Financial Advisor Hourly Pay in Andover, MN: $39.43 (2026)
Quick Answer:Hourly pay for a financial advisor working in Andover, MN runs $39.43 at the median for 2026 — annualizing to $82,008 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Andover's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $40.03 nationally would. A 24-hour part-time schedule grosses $49,208 per year.
Based on BLS state-level estimates · View source
In Andover, Minnesota, financial advisors earn a median hourly rate of $39.43, significantly lower than the national median of $52.18. For those working part-time—say three days a week—the hourly structure accommodates various work environments, ranging from wirehouse branch offices to remote virtual planning sessions. The hourly compensation can fluctuate, with entry-level advisors starting at around $22.87 per hour and top performers reaching up to $61.11. This variability enables flexibility for per-diem financial advisors in Andover, allowing them to tailor their schedules to client needs while reflecting on compensation trends as they navigate competitive environments.
About the Andover Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.87 | $182.96 |
| Lower Range (P25) | $28.39 | $227.09 |
| Median (P50) | $39.43 | $315.44 |
| Upper Range (P75) | $50.46 | $403.70 |
| Top Earners (P90) | $61.11 | $488.90 |
Estimated Annual Income by Work Schedule in Andover
Based on $39.43/hr median hourly rate · 2026 est.
At $39.43/hr, a financial advisor working full-time (40 hr/wk) in Andover, MN can expect to earn approximately $82,014 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,316. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Andover.
Hourly Rate Calculator
Schedule Comparison in Andover
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,577.18 | $6,834 | $82,014 |
| Part-Time (24 hrs) | $946.31 | $4,101 | $49,208 |
| Per Diem (16 hrs) | $630.87 | $2,734 | $32,805 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Andover) | $39.43 |
| 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 Andover, MN earn a median of $82,008 per year (2026 est.), which is 24.44% lower than the national median of $108,537 and 3.60% below the Minnesota state average of $85,070.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $39.43/hr = $49,208/year (purchasing power: $49,958).
Working 40h/week (full-time) = $82,014/year (purchasing power: $83,263).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$31.91/hr
2025 BLS Actual
$38.17/hr
2026 Current Est.
$39.43/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Andover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $31.91/hr | Actual |
| 2020 | $32.45/hr | Actual |
| 2021 | $34.21/hr | Actual |
| 2022 | $34.65/hr | Actual |
| 2023 | $36.18/hr | Actual |
| 2024 | $49.29/hr | Actual |
| 2025 | $38.17/hr | Actual |
| 2026(current) | $39.43/hr | Estimated |
| 2027 | $40.73/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Andover grew 19.6% from $31.91/hr (2019) to $38.17/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $40.73/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 Andover 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 Andover
Part-time financial advisors working 24 hours weekly can earn an annualized income lower than their full-time counterparts, which might be an appealing choice for those seeking work-life balance. While per-diem financial advisor pay in Andover is generally more common among seasoned professionals, entry-level positions often involve traditional employment routes. Experienced fiduciaries may charge project-based fees ranging from $3,000 to $15,000 for comprehensive planning services, making the per diem model less common at junior levels. Furthermore, rates can differ based on the employer type; wirehouses might offer stable incomes with benefits, while independent advisors often command higher hourly fees without health insurance. Negotiation is vital in the market, specifically in Andover, where understanding the valuation of advisory services can help professionals argue for better compensation in this evolving industry.
More salary data for Andover, MN:
Frequently Asked Questions
What is the hourly rate for financial advisors in Andover in 2026?
How much do part-time financial advisors make in Andover?
Are financial advisors in Andover paid hourly or salary?
How much does a full-time financial advisor make per year in Andover?
Do financial advisors earn more per hour working part-time in Andover?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 Andover. 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 Andover 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