Financial Advisor Hourly Pay in Elyria, OH: $39.77 (2026)
Quick Answer:Hourly pay for a financial advisor working in Elyria, OH runs $39.77 at the median for 2026 — annualizing to $82,731 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Elyria's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $43.85 nationally would. A 24-hour part-time schedule grosses $49,634 per year.
Based on BLS state-level estimates · View source
In Elyria, Ohio, financial advisors can expect an hourly median pay of $39.77, which falls significantly below the national hourly median of $52.18. For professionals working part-time, such as those operating three days a week, this hourly rate translates to a take-home amount that reflects a balance between work-life flexibility and income generation. Within Elyria, the hourly range varies widely, from $23.07 for entry-level positions to $61.65 for top earners. Typical work settings for financial advisors often include wirehouse branch offices, insurance agency offices, or clients’ homes, as well as virtual meeting environments, enabling flexibility and multiple avenues for generating income. This hourly rate is derived from projected annual salary data, giving a comprehensive picture of the potential financial standing one can achieve in this role.
About the Elyria Market
Salary estimated from Ohio average ($95,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.07 | $184.54 |
| Lower Range (P25) | $28.63 | $229.08 |
| Median (P50) | $39.77 | $318.16 |
| Upper Range (P75) | $50.92 | $407.33 |
| Top Earners (P90) | $61.65 | $493.20 |
Estimated Annual Income by Work Schedule in Elyria
Based on $39.77/hr median hourly rate · 2026 est.
At $39.77/hr, a financial advisor working full-time (40 hr/wk) in Elyria, OH can expect to earn approximately $82,723 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,725. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Elyria.
Hourly Rate Calculator
Schedule Comparison in Elyria
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,590.82 | $6,894 | $82,723 |
| Part-Time (24 hrs) | $954.49 | $4,136 | $49,634 |
| Per Diem (16 hrs) | $636.33 | $2,757 | $33,089 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Elyria) | $39.77 |
| 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 Elyria, OH earn a median of $82,731 per year (2026 est.), which is 23.78% lower than the national median of $108,537 and 3.40% below the Ohio state average of $85,643.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $39.77/hr = $49,634/year (purchasing power: $54,723).
Working 40h/week (full-time) = $82,723/year (purchasing power: $91,205).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$32.19/hr
2025 BLS Actual
$38.50/hr
2026 Current Est.
$39.77/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Elyria (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $32.19/hr | Actual |
| 2020 | $32.73/hr | Actual |
| 2021 | $34.51/hr | Actual |
| 2022 | $34.95/hr | Actual |
| 2023 | $36.49/hr | Actual |
| 2024 | $40.03/hr | Actual |
| 2025 | $38.50/hr | Actual |
| 2026(current) | $39.77/hr | Estimated |
| 2027 | $41.08/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Elyria grew 19.6% from $32.19/hr (2019) to $38.50/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.08/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 Elyria 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 Elyria
When it comes to part-time earning potential in Elyria, a financial advisor working just 24 hours a week can still maintain a healthy income, depending on the employer. Unlike full-time advisors, those in part-time or per-diem roles may find that opportunities for significant financial engagements, such as project-based financial planning, usually require greater experience. For seasoned fiduciaries, charging anywhere from $3,000 to $15,000 for comprehensive plans is common, reflecting the advisory fees for clients who require specialized service. The nature of the employer also impacts pay; advisors in wirehouses might see different compensation compared to those in independent broker-dealers or RIAs. While health benefits and job security often accompany traditional positions, the trade-off might lead a financial advisor to accept a lower hourly rate for stability. Therefore, understanding the negotiation landscape is crucial for those in the field, particularly for part-time advisors seeking to balance their financial goals with their professional flexibility.
More salary data for Elyria, 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 Elyria. 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 Elyria 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