Financial Advisor Salary in Bloomington, IL: $145,725 (2026)
Quick Answer:A full-time financial advisor in Bloomington, IL earns a median $145,725/year (≈ $70.06/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Bloomington's price level (6% below national, BEA RPP 93.5), that paycheck buys what $155,794 would nationally. Nominal pay sits 25.5% above the Illinois state average.
Official BLS data · View source
In Bloomington, Illinois, the financial advisor market is positioned strongly, with a median annual salary of $145,725, significantly surpassing the national median of $108,537 by 34.26%. This variance is reflective of the unique compensation dynamics within the local industry, where wirehouse firms and Registered Investment Advisors (RIAs) operate under different paradigms. Financial advisors' pay in this market ranges from a lower bracket of $60,358 to an upper echelon of $358,399. The reliance on an assets under management (AUM) fee model at RIAs typically results in higher earning potential compared to the commission structures found at wirehouses. The salary data presented here is based on 2025 BLS OEWS data, projected to 2026, offering insight into the competitive landscape of financial advisor careers in Bloomington.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $60,358 | $29.02 |
| Lower Range (P25) | $86,607 | $41.64 |
| Median (P50)(typical) | $145,725 | $70.06 |
| Upper Range (P75) | $229,564 | $110.37 |
| Top Earners (P90) | $358,399 | $172.31 |
Median Salary Position
34.26% above the national average
2026 Salary Percentile Distribution in Bloomington
In Bloomington, IL, the financial advisor salary spread from the 10th to 90th percentile is $298,041 (2026 est.). At $145,725, the local median is 34.26% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Bloomington: You'd be in the lower-middle range
How Bloomington Financial Advisor Pay Compares
Bloomington median: $145,725/year (2026)
| Compared To | Median Salary | Bloomington Pays |
|---|---|---|
| Illinois Average | $116,116 | +25.50% more |
| National Average | $108,537 | +34.26% more |
Financial Advisors in Bloomington, IL earn a median of $145,725 per year (2026 est.), which is 34.26% higher than the national median of $108,537 and 25.50% above the Illinois state average of $116,116.
Cost-of-Living Adjusted Salary
Bloomington has a cost of living 6.46% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomington, IL has a cost-of-living index of 93.537 (below the national average of 100). A financial advisor earning $145,725 nominally has purchasing power equivalent to $155,794 in an average-cost city — an effective 6.91% boost.
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2019 BLS Actual
$117,950
2025 BLS Actual
$141,070
2026 Current Est.
$145,725
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,950 | Actual |
| 2020 | $76,360 | Actual |
| 2021 | $61,260 | Actual |
| 2022 | $78,550 | Actual |
| 2023 | $90,820 | Actual |
| 2024 | $101,650 | Actual |
| 2025 | $141,070 | Actual |
| 2026(current) | $145,725 | Estimated |
| 2027 | $150,534 | Projected |
Based on 7 years of BLS OEWS data for the Bloomington metropolitan area, the median financial advisor salary grew 19.6% from $117,950 (2019) to $141,070 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $150,534 by 2027 — a total increase of $32,584 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomington 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) | $60,358 – $86,607 |
| 3-5 years (Mid Career) | $86,607 – $145,725 |
| 5+ years (Experienced) | $145,725 – $229,564 |
| 10+ years (Top Earner) | $229,564 – $358,399 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Bloomington
With a total of 60 financial advisors employed in the Bloomington area, the job market reveals a stable demand for financial planning services. The cost of living index sits at 93.537, indicating a slightly lower-than-average cost compared to national standards, which enhances the purchasing power of financial advisors in the region. Among local employers, wirehouse firms such as Morgan Stanley and Merrill Lynch typically offer higher compensation packages, but independent broker-dealers and RIAs are emerging as prominent contenders, especially those emphasizing fiduciary practices. The variability in financial advisor pay in Bloomington is influenced by factors like the advisor's AUM book size, fee models, and advanced credentials such as CFP or CFA designations. Aspiring financial advisors should consider targeting high-net-worth clients and exploring opportunities with RIAs that prioritize fiduciary duties, as these strategies can substantially enhance their income potential in Bloomington's evolving financial landscape.
More salary data for Bloomington, 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 $141,070 for financial advisorsin the Bloomington 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
Source: BLS, OEWS, 6-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