Financial Advisor Hourly Pay in Cleveland, TN: $21.80 (2026)
Quick Answer:Hourly pay for a financial advisor working in Cleveland, TN runs $21.80 at the median for 2026 — annualizing to $45,328 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 88.1, 12% below national), each hour of work buys what $24.75 nationally would. A 24-hour part-time schedule grosses $27,202 per year.
Official BLS data · View source
In 2026, financial advisors in Cleveland, TN, earn a median hourly pay of $21.80, significantly lower than the national median hourly rate of $52.18. This disparity highlights the local economic conditions that shape earning potential. Advisors working part-time, such as three days a week, will perceive a different financial reality compared to full-time peers; they can earn a comparable income but with reduced benefits. The hourly compensation can fluctuate widely, from $19.04 for entry-level positions to $107.46 for top earners who have honed their expertise and client base. These financial advisors typically operate in diverse environments, including wirehouse branch offices, insurance agency offices, and remote spaces for virtual consultations, allowing flexibility in their scheduling and work arrangements.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.04 | $152.31 |
| Lower Range (P25) | $21.80 | $174.37 |
| Median (P50) | $21.80 | $174.37 |
| Upper Range (P75) | $49.07 | $392.54 |
| Top Earners (P90) | $107.46 | $859.70 |
Estimated Annual Income by Work Schedule in Cleveland
Based on $21.80/hr median hourly rate · 2026 est.
At $21.80/hr, a financial advisor working full-time (40 hr/wk) in Cleveland, TN can expect to earn approximately $45,336 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $26,156. With a cost-of-living index of 88.08 (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) | $871.85 | $3,778 | $45,336 |
| Part-Time (24 hrs) | $523.11 | $2,267 | $27,202 |
| Per Diem (16 hrs) | $348.74 | $1,511 | $18,135 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Cleveland) | $21.80 |
| 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, TN earn a median of $45,328 per year (2026 est.), which is 58.24% lower than the national median of $108,537 and 42.90% below the Tennessee state average of $79,384.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $21.80/hr = $27,202/year (purchasing power: $30,883).
Working 40h/week (full-time) = $45,336/year (purchasing power: $51,472).
CoL index: 88.08 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$17.64/hr
2025 BLS Actual
$21.10/hr
2026 Current Est.
$21.80/hr
2019–2027 Growth
+27.6%
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 | $17.64/hr | Actual |
| 2020 | $17.94/hr | Actual |
| 2021 | $18.91/hr | Actual |
| 2022 | $19.16/hr | Actual |
| 2023 | $20.00/hr | Actual |
| 2024 | $39.66/hr | Actual |
| 2025 | $21.10/hr | Actual |
| 2026(current) | $21.80/hr | Estimated |
| 2027 | $22.52/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Cleveland grew 19.6% from $17.64/hr (2019) to $21.10/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $22.52/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
The potential earnings for a part-time financial advisor working 24 hours per week in Cleveland can lead to an annual income of around $26,976, which, while lower than the full-time equivalent, still provides a viable income path. Per-diem roles are less common at the junior level; however, seasoned professionals may find lucrative opportunities with project-based fees, charging between $3,000 and $15,000 for comprehensive financial plans. Hourly rates differ significantly across various employer types in Cleveland; wirehouses often provide competitive pay but may lack the independence found at RIAs. Advisors may choose lower hourly rates in exchange for benefits like health insurance, which can affect their total compensation. When negotiating pay, it's crucial for advisors to articulate their value proposition clearly, especially in a market that values fiduciary responsibility and comprehensive planning over sales-oriented roles. Understanding the distinct structures of wirehouses versus RIAs can inform strategy in compensation discussions.
More salary data for Cleveland, TN:
Frequently Asked Questions
What is the hourly rate for financial advisors in Cleveland in 2026?
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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, 2-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