Financial Advisor Hourly Pay in Hoover, AL: $38.75 (2026)
Quick Answer:Hourly pay for a financial advisor working in Hoover, AL runs $38.75 at the median for 2026 — annualizing to $80,593 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Hoover's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $44.08 nationally would. A 24-hour part-time schedule grosses $48,357 per year.
Based on BLS state-level estimates · View source
In Hoover, Alabama, financial advisors can expect a median hourly rate of $38.75, which trails the national median of $52.18 by a significant margin. This disparity illustrates the unique economic dynamics within the local market. Part-time financial advisors who work approximately three days a week might bring home around $29,250 annually, making this role appealing for those seeking flexible working hours without the commitment of a full-time position. In terms of pay scale, entry-level positions typically start at $22.47 per hour, while experienced advisors can earn up to $60.06 hourly, depending on their clientele and the types of financial products they handle. Compensation in this sector is increasingly performance-based, reflecting the growing trend towards project-based work in settings like wirehouse branch offices and independent fiduciary firms.
About the Hoover Market
Salary estimated from Alabama average ($82,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.47 | $179.74 |
| Lower Range (P25) | $27.90 | $223.21 |
| Median (P50) | $38.75 | $309.98 |
| Upper Range (P75) | $49.59 | $396.75 |
| Top Earners (P90) | $60.06 | $480.47 |
Estimated Annual Income by Work Schedule in Hoover
Based on $38.75/hr median hourly rate · 2026 est.
At $38.75/hr, a financial advisor working full-time (40 hr/wk) in Hoover, AL can expect to earn approximately $80,595 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $46,497. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Hoover.
Hourly Rate Calculator
Schedule Comparison in Hoover
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,549.91 | $6,716 | $80,595 |
| Part-Time (24 hrs) | $929.95 | $4,030 | $48,357 |
| Per Diem (16 hrs) | $619.97 | $2,687 | $32,238 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Hoover) | $38.75 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Hoover, AL earn a median of $80,593 per year (2026 est.), which is 25.75% lower than the national median of $108,537 and 1.00% above the Alabama state average of $79,795.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $38.75/hr = $48,357/year (purchasing power: $55,014).
Working 40h/week (full-time) = $80,595/year (purchasing power: $91,690).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$31.36/hr
2025 BLS Actual
$37.51/hr
2026 Current Est.
$38.75/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Hoover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $31.36/hr | Actual |
| 2020 | $31.89/hr | Actual |
| 2021 | $33.62/hr | Actual |
| 2022 | $34.05/hr | Actual |
| 2023 | $35.55/hr | Actual |
| 2024 | $34.99/hr | Actual |
| 2025 | $37.51/hr | Actual |
| 2026(current) | $38.75/hr | Estimated |
| 2027 | $40.03/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Hoover grew 19.6% from $31.36/hr (2019) to $37.51/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $40.03/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoover metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Hoover
Part-time financial advisors in Hoover may find the per diem financial advisor pay more favorable for those with established reputations and client bases. For example, experienced fiduciary advisors can charge between $3,000 to $15,000 for comprehensive financial plans, making it possible to earn a substantial income through a limited number of clients. Firms such as Morgan Stanley and Northwestern Mutual are common employers, each offering varying pay scales based on business models and services. Additionally, while the wirehouse model has historically been commission-driven, there's a growing space for fee-only RIAs, which charge based on assets under management. Often, advisors face tough trade-offs between lower hourly rates that come with benefits and higher rates as independent contractors without healthcare support. For those negotiating financial advisor hourly pay in Hoover, emphasizing skills and certifications—especially the CFP designation—can bolster bargaining power in this transforming industry landscape.
More salary data for Hoover, AL:
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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Hoover. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Hoover is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov