Financial Advisor Hourly Pay in Cleveland, OH: $40.30 (2026)
Quick Answer:Hourly pay for a financial advisor working in Cleveland, OH runs $40.30 at the median for 2026 — annualizing to $83,807 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Cleveland's regional price level (BEA RPP 93.9, 6% below national), each hour of work buys what $42.90 nationally would. A 24-hour part-time schedule grosses $50,291 per year.
Official BLS data · View source
In Cleveland, Ohio, the financial advisor hourly pay stands at a median of $40.30. This rate, while competitive locally, is notably lower than the national median hourly rate of $52.18. For part-time advisors working around three days per week, the flexibility of gig or per-diem work can be appealing, especially in diverse settings such as wirehouses, RIAs, and client home visits. The hourly pay range reflects a wide spectrum, starting at $23.68 for entry-level positions and reaching as high as $111.13 for top earners. The robust settings for financial advisors in Cleveland provide ample opportunities for advisors seeking part-time roles or project-based engagements while allowing for a dynamic work-life balance.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.68 | $189.41 |
| Lower Range (P25) | $30.15 | $241.23 |
| Median (P50) | $40.30 | $322.38 |
| Upper Range (P75) | $79.09 | $632.69 |
| Top Earners (P90) | $111.13 | $889.04 |
Estimated Annual Income by Work Schedule in Cleveland
Based on $40.30/hr median hourly rate · 2026 est.
At $40.30/hr, a financial advisor working full-time (40 hr/wk) in Cleveland, OH can expect to earn approximately $83,818 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $48,357. With a cost-of-living index of 93.92 (below the national average), these earnings stretch further in Cleveland.
Hourly Rate Calculator
Schedule Comparison in Cleveland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,611.89 | $6,985 | $83,818 |
| Part-Time (24 hrs) | $967.14 | $4,191 | $50,291 |
| Per Diem (16 hrs) | $644.76 | $2,794 | $33,527 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Cleveland) | $40.30 |
| 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 Cleveland, OH earn a median of $83,807 per year (2026 est.), which is 22.78% lower than the national median of $108,537 and 2.10% below the Ohio state average of $85,605.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $40.30/hr = $50,291/year (purchasing power: $53,545).
Working 40h/week (full-time) = $83,818/year (purchasing power: $89,242).
CoL index: 93.923 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$29.56/hr
2025 BLS Actual
$39.01/hr
2026 Current Est.
$40.30/hr
2019–2027 Growth
+40.8%
Hourly Rate Trajectory for Financial Advisors in Cleveland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $29.56/hr | Actual |
| 2020 | $37.19/hr | Actual |
| 2021 | $47.76/hr | Actual |
| 2022 | $39.12/hr | Actual |
| 2023 | $45.47/hr | Actual |
| 2024 | $46.53/hr | Actual |
| 2025 | $39.01/hr | Actual |
| 2026(current) | $40.30/hr | Estimated |
| 2027 | $41.63/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Cleveland grew 32.0% from $29.56/hr (2019) to $39.01/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.63/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 Cleveland 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 Cleveland
Examining the financial implications of part-time work, a financial advisor in Cleveland, working three days a week for a total of 24 hours, could expect to earn approximately $48,000 annually. This figure contrasts significantly with full-time earnings, making part-time roles a viable option for those seeking flexibility without sacrificing overall career advancement. For experienced financial professionals, per-diem or contract work is less common but can yield substantial compensation. Advisors may charge between $3,000 and $15,000 for comprehensive financial plans, while consulting for retirement plans might garner $5,000 to $25,000 in annual retainers from small businesses. Hourly rates differ across employer types, with wirehouses typically offering structured pay, while RIAs may present opportunities for higher earnings through AUM-based models. Many financial advisors may consider the trade-off between a lower hourly rate with benefits and a higher rate without insurance. For those navigating this job market, developing negotiation skills could lead to better financial advisor hourly rates in Cleveland, OH.
More salary data for Cleveland, OH:
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 Cleveland. 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