Personal Financial Advisors Salary
The median pay for a personal financial advisors in Minnesota is $102,660/year ($49.36/hour), per BLS data. The range runs from $48K at the entry level to $311K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $110,864 in buying power. Rent on a 2-bedroom averages $1,384/month, or 21.9% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $103K get you in Minnesota?
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What this looks like in Minnesota
Personal financial advisors pay in Minnesota tracks closely to the national median, $103K locally vs. $105K nationwide, a 2% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,384/month, 22.1% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level personal financial advisors (10th percentile) start around $48K. Mid-career wages sit at $103K. Top earners bring in $311K or more, a $263K spread from bottom to top.
Personal Financial Advisors salary by metro in Minnesota
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $103K | +1% | 4,150 |
| Rochester | $95K | -7% | 110 |
| Mankato | $82K | -20% | 40 |
| Duluth | $80K | -22% | 110 |
| St. Cloud | $78K | -24% | 190 |
Compare to other states
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Minnesota?
Yes — at the median salary of $103K, rent takes 22.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Minnesota?
The 10th-percentile wage — what new personal financial advisors typically earn — is $48K/year. Take-home on that works out to about $2,851/month. At HUD’s $1,384/month FMR, rent would take 49% 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 Minnesota?
Pay here is roughly in line with the national average — $103K locally vs. $105K nationally, a 2% difference.
How does Minnesota compare to the national average for personal financial advisors?
Minnesota pays $103K median vs. the U.S. average of $105K — that’s -2%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $111K — still ahead of the national median.
How much do personal financial advisors make in Minnesota?
The median is $102,660 a year, that works out to about $49 an hour. But the range is wide: entry-level workers start around $47,520, and experienced personal financial advisors can clear $310,730. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $103K enough to live in Minnesota?
On that salary, you'd take home roughly $6,254/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 22.1% 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 Minnesota?
Minnesota has a Regional Price Parity of 92.6 (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 $110,864 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.