Personal Financial Advisors Salary
The median pay for a personal financial advisors in Indiana is $87,710/year ($42.17/hour), per BLS data. The range runs from $44K at the entry level to $319K for experienced workers. Note: the mean (average) wage is $137K, 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 91.81), which stretches that salary to about $95,534 in buying power. Rent on a 2-bedroom averages $1,144/month, or 20.2% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Indiana. Jump to a metro for precise data:
So what does $88K get you in Indiana?
About personal financial advisors
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What this looks like in Indiana
Pay for personal financial advisors in Indiana runs about 17% below the U.S. median of $105K. Housing is manageable: a 2-bedroom at the HUD median costs $1,144/month, 20.4% of take-home, well inside the 30% guideline. Regional Price Parity sits at 91.81 (national = 100), meaning everyday costs run about 8% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Indiana can be a reasonable trade-off for personal financial advisorss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, Indiana
Entry-level personal financial advisors (10th percentile) start around $44K. Mid-career wages sit at $88K. Top earners bring in $319K or more, a $275K spread from bottom to top.
Personal Financial Advisors salary by metro in Indiana
12 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Indianapolis-Carmel-Greenwood | $103K | +17% | 2,400 |
| Kokomo | $97K | +11% | 80 |
| Bloomington | $94K | +7% | N/A |
| Lafayette-West Lafayette | $81K | -7% | 70 |
| Fort Wayne | $81K | -8% | 390 |
| Evansville | $79K | -10% | 210 |
| Columbus | $78K | -11% | 70 |
| Elkhart-Goshen | $75K | -14% | 110 |
| South Bend-Mishawaka | $75K | -15% | 220 |
| Muncie | $67K | -24% | 70 |
| Michigan City-La Porte | $60K | -31% | 60 |
| Terre Haute | $49K | -44% | 60 |
Showing 1–10 of 12 metros
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Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Indiana numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Indiana?
Yes — at the median salary of $88K, rent takes 20.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,144/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Indiana?
The 10th-percentile wage — what new personal financial advisors typically earn — is $44K/year. Take-home on that works out to about $2,649/month. At HUD’s $1,144/month FMR, rent would take 43% 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 Indiana?
Local pay runs 17% below the national median — $88K here vs. $105K nationally. Cost of living is 8% below the national average, which narrows that gap in real purchasing power.
How does Indiana compare to the national average for personal financial advisors?
Indiana pays $88K median vs. the U.S. average of $105K — that’s -17%. After adjusting for local cost of living (RPP 91.81), the purchasing-power equivalent is $96K — below the national median.
How much do personal financial advisors make in Indiana?
The median is $87,710 a year, that works out to about $42 an hour. But the range is wide: entry-level workers start around $44,150, and experienced personal financial advisors can clear $319,330. The mean (average) is $137,220, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $88K enough to live in Indiana?
On that salary, you'd take home roughly $5,618/month after taxes. A 2-bedroom here rents for about $1,144/month, which eats 20.4% 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 Indiana?
Indiana has a Regional Price Parity of 91.81 (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 $95,534 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.