Financial Advisor Hourly Pay in Minneapolis, MN: $51.35 (2026)
Quick Answer:Hourly pay for a financial advisor working in Minneapolis, MN runs $51.35 at the median for 2026 — annualizing to $106,823 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Minneapolis's regional price level (BEA RPP 104.8, 5% above national), each hour of work buys what $48.99 nationally would. A 24-hour part-time schedule grosses $64,085 per year.
Official BLS data · View source
In Minneapolis, MN, financial advisors earn a median hourly rate of $51.35, which is slightly below the national hourly median of $52.18. This hourly figure creates a viable income stream for advisors who may work part-time, such as those pursuing 24-hour work weeks over three days. In this profession, typical settings include wirehouse branch offices, insurance agency offices, and client meetings that take place in both home and office locations, as well as virtual platforms. The hourly pay range in Minneapolis varies significantly, with entry-level positions starting at approximately $23.60 and experienced professionals earning upwards of $158.13 per hour, reflecting the wide salary spectrum within the field based on experience and type of employment.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.60 | $188.83 |
| Lower Range (P25) | $37.66 | $301.31 |
| Median (P50) | $51.35 | $410.80 |
| Upper Range (P75) | $83.30 | $666.41 |
| Top Earners (P90) | $158.13 | $1265.05 |
Estimated Annual Income by Work Schedule in Minneapolis
Based on $51.35/hr median hourly rate · 2026 est.
At $51.35/hr, a financial advisor working full-time (40 hr/wk) in Minneapolis, MN can expect to earn approximately $106,809 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $61,621. With a cost-of-living index of 104.82 (above the national average), these earnings may be offset by higher expenses in Minneapolis.
Hourly Rate Calculator
Schedule Comparison in Minneapolis
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,054.02 | $8,901 | $106,809 |
| Part-Time (24 hrs) | $1,232.41 | $5,340 | $64,085 |
| Per Diem (16 hrs) | $821.61 | $3,560 | $42,724 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Minneapolis) | $51.35 |
| 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 Minneapolis, MN earn a median of $106,823 per year (2026 est.), which is 1.58% lower than the national median of $108,537 and 25.50% above the Minnesota state average of $85,118.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $51.35/hr = $64,085/year (purchasing power: $61,137).
Working 40h/week (full-time) = $106,809/year (purchasing power: $101,895).
CoL index: 104.822 (100 = national average).
2019 BLS Actual
$39.89/hr
2025 BLS Actual
$49.71/hr
2026 Current Est.
$51.35/hr
2019–2027 Growth
+33.0%
Hourly Rate Trajectory for Financial Advisors in Minneapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $39.89/hr | Actual |
| 2020 | $50.28/hr | Actual |
| 2021 | $38.80/hr | Actual |
| 2022 | $43.24/hr | Actual |
| 2023 | $48.59/hr | Actual |
| 2024 | $47.63/hr | Actual |
| 2025 | $49.71/hr | Actual |
| 2026(current) | $51.35/hr | Estimated |
| 2027 | $53.04/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Minneapolis grew 24.6% from $39.89/hr (2019) to $49.71/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $53.04/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 Minneapolis 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 Minneapolis
When considering the financial advisor hourly pay in Minneapolis, many professionals find themselves weighing their options between full-time employment and part-time, per-diem opportunities. A part-time advisor working three days a week could expect to take home around $40,139 annually, certainly more than the $31,272 a full-time assistant might earn, but with far different engagement levels. While per-diem financial advisor pay in Minneapolis is not common for junior roles, experienced fiduciaries can charge between $3,000 and $15,000 for comprehensive project engagement. Hourly rates may differ vastly depending on the employer type, with wirehouses paying more for structured positions compared to independent broker-dealers and RIAs which might emphasize flexibility and lower hourly yet offer opportunities for higher asset management fees. Often, advisors may take lower hourly rates in favor of health benefits, demonstrating a trade-off in compensation structures unique to their employer's model. For those negotiating pay, it's wise to consider the total compensation package, including benefits, job stability, and market demand for specialized expertise.
More salary data for Minneapolis, 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 Minneapolis. 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