Financial Advisor Hourly Pay in Elmhurst, IL: $52.80 (2026)
Quick Answer:Hourly pay for a financial advisor working in Elmhurst, IL runs $52.80 at the median for 2026 — annualizing to $109,813 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Elmhurst's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $54.37 nationally would. A 24-hour part-time schedule grosses $65,890 per year.
Based on BLS state-level estimates · View source
In Elmhurst, Illinois, financial advisors earn a median hourly pay of $52.80, slightly surpassing the national median of $52.18. This competitive rate reflects the city's robust economic climate, providing a substantial wage for both full-time and part-time advisors. For those choosing to work part-time, such as three days a week, this could translate into a comfortable income, allowing for flexibility while still maintaining a healthy level of earnings. The hourly pay in Elmhurst varies considerably, with entry-level positions typically starting around $30.62 and experienced advisors, particularly those at the top of their game, commanding as much as $81.83 per hour. This range indicates ample opportunity for growth within the profession, especially as the industry shifts towards more fee-based structures in both traditional wirehouses and independent advisory settings.
About the Elmhurst 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) | $30.62 | $244.94 |
| Lower Range (P25) | $38.01 | $304.12 |
| Median (P50) | $52.80 | $422.37 |
| Upper Range (P75) | $67.58 | $540.63 |
| Top Earners (P90) | $81.83 | $654.67 |
Estimated Annual Income by Work Schedule in Elmhurst
Based on $52.80/hr median hourly rate · 2026 est.
At $52.80/hr, a financial advisor working full-time (40 hr/wk) in Elmhurst, IL can expect to earn approximately $109,817 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $63,356. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Elmhurst.
Hourly Rate Calculator
Schedule Comparison in Elmhurst
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,111.87 | $9,151 | $109,817 |
| Part-Time (24 hrs) | $1,267.12 | $5,491 | $65,890 |
| Per Diem (16 hrs) | $844.75 | $3,661 | $43,927 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Elmhurst) | $52.80 |
| 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 Elmhurst, IL earn a median of $109,813 per year (2026 est.), which is 1.18% higher than the national median of $108,537 and 5.40% below the Illinois state average of $116,081.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $52.80/hr = $65,890/year (purchasing power: $67,858).
Working 40h/week (full-time) = $109,817/year (purchasing power: $113,097).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.73/hr
2025 BLS Actual
$51.11/hr
2026 Current Est.
$52.80/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Elmhurst (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.73/hr | Actual |
| 2020 | $43.45/hr | Actual |
| 2021 | $45.81/hr | Actual |
| 2022 | $46.40/hr | Actual |
| 2023 | $48.44/hr | Actual |
| 2024 | $50.79/hr | Actual |
| 2025 | $51.11/hr | Actual |
| 2026(current) | $52.80/hr | Estimated |
| 2027 | $54.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Elmhurst grew 19.6% from $42.73/hr (2019) to $51.11/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $54.54/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 Elmhurst 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 Elmhurst
For financial advisors opting for part-time or per-diem work, the financial implications are notable. A 24-hour work week can yield a significant annual income, although it contrasts sharply with full-time earnings. The per diem financial advisor pay in Elmhurst varies, as experienced consultants might charge between $3,000 and $15,000 for comprehensive financial plans or retainers ranging from $5,000 to $25,000 for ongoing consulting. Different employer settings influence hourly rates, with wirehouses like Morgan Stanley and Merrill Lynch typically offering lower pay compared to independent firms that focus on fiduciary services. These independent registered investment advisors (RIAs) have been growing rapidly in customer preference, often attracting higher-caliber clients willing to pay a premium for specialized services. Financial advisors must weigh the trade-offs between hourly pay and benefits, as those in wirehouses may receive health insurance in exchange for lower hourly compensation, while others opt for higher pay without benefits. Practical negotiation skills are essential for navigating these choices, particularly in the competitive Elmhurst market where advisors can leverage their expertise to command better rates.
More salary data for Elmhurst, 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 Elmhurst. 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 Elmhurst 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