Financial Advisor Hourly Pay in Lake Elsinore, CA: $55.24 (2026)
Quick Answer:Hourly pay for a financial advisor working in Lake Elsinore, CA runs $55.24 at the median for 2026 — annualizing to $114,908 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Lake Elsinore's regional price level (BEA RPP 113.1, 13% above national), each hour of work buys what $48.85 nationally would. A 24-hour part-time schedule grosses $68,946 per year.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Lake Elsinore can expect a median hourly pay of $55.24, which is notably higher than the national median hourly rate of $52.18. This competitive pay reflects the ongoing demand for financial expertise in diverse settings, including wirehouse branches, independent advisory firms, and remote consultations. Part-time and per-diem financial advisors working just three days a week can utilize this hourly rate when planning their schedules; even at part-time hours, the potential earnings can be substantial. For entry-level roles, the hourly range begins at approximately $32.04, whereas top earners can bring in up to $85.63. These hourly rates are derived from annual salary estimates, illustrating not just the value of expertise but also the flexibility present in this profession.
About the Lake Elsinore Market
Salary estimated from California average ($140,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $32.04 | $256.35 |
| Lower Range (P25) | $39.78 | $318.25 |
| Median (P50) | $55.24 | $441.96 |
| Upper Range (P75) | $70.71 | $565.67 |
| Top Earners (P90) | $85.63 | $685.00 |
Estimated Annual Income by Work Schedule in Lake Elsinore
Based on $55.24/hr median hourly rate · 2026 est.
At $55.24/hr, a financial advisor working full-time (40 hr/wk) in Lake Elsinore, CA can expect to earn approximately $114,909 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $66,294. With a cost-of-living index of 113.10 (above the national average), these earnings may be offset by higher expenses in Lake Elsinore.
Hourly Rate Calculator
Schedule Comparison in Lake Elsinore
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,209.79 | $9,576 | $114,909 |
| Part-Time (24 hrs) | $1,325.88 | $5,745 | $68,946 |
| Per Diem (16 hrs) | $883.92 | $3,830 | $45,964 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Lake Elsinore) | $55.24 |
| 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 Lake Elsinore, CA earn a median of $114,908 per year (2026 est.), which is 5.87% higher than the national median of $108,537 and 0.30% below the California state average of $115,254.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $55.24/hr = $68,946/year (purchasing power: $60,960).
Working 40h/week (full-time) = $114,909/year (purchasing power: $101,600).
CoL index: 113.1 (100 = national average).
2019 BLS Actual
$44.72/hr
2025 BLS Actual
$53.48/hr
2026 Current Est.
$55.24/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Lake Elsinore (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.72/hr | Actual |
| 2020 | $45.47/hr | Actual |
| 2021 | $47.93/hr | Actual |
| 2022 | $48.55/hr | Actual |
| 2023 | $50.69/hr | Actual |
| 2024 | $75.89/hr | Actual |
| 2025 | $53.48/hr | Actual |
| 2026(current) | $55.24/hr | Estimated |
| 2027 | $57.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Lake Elsinore grew 19.6% from $44.72/hr (2019) to $53.48/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $57.07/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 Lake Elsinore 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 Lake Elsinore
Evaluating the earning potential as a financial advisor reveals distinct opportunities depending on employment structures in Lake Elsinore. A three-day work schedule, equating to 24 hours a week, translates to around $68,000 annually, a decent sum for part-time work but significantly lower than full-time earnings. Most entry-level opportunities do not accommodate per-diem or agency work, but experienced fiduciaries with robust client bases can charge between $3,000 to $15,000 for comprehensive financial plans while small business retirement planning can yield retainers from $5,000 to $25,000 yearly. Hourly rates may fluctuate based on the advisor's affiliation—whether at wirehouses like Morgan Stanley or UBS, independent broker-dealers, or RIAs—creating disparities in pay styles. Some financial advisors may opt for lower hourly rates in exchange for benefits like health insurance, while others might navigate toward higher hourly compensation with fewer perks. For those pursuing financial advisor hourly pay in Lake Elsinore, negotiation strategies should focus on the unique value proposition provided to clients and positioning oneself in the ever-evolving fiduciary versus commission-based debate.
More salary data for Lake Elsinore, CA:
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 Lake Elsinore. 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 Lake Elsinore 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