Financial Advisor Salary in Algonquin, IL: $112,651 (2026)
Quick Answer:A full-time financial advisor in Algonquin, IL earns a median $112,651/year (≈ $54.16/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Algonquin's price level (3% below national, BEA RPP 97.1), that paycheck buys what $116,015 would nationally. Nominal pay sits 3.0% below the Illinois state average.
Based on BLS state-level estimates · View source
In Algonquin, Illinois, financial advisors can expect a median salary of $112,651 in 2026, surpassing the national average of $108,537 by approximately 3.79%. Salaries for this role range from a lower threshold of $65,337 at the 10th percentile to as high as $174,609 at the 90th percentile. This region's salary figures stem from BLS state-level data and adjusted regional cost estimates, reflecting the unique financial services landscape in Algonquin. The dynamic is particularly shaped by the structural divide between traditional wirehouses and independent Registered Investment Advisors (RIAs), where the asset under management (AUM) model often sets the pace for compensation decisions.
About the Algonquin Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $65,337 | $31.41 |
| Lower Range (P25) | $81,806 | $39.33 |
| Median (P50)(typical) | $112,651 | $54.16 |
| Upper Range (P75) | $144,193 | $69.32 |
| Top Earners (P90) | $174,609 | $83.94 |
Median Salary Position
3.79% above the national average
2026 Salary Percentile Distribution in Algonquin
In Algonquin, IL, the financial advisor salary spread from the 10th to 90th percentile is $109,272 (2026 est.). At $112,651, the local median is 3.79% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Algonquin: You'd be in the lower-middle range
How Algonquin Financial Advisor Pay Compares
Algonquin median: $112,651/year (2026)
| Compared To | Median Salary | Algonquin Pays |
|---|---|---|
| Illinois Average | $116,135 | -3.00% less |
| National Average | $108,537 | +3.79% more |
Financial Advisors in Algonquin, IL earn a median of $112,651 per year (2026 est.), which is 3.79% higher than the national median of $108,537 and 3.00% below the Illinois state average of $116,135.
Cost-of-Living Adjusted Salary
Algonquin has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Algonquin, IL has a cost-of-living index of 97.1 (below the national average of 100). A financial advisor earning $112,651 nominally has purchasing power equivalent to $116,015 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$91,179
2025 BLS Actual
$109,052
2026 Current Est.
$112,651
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Algonquin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $91,179 | Actual |
| 2020 | $92,715 | Actual |
| 2021 | $97,739 | Actual |
| 2022 | $99,005 | Actual |
| 2023 | $103,354 | Actual |
| 2024 | $108,363 | Actual |
| 2025 | $109,052 | Actual |
| 2026(current) | $112,651 | Estimated |
| 2027 | $116,368 | Projected |
Based on 7 years of BLS OEWS data for the Algonquin metropolitan area, the median financial advisor salary grew 19.6% from $91,179 (2019) to $109,052 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $116,368 by 2027 — a total increase of $25,189 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Algonquin 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) | $65,337 – $81,806 |
| 3-5 years (Mid Career) | $81,806 – $112,651 |
| 5+ years (Experienced) | $112,651 – $144,193 |
| 10+ years (Top Earner) | $144,193 – $174,609 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Algonquin
The local job market for financial advisors in Algonquin is relatively modest, with only five advisors currently employed in the area. A cost-of-living index of 97.1 indicates affordability that could enhance take-home purchasing power compared to more expensive markets. Wirehouses like Morgan Stanley and Merril Lynch tend to offer higher compensation compared to independent firms, but the commission-based models they utilize can yield variability in earnings tied to performance. Factors such as book size, clientele consisting of high-net-worth individuals, and specialized credentials like the CFP can widen salary discrepancies. For those looking to boost their financial advisor pay in Algonquin, focusing on building a strong client base and considering a transition to a fee-only RIA model could potentially offer more stability and higher compensation opportunities in this evolving industry.
More salary data for Algonquin, IL:
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 $109,052 for financial advisorsin the Algonquin 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 Algonquin 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