Financial Advisor Hourly Pay in Calumet City, IL: $52.92 (2026)
Quick Answer:Hourly pay for a financial advisor working in Calumet City, IL runs $52.92 at the median for 2026 — annualizing to $110,083 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Calumet City's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $54.50 nationally would. A 24-hour part-time schedule grosses $66,045 per year.
Based on BLS state-level estimates · View source
In Calumet City, financial advisors have an estimated median hourly pay of $52.92, slightly above the national median of $52.18. This competitive hourly rate provides flexibility for financial advisors who may choose to work part-time, such as those committing to a 3-day workweek. In typical environments like wirehouse branch offices, Registered Investment Advisors (RIAs), and insurance agency offices, part-time and per-diem roles are common, allowing advisors to balance their workload with other commitments. For entry-level positions, hourly pay starts around $30.70, while top earners can command rates as high as $82.03, illustrating a broad spectrum based on experience and specialization.
About the Calumet City Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $30.70 | $245.61 |
| Lower Range (P25) | $38.11 | $304.86 |
| Median (P50) | $52.92 | $423.36 |
| Upper Range (P75) | $67.74 | $541.95 |
| Top Earners (P90) | $82.03 | $656.24 |
Estimated Annual Income by Work Schedule in Calumet City
Based on $52.92/hr median hourly rate · 2026 est.
At $52.92/hr, a financial advisor working full-time (40 hr/wk) in Calumet City, IL can expect to earn approximately $110,075 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $63,505. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Calumet City.
Hourly Rate Calculator
Schedule Comparison in Calumet City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,116.82 | $9,173 | $110,075 |
| Part-Time (24 hrs) | $1,270.09 | $5,504 | $66,045 |
| Per Diem (16 hrs) | $846.73 | $3,669 | $44,030 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Calumet City) | $52.92 |
| 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 Calumet City, IL earn a median of $110,083 per year (2026 est.), which is 1.42% higher than the national median of $108,537 and 5.20% below the Illinois state average of $116,121.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $52.92/hr = $66,045/year (purchasing power: $68,017).
Working 40h/week (full-time) = $110,075/year (purchasing power: $113,362).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.83/hr
2025 BLS Actual
$51.23/hr
2026 Current Est.
$52.92/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Calumet City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.83/hr | Actual |
| 2020 | $43.56/hr | Actual |
| 2021 | $45.92/hr | Actual |
| 2022 | $46.51/hr | Actual |
| 2023 | $48.55/hr | Actual |
| 2024 | $50.91/hr | Actual |
| 2025 | $51.23/hr | Actual |
| 2026(current) | $52.92/hr | Estimated |
| 2027 | $54.67/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Calumet City grew 19.6% from $42.83/hr (2019) to $51.23/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $54.67/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 Calumet City 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 Calumet City
For those pursuing part-time work in Calumet City, a financial advisor working 24 hours a week can expect to take home substantial earnings over time, although the full-time earnings potential is generally higher. Per diem arrangements or project-based consulting are more common among seasoned advisors rather than those at the entry level; experienced professionals may earn between $3,000 and $15,000 for a complete financial plan. Various types of employers, such as wirehouses and independent broker-dealers, can offer differing hourly pay scales, with wirehouses often providing more stability and associated benefits while independent practices might offer higher hourly rates in exchange for the lack of traditional benefits. For those negotiating their hourly compensation, it is essential to consider the trade-offs of benefits versus higher pay, particularly in a market where the shift from commission-based to fee-only RIA models is becoming prevalent.
More salary data for Calumet City, IL:
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 Calumet City. 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 Calumet City 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