Financial Advisor Hourly Pay in Shaker Heights, OH: $39.70 (2026)
Quick Answer:Hourly pay for a financial advisor working in Shaker Heights, OH runs $39.70 at the median for 2026 — annualizing to $82,564 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Shaker Heights's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $43.77 nationally would. A 24-hour part-time schedule grosses $49,543 per year.
Based on BLS state-level estimates · View source
In Shaker Heights, Ohio, financial advisors earn a median hourly rate of $39.70, which is notably lower than the national median hourly figure of $52.18. This difference reflects the local market dynamics and potentially influences the work arrangements available, particularly for part-time advisors working three days a week. In practical terms, those in this field will likely operate from traditional settings like wirehouse branch offices or RIA conference rooms, but remote meetings are increasingly common, especially for high-net-worth planning sessions. For entry-level advisors, hourly pay can start at approximately $23.03, while experienced professionals can command up to $61.53 per hour, providing a wide range for earnings based on experience and employer type.
About the Shaker Heights 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) | $23.03 | $184.20 |
| Lower Range (P25) | $28.58 | $228.66 |
| Median (P50) | $39.70 | $317.59 |
| Upper Range (P75) | $50.81 | $406.51 |
| Top Earners (P90) | $61.53 | $492.20 |
Estimated Annual Income by Work Schedule in Shaker Heights
Based on $39.70/hr median hourly rate · 2026 est.
At $39.70/hr, a financial advisor working full-time (40 hr/wk) in Shaker Heights, OH can expect to earn approximately $82,572 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,638. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Shaker Heights.
Hourly Rate Calculator
Schedule Comparison in Shaker Heights
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,587.93 | $6,881 | $82,572 |
| Part-Time (24 hrs) | $952.76 | $4,129 | $49,543 |
| Per Diem (16 hrs) | $635.17 | $2,752 | $33,029 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Shaker Heights) | $39.70 |
| 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 Shaker Heights, OH earn a median of $82,564 per year (2026 est.), which is 23.93% lower than the national median of $108,537 and 3.60% below the Ohio state average of $85,647.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $39.70/hr = $49,543/year (purchasing power: $54,623).
Working 40h/week (full-time) = $82,572/year (purchasing power: $91,039).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$32.13/hr
2025 BLS Actual
$38.43/hr
2026 Current Est.
$39.70/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Shaker Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $32.13/hr | Actual |
| 2020 | $32.67/hr | Actual |
| 2021 | $34.44/hr | Actual |
| 2022 | $34.89/hr | Actual |
| 2023 | $36.42/hr | Actual |
| 2024 | $39.94/hr | Actual |
| 2025 | $38.43/hr | Actual |
| 2026(current) | $39.70/hr | Estimated |
| 2027 | $41.01/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Shaker Heights grew 19.6% from $32.13/hr (2019) to $38.43/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $41.01/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 Shaker Heights 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 Shaker Heights
Exploring part-time opportunities reveals unique earning potential. A financial advisor working 24 hours over three days each week would gross around $49,824 annually at the median hourly rate. In contrast, full-time advisors might exceed this depending on their hours and clientele. The per-diem financial advisor pay in Shaker Heights can vary significantly based on service offered and client engagement frequency; while junior roles might be reluctant to delve into per-diem work, seasoned fiduciaries often charge $3,000 to $15,000 for comprehensive financial plans. Different employer types also affect how hourly rates play out; for example, wirehouses, independent broker-dealers, and RIAs can present diverse compensation frameworks and additional benefits or insurance. Advisors may find themselves negotiating for a balance between higher pay rates and valuable benefits, all while being mindful of Shaker Heights' job market characteristics in wealth management.
More salary data for Shaker Heights, 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 Shaker Heights. 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 Shaker Heights 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