Personal Financial Advisors Salary
The median pay for a personal financial advisors in Southwest Minnesota nonmetropolitan area is $85,550/year ($41.13/hour), per BLS data. The range runs from $48K at the entry level to $236K for experienced workers.
So what does $86K get you in Southwest Minnesota nonmetropolitan area?
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Compensation breakdown
Annual earnings by percentile, Southwest Minnesota nonmetropolitan area
Entry-level personal financial advisors (10th percentile) start around $48K. Mid-career wages sit at $86K. Top earners bring in $236K or more, a $189K 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 Southwest Minnesota nonmetropolitan area numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Southwest Minnesota nonmetropolitan area?
Yes — at the median salary of $86K, rent takes 29.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,596/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Southwest Minnesota nonmetropolitan area?
The 10th-percentile wage — what new personal financial advisors typically earn — is $48K/year. Take-home on that works out to about $2,870/month.
Is personal financial advisor a high-paying job in Southwest Minnesota nonmetropolitan area?
Local pay runs 19% below the national median — $86K here vs. $105K nationally.
How does Southwest Minnesota nonmetropolitan area compare to the national average for personal financial advisors?
Southwest Minnesota nonmetropolitan area pays $86K median vs. the U.S. average of $105K — that’s -19%.
How much do personal financial advisors make in Southwest Minnesota nonmetropolitan area?
The median is $85,550 a year, that works out to about $41 an hour. But the range is wide: entry-level workers start around $47,840, and experienced personal financial advisors can clear $236,480. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $86K enough to live in Southwest Minnesota nonmetropolitan area?
On that salary, you'd take home roughly $5,348/month after taxes. A 2-bedroom here rents for about $1,596/month, which eats 29.8% 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 Southwest Minnesota nonmetropolitan area?
Southwest Minnesota nonmetropolitan area has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median personal financial advisors salary is worth about $85,550 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.