Duluth vs Faribault: Financial Advisor Salary (2026)
Compare financial advisor salaries between Duluth, MN and Faribault, MN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Duluth, MN | Faribault, MN |
|---|---|---|
| Median Salary | $83,136▲ | $80,386 |
| Hourly Rate | $39.97▲ | $38.64 |
| Entry Level (P10) | $45,070 | $46,623▲ |
| 25th Percentile | $64,779▲ | $57,878 |
| 75th Percentile | $160,208▲ | $102,894 |
| Top Earner (P90) | $336,789▲ | $124,598 |
| Total Employed | 110▲ | 6 |
Verdict
Duluth, MN offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Faribault.
The salary gap between Duluth and Faribault is $2,750 (3.42%). Duluth's median is -23.40% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Duluth spans $291,719,Faribault spans $77,975. Duluth has a wider pay range, meaning more potential for high earners but also more variation.
Cost-of-Living Adjusted Comparison
After cost-of-living adjustment, Duluth ($93,655 effective) pays 14.76% more than Faribault ($81,610 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Duluth if…
- ✓Higher median salary ($83,136/year)
- ✓Better top-earner potential ($336,789)
- ✓Larger job market (110 employed)
- ✓Better purchasing power (CoL-adjusted: $93,655)
- ✓You prefer the Minnesota area and lifestyle
Choose Faribault if…
- ✓You prefer the Minnesota area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Duluth grew -4.4% from 2019 to 2025, compared to -22.6% growth in Faribault over the same period.
Duluth, MN
$84,220 (2019) → $80,480 (2025)
Faribault, MN
$100,489 (2024) → $77,818 (2025)
View Full Salary Data
Duluth, MN
Faribault, MN
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
All salary figures are 2026 projections based on BLS OEWS May 2025 data. A 3.30% CAGR (derived from 6-year national BLS trends) was applied to estimate current compensation. Cost-of-living adjustments use BEA Regional Price Parity data. Actual salaries vary by employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS , released .
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov