Financial Advisor Hourly Pay in Bloomington, MN: $50.45 (2026)
Quick Answer:Hourly pay for a financial advisor working in Bloomington, MN runs $50.45 at the median for 2026 — annualizing to $104,930 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Bloomington's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $51.22 nationally would. A 24-hour part-time schedule grosses $62,964 per year.
Based on BLS state-level estimates · View source
In Bloomington, MN, the financial advisor hourly pay stands at a median of $50.45, slightly below the national average of $52.18. This rate offers a solid income for those practicing part-time, such as advisors working three days a week or in per-diem roles within various settings, including wirehouse branch offices, insurance agency offices, and RIA conference rooms. Newer financial advisors can expect to earn around $29.25 per hour while top earners can command $78.20 per hour. Such flexibility in hourly pay structures allows professionals to tailor their workload to personal circumstances and market opportunities.
About the Bloomington 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) | $29.25 | $234.04 |
| Lower Range (P25) | $36.32 | $290.56 |
| Median (P50) | $50.45 | $403.61 |
| Upper Range (P75) | $64.57 | $516.58 |
| Top Earners (P90) | $78.20 | $625.58 |
Estimated Annual Income by Work Schedule in Bloomington
Based on $50.45/hr median hourly rate · 2026 est.
At $50.45/hr, a financial advisor working full-time (40 hr/wk) in Bloomington, MN can expect to earn approximately $104,940 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,542. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Bloomington.
Hourly Rate Calculator
Schedule Comparison in Bloomington
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,018.07 | $8,745 | $104,940 |
| Part-Time (24 hrs) | $1,210.84 | $5,247 | $62,964 |
| Per Diem (16 hrs) | $807.23 | $3,498 | $41,976 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Bloomington) | $50.45 |
| 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 Bloomington, MN earn a median of $104,930 per year (2026 est.), which is 3.32% lower than the national median of $108,537 and 23.30% above the Minnesota state average of $85,101.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $50.45/hr = $62,964/year (purchasing power: $63,923).
Working 40h/week (full-time) = $104,940/year (purchasing power: $106,538).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.84/hr
2025 BLS Actual
$48.84/hr
2026 Current Est.
$50.45/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.84/hr | Actual |
| 2020 | $41.52/hr | Actual |
| 2021 | $43.77/hr | Actual |
| 2022 | $44.34/hr | Actual |
| 2023 | $46.29/hr | Actual |
| 2024 | $49.74/hr | Actual |
| 2025 | $48.84/hr | Actual |
| 2026(current) | $50.45/hr | Estimated |
| 2027 | $52.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Bloomington grew 19.6% from $40.84/hr (2019) to $48.84/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $52.12/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 Bloomington 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 Bloomington
Exploring the financial landscape in Bloomington reveals diverse earning potentials for part-time and per-diem financial advisors. Those working a typical 24-hour week may expect an annual income significantly lower than full-time advisors, yet the per-diem model remains less common at junior levels, with seasoned fiduciary advisors often charging substantial fees for project-based financial plans—ranging from $3,000 to $15,000 per plan. The type of employer can also affect hourly rates: wirehouses may offer lower hourly pay but enhance benefits via health insurance, while independent RIAs often present higher hourly rates at the expense of job security and perks. Negotiating hourly pay can also depend on the advisor's area of expertise, whether they focus on retirement plans for small businesses or wealth management for high-net-worth clients seeking tailored financial strategies. Understanding these dynamics can empower financial advisors in Bloomington to make informed career choices that fit their professional aspirations and lifestyle needs.
More salary data for Bloomington, MN:
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 Bloomington. 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 Bloomington 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