Personal Financial Advisors Salary
The median pay for a personal financial advisors in Duluth, MN-WI is $80,480/year ($38.69/hour), per BLS data. The range runs from $44K at the entry level to $326K for experienced workers. Note: the mean (average) wage is $127K, significantly higher than the median. This typically reflects a mix of employment settings including academic and private practice positions. Cost of living is below average (RPP 88.77), which stretches that salary to about $90,661 in buying power. Rent on a 2-bedroom averages $1,232/month, or 24.4% of estimated take-home pay.
So what does $80K get you in Duluth?
Groceries, utilities, transportation, and healthcare scaled from national averages by Duluth’s Regional Price Parity (88.77). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About personal financial advisors
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What this looks like in Duluth
Pay for personal financial advisors in Duluth runs about 23% below the U.S. median of $105K. Housing is manageable: a 2-bedroom at the HUD median costs $1,232/month, 24.3% of take-home, well inside the 30% guideline. Regional Price Parity sits at 88.77 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Duluth can be a reasonable trade-off for personal financial advisorss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for personal financial advisors in metros near Duluth, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Minneapolis-St. Paul-Bloomington | $103K | $99K |
| St. Cloud | $78K | $88K |
| Rochester | $95K | $105K |
| Mankato | $82K | $91K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Duluth, MN-WI
Entry-level personal financial advisors (10th percentile) start around $44K. Mid-career wages sit at $80K. Top earners bring in $326K or more, a $282K spread from bottom to top.
Personal Financial Advisors pay across states
Median income ranked highest to lowest, compared to the national figure
View Personal Financial Advisors salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $166K | +58% | 21,550 |
| New Jersey | $159K | +51% | 9,300 |
| California | $130K | +24% | 32,200 |
| Connecticut | $130K | +23% | N/A |
| South Dakota | $129K | +23% | 620 |
| Massachusetts | $126K | +20% | N/A |
| Delaware | $125K | +19% | N/A |
| Oregon | $123K | +17% | 3,070 |
| Illinois | $120K | +14% | 9,760 |
| Wisconsin | $119K | +14% | 5,200 |
| Washington | $114K | +9% | 5,790 |
| Vermont | $110K | +5% | 520 |
| Pennsylvania | $105K | +0% | 12,200 |
| District of Columbia | $105K | -0% | 480 |
| Minnesota | $103K | -2% | 5,280 |
| Virginia | $103K | -2% | 6,340 |
| Kansas | $103K | -2% | 4,150 |
| Georgia | $101K | -3% | 6,830 |
| Florida | $101K | -4% | 21,490 |
| Missouri | $100K | -5% | 4,480 |
| Maryland | $100K | -5% | 5,260 |
| Texas | $99K | -6% | 18,200 |
| Montana | $97K | -7% | N/A |
| Arizona | $97K | -8% | 6,430 |
| North Carolina | $97K | -8% | 12,340 |
| New Hampshire | $97K | -8% | 1,850 |
| South Carolina | $96K | -8% | 2,400 |
| Idaho | $94K | -10% | 760 |
| New Mexico | $94K | -10% | 610 |
| Nebraska | $93K | -11% | 2,210 |
| Nevada | $93K | -12% | 1,730 |
| Iowa | $92K | -12% | 1,920 |
| Ohio | $91K | -13% | 7,680 |
| Colorado | $89K | -15% | 6,730 |
| Indiana | $88K | -17% | 5,400 |
| Tennessee | $84K | -20% | 3,970 |
| Rhode Island | $80K | -24% | 1,130 |
| West Virginia | $80K | -24% | 670 |
| Arkansas | $79K | -24% | 1,320 |
| Alaska | $79K | -25% | N/A |
| Alabama | $78K | -26% | 2,540 |
| Michigan | $78K | -26% | 6,570 |
| Wyoming | $77K | -26% | 310 |
| Utah | $77K | -26% | 2,520 |
| North Dakota | $77K | -27% | 540 |
| Hawaii | $76K | -28% | 550 |
| Oklahoma | $69K | -35% | 1,140 |
| Kentucky | $67K | -36% | 2,040 |
| Mississippi | $63K | -40% | 790 |
Showing 1–10 of 49 states with published data
BLS does not publish data for every state when sample sizes are too small
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Duluth numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Duluth?
Yes — at the median salary of $80K, rent takes 24.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,232/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Duluth?
The 10th-percentile wage — what new personal financial advisors typically earn — is $44K/year. Take-home on that works out to about $2,618/month. At HUD’s $1,232/month FMR, rent would take 47% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is personal financial advisor a high-paying job in Duluth?
Local pay runs 23% below the national median — $80K here vs. $105K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does Duluth compare to the national average for personal financial advisors?
Duluth pays $80K median vs. the U.S. average of $105K — that’s -23%. After adjusting for local cost of living (RPP 88.77), the purchasing-power equivalent is $91K — below the national median.
How much do personal financial advisors make in Duluth, MN-WI?
The median is $80,480 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $43,630, and experienced personal financial advisors can clear $326,030. The mean (average) is $126,910, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $80K enough to live in Duluth?
On that salary, you'd take home roughly $5,080/month after taxes. A 2-bedroom here rents for about $1,232/month, which eats 24.3% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a personal financial advisors salary go in Duluth?
Duluth has a Regional Price Parity of 88.77 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median personal financial advisors salary is worth about $90,661 in national-average purchasing power.
Where do personal financial advisors get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.