Financial Advisor Hourly Pay in Shakopee, MN: $39.63 (2026)
Quick Answer:Hourly pay for a financial advisor working in Shakopee, MN runs $39.63 at the median for 2026 — annualizing to $82,423 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Shakopee's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $40.23 nationally would. A 24-hour part-time schedule grosses $49,453 per year.
Based on BLS state-level estimates · View source
In Shakopee, Minnesota, financial advisors earn a median hourly pay of $39.63, which falls significantly below the national median of $52.18. This disparity may affect those considering part-time or per-diem roles in this field. For example, a financial advisor working three days a week at 24 hours total can expect to make a comfortable income, but it may not reach full-time status or the higher hourly rates seen in other regions. The hourly range in Shakopee varies widely, beginning at $22.98 for entry-level positions and potentially reaching upwards of $61.42 for top earners, all estimates derived from annual salary data. Typical settings for financial advisors include wirehouse branch offices, independent advisory firms, and client home visits, indicating a diverse work environment for those in this profession.
About the Shakopee 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) | $22.98 | $183.87 |
| Lower Range (P25) | $28.69 | $229.49 |
| Median (P50) | $39.63 | $317.01 |
| Upper Range (P75) | $50.72 | $405.76 |
| Top Earners (P90) | $61.42 | $491.38 |
Estimated Annual Income by Work Schedule in Shakopee
Based on $39.63/hr median hourly rate · 2026 est.
At $39.63/hr, a financial advisor working full-time (40 hr/wk) in Shakopee, MN can expect to earn approximately $82,422 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,551. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Shakopee.
Hourly Rate Calculator
Schedule Comparison in Shakopee
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,585.04 | $6,868 | $82,422 |
| Part-Time (24 hrs) | $951.02 | $4,121 | $49,453 |
| Per Diem (16 hrs) | $634.01 | $2,747 | $32,969 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Shakopee) | $39.63 |
| 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 Shakopee, MN earn a median of $82,423 per year (2026 est.), which is 24.06% lower than the national median of $108,537 and 3.10% below the Minnesota state average of $85,060.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $39.63/hr = $49,453/year (purchasing power: $50,206).
Working 40h/week (full-time) = $82,422/year (purchasing power: $83,677).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$32.07/hr
2025 BLS Actual
$38.36/hr
2026 Current Est.
$39.63/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Shakopee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $32.07/hr | Actual |
| 2020 | $32.61/hr | Actual |
| 2021 | $34.38/hr | Actual |
| 2022 | $34.83/hr | Actual |
| 2023 | $36.36/hr | Actual |
| 2024 | $49.54/hr | Actual |
| 2025 | $38.36/hr | Actual |
| 2026(current) | $39.63/hr | Estimated |
| 2027 | $40.93/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Shakopee grew 19.6% from $32.07/hr (2019) to $38.36/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $40.93/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 Shakopee 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 Shakopee
The earning potential for part-time financial advisors shows that working 24 hours a week translates to an annual income of approximately $49,838, significantly lower than full-time compensation but still viable for those seeking flexibility. Many per-diem financial advisors also engage in project-based consulting, charging anywhere from $3,000 to $15,000 per plan for comprehensive financial services, adding to variability in income. In Shakopee, hourly rates may differ based on employer types; those in wirehouses often receive lower pay but have benefits, whereas independent RIAs and freelance advisors might enjoy higher hourly compensation without health coverage. Negotiating effectively is key for hourly workers, and advisors should consider both pay and benefits when evaluating job opportunities. By understanding the nuances of the financial advisor hourly pay landscape in Shakopee, professionals can make informed career choices that align with their financial and lifestyle goals.
More salary data for Shakopee, 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 Shakopee. 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 Shakopee 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