Minneapolis vs Richfield: Financial Advisor Salary (2026)
Compare financial advisor salaries between Minneapolis, MN and Richfield, MN. All figures are 2026 estimates projected from BLS 2025 data.
Side-by-Side Comparison
| Metric | Minneapolis, MN | Richfield, MN |
|---|---|---|
| Median Salary | $106,823▲ | $81,968 |
| Hourly Rate | $51.35▲ | $39.41 |
| Entry Level (P10) | $49,088▲ | $47,541 |
| 25th Percentile | $78,353▲ | $59,016 |
| 75th Percentile | $173,275▲ | $104,919 |
| Top Earner (P90) | $328,907▲ | $127,050 |
| Total Employed | 4,150▲ | 9 |
Verdict
Minneapolis, MN offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Richfield.
The salary gap between Minneapolis and Richfield is $24,855 (30.32%). Minneapolis's median is -1.58% compared to the US national median of $108,537.
Salary Range Comparison
The full salary range (10th to 90th percentile) in Minneapolis spans $279,819,Richfield spans $79,509. Minneapolis 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, Minneapolis ($101,909 effective) pays 22.46% more than Richfield ($83,216 effective).
Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.
Which City Is Right for You?
Choose Minneapolis if…
- ✓Higher median salary ($106,823/year)
- ✓Better top-earner potential ($328,907)
- ✓Larger job market (4,150 employed)
- ✓Better purchasing power (CoL-adjusted: $101,909)
- ✓You prefer the Minnesota area and lifestyle
Choose Richfield if…
- ✓You prefer the Minnesota area and lifestyle
Historical Salary Growth Comparison
Based on BLS OEWS metropolitan area data, financial advisor salaries in Minneapolis grew 24.6% from 2019 to 2025, compared to -22.6% growth in Richfield over the same period.
Minneapolis, MN
$82,970 (2019) → $103,410 (2025)
Richfield, MN
$102,466 (2024) → $79,349 (2025)
View Full Salary Data
Minneapolis, MN
Richfield, MN
Frequently Asked Questions
Which city pays financial advisors more: Minneapolis or Richfield?
What is the hourly rate difference between Minneapolis and Richfield?
Should I relocate from Minneapolis to Richfield as a financial advisor?
What do entry-level financial advisors earn in Minneapolis vs Richfield?
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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