Financial Advisor Hourly Pay in Carmel, IN: $50.52 (2026)
Quick Answer:Hourly pay for a financial advisor working in Carmel, IN runs $50.52 at the median for 2026 — annualizing to $105,098 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Carmel's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $55.34 nationally would. A 24-hour part-time schedule grosses $63,054 per year.
Based on BLS state-level estimates · View source
In Carmel, Indiana, the financial advisor hourly pay is projected to reach $50.52 in 2026, which positions it slightly below the national median of $52.18 per hour. This rate is reflective of the area's cost of living, which stands at a lower index compared to the national average. For part-time financial advisors working three days a week, this hourly rate can provide a stable income, allowing them to balance their professional and personal commitments across various client-focused settings. The hourly pay range in Carmel varies widely, from $29.31 for entry-level positions up to $78.32 for high-earning professionals. The data indicates that these rates are derived from annual salary estimates, providing a reliable framework for individuals considering opportunities in this field, including roles in wirehouse branch offices, RIAs, and virtual financial planning meetings.
About the Carmel Market
Salary estimated from Indiana average ($88,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $29.31 | $234.45 |
| Lower Range (P25) | $36.38 | $291.06 |
| Median (P50) | $50.52 | $404.19 |
| Upper Range (P75) | $64.68 | $517.41 |
| Top Earners (P90) | $78.32 | $626.58 |
Estimated Annual Income by Work Schedule in Carmel
Based on $50.52/hr median hourly rate · 2026 est.
At $50.52/hr, a financial advisor working full-time (40 hr/wk) in Carmel, IN can expect to earn approximately $105,090 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,629. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Carmel.
Hourly Rate Calculator
Schedule Comparison in Carmel
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,020.96 | $8,757 | $105,090 |
| Part-Time (24 hrs) | $1,212.58 | $5,254 | $63,054 |
| Per Diem (16 hrs) | $808.38 | $3,503 | $42,036 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Carmel) | $50.52 |
| 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 Carmel, IN earn a median of $105,098 per year (2026 est.), which is 3.17% lower than the national median of $108,537 and 29.80% above the Indiana state average of $80,970.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $50.52/hr = $63,054/year (purchasing power: $69,062).
Working 40h/week (full-time) = $105,090/year (purchasing power: $115,104).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.89/hr
2025 BLS Actual
$48.91/hr
2026 Current Est.
$50.52/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Carmel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.89/hr | Actual |
| 2020 | $41.58/hr | Actual |
| 2021 | $43.84/hr | Actual |
| 2022 | $44.40/hr | Actual |
| 2023 | $46.35/hr | Actual |
| 2024 | $37.91/hr | Actual |
| 2025 | $48.91/hr | Actual |
| 2026(current) | $50.52/hr | Estimated |
| 2027 | $52.19/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Carmel grew 19.6% from $40.89/hr (2019) to $48.91/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $52.19/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 Carmel 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 Carmel
Evaluating part-time potential, a financial advisor working 24 hours a week could earn approximately $62,619 annually, contrasting significantly with full-time counterparts. Per-diem advice roles are less common at junior levels but can become a lucrative path for experienced advisors who typically charge $3,000 to $15,000 for comprehensive project-based planning. Furthermore, those consulting for retirement plans at small businesses may receive retainers ranging from $5,000 to $25,000. In Carmel, hourly rates can fluctuate based on firm type; for instance, wirehouses like Morgan Stanley and Bank Private Banking services often offer lower initial pay but may come with benefits, whereas independent firms might present higher rates with less financial support. It's essential for advisors to weigh the trade-offs between salary and health benefits carefully when negotiating their financial advisor hourly rate IN. Understanding market rates and articulating one's value proposition in client consultations can significantly enhance negotiation outcomes in this evolving industry landscape.
More salary data for Carmel, IN:
Frequently Asked Questions
What is the hourly rate for financial advisors in Carmel in 2026?
How much do part-time financial advisors make in Carmel?
Are financial advisors in Carmel paid hourly or salary?
How much does a full-time financial advisor make per year in Carmel?
Do financial advisors earn more per hour working part-time in Carmel?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Indiana
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 Carmel. 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 Carmel 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