Financial Advisor Hourly Pay in Duluth, MN: $39.97 (2026)
Quick Answer:Hourly pay for a financial advisor working in Duluth, MN runs $39.97 at the median for 2026 — annualizing to $83,136 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Duluth's regional price level (BEA RPP 88.8, 11% below national), each hour of work buys what $45.02 nationally would. A 24-hour part-time schedule grosses $49,879 per year.
Official BLS data · View source
In Duluth, Minnesota, the financial advisor hourly pay is projected at $39.97 for 2026, which falls significantly below the national median of $52.18. This difference can impact part-time and per-diem workers who often operate within settings like wirehouse branch offices, insurance agency locales, or during client meetings in their homes. With entry-level positions starting around $21.67 and experienced advisors reaching up to $161.92 per hour, the range reflects the varying levels of expertise and specialization within the field. Given that this data is derived from official Bureau of Labor Statistics reports, potential financial advisors considering positional options in Duluth can make informed decisions based on accurate and credible financial benchmarks.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $21.67 | $173.38 |
| Lower Range (P25) | $31.14 | $249.16 |
| Median (P50) | $39.97 | $319.73 |
| Upper Range (P75) | $77.02 | $616.16 |
| Top Earners (P90) | $161.92 | $1295.38 |
Estimated Annual Income by Work Schedule in Duluth
Based on $39.97/hr median hourly rate · 2026 est.
At $39.97/hr, a financial advisor working full-time (40 hr/wk) in Duluth, MN can expect to earn approximately $83,131 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,960. With a cost-of-living index of 88.77 (below the national average), these earnings stretch further in Duluth.
Hourly Rate Calculator
Schedule Comparison in Duluth
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,598.67 | $6,928 | $83,131 |
| Part-Time (24 hrs) | $959.20 | $4,157 | $49,879 |
| Per Diem (16 hrs) | $639.47 | $2,771 | $33,252 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Duluth) | $39.97 |
| 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 Duluth, MN earn a median of $83,136 per year (2026 est.), which is 23.40% lower than the national median of $108,537 and 2.30% below the Minnesota state average of $85,093.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $39.97/hr = $49,879/year (purchasing power: $56,190).
Working 40h/week (full-time) = $83,131/year (purchasing power: $93,650).
CoL index: 88.768 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.49/hr
2025 BLS Actual
$38.69/hr
2026 Current Est.
$39.97/hr
2019–2027 Growth
+2.0%
Hourly Rate Trajectory for Financial Advisors in Duluth (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.49/hr | Actual |
| 2020 | $44.16/hr | Actual |
| 2021 | $36.86/hr | Actual |
| 2022 | $38.84/hr | Actual |
| 2023 | $38.33/hr | Actual |
| 2024 | $38.65/hr | Actual |
| 2025 | $38.69/hr | Actual |
| 2026(current) | $39.97/hr | Estimated |
| 2027 | $41.29/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Duluth grew -4.4% from $40.49/hr (2019) to $38.69/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.29/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 Duluth 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 Duluth
For part-time financial advisors working three days a week and averaging 24 hours, their annual take-home can be significantly lower compared to full-time professionals. This pathway may yield about $46,000 annually, which, while manageable, pales in comparison to full-time earnings. Per-diem arrangements in Duluth are less common for juniors, yet established fiduciaries who create project-oriented financial plans can command fees between $3,000 and $15,000 per plan. Pay rates differ widely across employer types, with wirehouses typically offering lower compensation due to higher benefits, while independent broker-dealers and RIAs commonly provide elevated pay but with less comprehensive perks. This trade-off underscores the importance for advisors to effectively negotiate their hourly rates and ensure they align with their long-term career objectives in the evolving financial landscape of MN.
More salary data for Duluth, 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 Duluth. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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