,415/bi-weekly for this Personal Financial Advisors in New York — the numbers that actually hit a checking account after every deduction.
Where does a Personal Financial Advisors keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
New York ranks #1 out of 49 states for Personal Financial Advisors after-tax take-home pay.
A Personal Financial Advisors in New York earning a median salary of $166,400 will take home approximately $114,780 per year after federal income tax ($29,474), state income tax ($9,415), and FICA ($12,729). That is $9,565 per month or $4,414 per bi-weekly paycheck.
The effective total tax rate for a Personal Financial Advisors in New York is 31.0%, broken down as: federal income tax 17.7%, New York state tax 5.7%, and FICA (Social Security + Medicare) 7.6%. This assumes a single filer with the standard deduction for 2024.
New York has a progressive (up to 10.9%). On a Personal Financial Advisors's median salary of $166,400, the state income tax amounts to $9,415 per year, which is an effective state rate of 5.7%.
After all taxes, a Personal Financial Advisors in New York takes home approximately $9,565 per month, or about $55.18 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2025 BLS median salary of $166,400 for Personal Financial Advisors in New York, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), New York state income tax (progressive (up to 10.9%)), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $114,780/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
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This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR