Financial Advisor Hourly Pay in Chaska, MN: $40.43 (2026)
Quick Answer:Hourly pay for a financial advisor working in Chaska, MN runs $40.43 at the median for 2026 — annualizing to $84,101 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Chaska's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $41.05 nationally would. A 24-hour part-time schedule grosses $50,459 per year.
Based on BLS state-level estimates · View source
In Chaska, Minnesota, the financial advisor hourly pay stands at a median of $40.43 per hour, notably lower than the national median of $52.18 per hour. This disparity reflects local market dynamics and cost of living considerations, with the area's cost of living index at 98.5. For part-time financial advisors working three days a week, this hourly rate can be advantageous, allowing them to balance work and personal commitments. Entry-level positions typically start around $23.45 per hour, while experienced advisors in top-performing roles can command up to $62.67 per hour. The hourly rates are estimated from annual salary projections based on data from 2025 BLS estimates, allowing for a flexible approach to work settings such as wirehouse branch offices, remote client meetings, and insurance agencies, accommodating various client bases.
About the Chaska 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) | $23.45 | $187.59 |
| Lower Range (P25) | $29.11 | $232.88 |
| Median (P50) | $40.43 | $323.45 |
| Upper Range (P75) | $51.75 | $414.03 |
| Top Earners (P90) | $62.67 | $501.38 |
Estimated Annual Income by Work Schedule in Chaska
Based on $40.43/hr median hourly rate · 2026 est.
At $40.43/hr, a financial advisor working full-time (40 hr/wk) in Chaska, MN can expect to earn approximately $84,098 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $48,518. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Chaska.
Hourly Rate Calculator
Schedule Comparison in Chaska
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,617.26 | $7,008 | $84,098 |
| Part-Time (24 hrs) | $970.36 | $4,205 | $50,459 |
| Per Diem (16 hrs) | $646.91 | $2,803 | $33,639 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Chaska) | $40.43 |
| 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 Chaska, MN earn a median of $84,101 per year (2026 est.), which is 22.51% lower than the national median of $108,537 and 1.20% below the Minnesota state average of $85,122.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $40.43/hr = $50,459/year (purchasing power: $51,227).
Working 40h/week (full-time) = $84,098/year (purchasing power: $85,378).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$32.73/hr
2025 BLS Actual
$39.14/hr
2026 Current Est.
$40.43/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Chaska (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $32.73/hr | Actual |
| 2020 | $33.28/hr | Actual |
| 2021 | $35.08/hr | Actual |
| 2022 | $35.53/hr | Actual |
| 2023 | $37.09/hr | Actual |
| 2024 | $50.54/hr | Actual |
| 2025 | $39.14/hr | Actual |
| 2026(current) | $40.43/hr | Estimated |
| 2027 | $41.77/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Chaska grew 19.6% from $32.73/hr (2019) to $39.14/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.77/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 Chaska 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 Chaska
Understanding the income potential for part-time financial advisors is crucial, especially considering a 24-hour weekly schedule. Part-time advisors can expect a comfortable annual income, significantly less than that of their full-time counterparts, yet still competitive for a flexible work arrangement. Per-diem financial advisors in Chaska generally don’t start at junior levels, focusing instead on more experienced professionals who may charge $3,000-$15,000 for project-based financial planning. Employers such as wirehouses or RIAs may offer varying hourly pay rates, with some advisors forgoing higher pay in exchange for benefits like health insurance. This trade-off can influence decision-making, particularly among those navigating the employment models of commission-based versus fee-only structures. When negotiating hourly rates, candidates should highlight their qualifications and experience, especially if they hold credentials like the CFP, which may enhance their bargaining power in the competitive MN market.
More salary data for Chaska, MN:
Frequently Asked Questions
What is the hourly rate for financial advisors in Chaska in 2026?
How much do part-time financial advisors make in Chaska?
Are financial advisors in Chaska paid hourly or salary?
How much does a full-time financial advisor make per year in Chaska?
Do financial advisors earn more per hour working part-time in Chaska?
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 Chaska. 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 Chaska 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