Financial Advisor Pay

St. Louis vs Independence: Financial Advisor Salary (2026)

Compare financial advisor salaries between St. Louis, MO and Independence, MO. All figures are 2026 estimates projected from BLS 2025 data.

St. Louis, MO
$107,112
$51.50/hr
Independence, MO
$78,967
$37.96/hr

Side-by-Side Comparison

MetricSt. Louis, MOIndependence, MO
Median Salary$107,112$78,967
Hourly Rate$51.50$37.96
Entry Level (P10)$54,429$45,801
25th Percentile$74,479$56,856
75th Percentile$177,149$101,077
Top Earner (P90)$341,262$122,398
Total Employed2,63030
Side-by-side bar chart comparing St. Louis ($107,112) and Independence ($78,967) financial advisor salaries.St. LouisIndependenceMedian Salary$107,112$78,967Entry Level (P10)$54,429$45,801Top Earner (P90)$341,262$122,398US Median $108,537

Verdict

St. Louis, MO offers better overall compensation for financial advisors, winning 4 out of 4 metrics compared to Independence.

The salary gap between St. Louis and Independence is $28,145 (35.64%). St. Louis's median is -1.31% compared to the US national median of $108,537.

Salary Range Comparison

The full salary range (10th to 90th percentile) in St. Louis spans $286,833,Independence spans $76,597. St. Louis has a wider pay range, meaning more potential for high earners but also more variation.

St. Louis
P10 (Entry)$54,429
P25$74,479
Median$107,112
P75$177,149
P90 (Top)$341,262
Independence
P10 (Entry)$45,801
P25$56,856
Median$78,967
P75$101,077
P90 (Top)$122,398

Cost-of-Living Adjusted Comparison

After cost-of-living adjustment, St. Louis ($112,645 effective) pays 27.81% more than Independence ($88,133 effective).

St. Louis
Nominal: $107,112
CoL Index: 95.088
Adjusted: $112,645
Independence
Nominal: $78,967
CoL Index: 89.6
Adjusted: $88,133

Cost-of-living adjustment: salary × (100 / CoL index). Index of 100 = national average.

Which City Is Right for You?

Choose St. Louis if…

  • Higher median salary ($107,112/year)
  • Better top-earner potential ($341,262)
  • Larger job market (2,630 employed)
  • Better purchasing power (CoL-adjusted: $112,645)
  • You prefer the Missouri area and lifestyle

Choose Independence if…

  • You prefer the Missouri area and lifestyle

Historical Salary Growth Comparison

Based on BLS OEWS metropolitan area data, financial advisor salaries in St. Louis grew 59.5% from 2019 to 2025, compared to -9.1% growth in Independence over the same period.

St. Louis, MO

+59.5%

$64,990 (2019) → $103,690 (2025)

Independence, MO

+-9.1%

$84,126 (2024) → $76,444 (2025)

View Full Salary Data

Frequently Asked Questions

Which city pays financial advisors more: St. Louis or Independence?

St. Louis has a higher median financial advisor salary at $107,112/year, compared to Independence at $78,967/year — a difference of $28,145 (35.64%).

What is the hourly rate difference between St. Louis and Independence?

St. Louis financial advisors earn $51.50/hr while Independence hygienists earn $37.96/hr (2026 est.).

Should I relocate from St. Louis to Independence as a financial advisor?

Consider more than just salary when comparing St. Louis and Independence. Factor in cost of living (CoL-adjusted: St. Louis = $112,645, Independence = $88,133), job availability (2,630 vs 30 employed), commute, and career growth potential.

What do entry-level financial advisors earn in St. Louis vs Independence?

Entry-level (10th percentile) financial advisors earn $54,429 in St. Louis and $45,801 in Independence. The St. Louis area offers higher starting salaries.

Related Comparisons

JL

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.

Clinically reviewed by Sophia Martinez, CFAData verified by Ethan Wang, ChFC

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