Financial Advisor Salary in Palm Bay, FL: $99,699 (2026)
Quick Answer:A full-time financial advisor in Palm Bay, FL earns a median $99,699/year (≈ $47.93/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Palm Bay's price level (1% above national, BEA RPP 100.8), that paycheck buys what $98,908 would nationally. Nominal pay sits 0.4% above the Florida state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Palm Bay, Florida, can expect a median annual salary of $99,699, which is notably lower than the national median of $108,537. The salary range here is significant, with entry-level positions starting at approximately $57,825, while more experienced advisors can earn up to $154,534. This disparity reflects the bifurcation of the industry, as the pay structures differ widely between commission-based wirehouse models and fee-only fiduciary structures commonly employed by RIAs. The estimated salary figures derive from 2025 BLS data, adjusted for local cost variations. As the demand for financial advice continues to grow, particularly among high-net-worth clients, the competitive nature of compensation in Palm Bay highlights the need for specialized skills and credentials, such as the CFP designation.
About the Palm Bay Market
Salary estimated from Florida average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $57,825 | $27.80 |
| Lower Range (P25) | $71,783 | $34.51 |
| Median (P50)(typical) | $99,699 | $47.93 |
| Upper Range (P75) | $127,615 | $61.35 |
| Top Earners (P90) | $154,534 | $74.29 |
Median Salary Position
8.14% below the national average
2026 Salary Percentile Distribution in Palm Bay
In Palm Bay, FL, the financial advisor salary spread from the 10th to 90th percentile is $96,709 (2026 est.). At $99,699, the local median is 8.14% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Palm Bay: You'd be in the lower-middle range
How Palm Bay Financial Advisor Pay Compares
Palm Bay median: $99,699/year (2026)
| Compared To | Median Salary | Palm Bay Pays |
|---|---|---|
| Florida Average | $99,302 | +0.40% more |
| National Average | $108,537 | -8.14% less |
Financial Advisors in Palm Bay, FL earn a median of $99,699 per year (2026 est.), which is 8.14% lower than the national median of $108,537 and 0.40% above the Florida state average of $99,302.
Cost-of-Living Adjusted Salary
Palm Bay has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Palm Bay, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $99,699 is competitive, the higher cost of living reduces purchasing power to an effective $98,908 — a 0.79% reduction.
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2019 BLS Actual
$80,696
2025 BLS Actual
$96,514
2026 Current Est.
$99,699
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Palm Bay (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $80,696 | Actual |
| 2020 | $82,056 | Actual |
| 2021 | $49,900 | Actual |
| 2022 | $52,050 | Actual |
| 2023 | $56,220 | Actual |
| 2024 | $74,680 | Actual |
| 2025 | $96,514 | Actual |
| 2026(current) | $99,699 | Estimated |
| 2027 | $102,989 | Projected |
Based on 7 years of BLS OEWS data for the Palm Bay metropolitan area, the median financial advisor salary grew 19.6% from $80,696 (2019) to $96,514 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $102,989 by 2027 — a total increase of $22,293 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Palm Bay 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $57,825 – $71,783 |
| 3-5 years (Mid Career) | $71,783 – $99,699 |
| 5+ years (Experienced) | $99,699 – $127,615 |
| 10+ years (Top Earner) | $127,615 – $154,534 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Palm Bay
Palm Bay's financial advisory job market currently employs 29 professionals, illustrating a modest but stable demand for financial services in the area. The cost-of-living index stands slightly above the national average at 100.8, which influences take-home pay and purchasing power for advisors. Among the various employers, wirehouses like Morgan Stanley and Merrill Lynch typically offer the most lucrative opportunities, but independent broker-dealers and RIAs provide competitive salaries with a more favorable work-life balance. The disparity in compensation often hinges on factors like the advisor's assets under management, client base, and fee model, with wirehouses relying on commission structures versus the AUM fees seen at RIAs. To maximize earning potential in Palm Bay, professionals should focus on building a high-value client portfolio, obtaining relevant certifications, and considering fee-only advisory models that can offer long-term financial rewards.
More salary data for Palm Bay, FL:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $96,514 for financial advisorsin the Palm Bay metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Palm Bay 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