Financial Advisor Salary in Woodridge, IL: $114,056 (2026)
Quick Answer:A full-time financial advisor in Woodridge, IL earns a median $114,056/year (≈ $54.83/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Woodridge's price level (3% below national, BEA RPP 97.1), that paycheck buys what $117,462 would nationally. Nominal pay sits 1.7% below the Illinois state average.
Based on BLS state-level estimates · View source
For financial advisors in Woodridge, IL, the 2026 median annual salary is projected to be $114,056, which exceeds the national median of $108,537 by 5.08%. The salary range reflects a significant variation in earnings, with the 10th percentile earning around $66,152 and the 90th percentile reaching up to $176,787. These figures are based on estimates derived from 2025 BLS data adjusted for local economic conditions. The growing presence of fee-only fiduciary firms underscores an industry shift towards more transparent financial advisor compensation. This trend positions Woodridge as an appealing market for advisors who prioritize certification and fiduciary service, especially those with a Certified Financial Planner (CFP) credential.
About the Woodridge Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $66,152 | $31.81 |
| Lower Range (P25) | $82,120 | $39.48 |
| Median (P50)(typical) | $114,056 | $54.83 |
| Upper Range (P75) | $145,991 | $70.19 |
| Top Earners (P90) | $176,787 | $85.00 |
Median Salary Position
5.08% above the national average
2026 Salary Percentile Distribution in Woodridge
In Woodridge, IL, the financial advisor salary spread from the 10th to 90th percentile is $110,635 (2026 est.). At $114,056, the local median is 5.08% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Woodridge: You'd be in the lower-middle range
How Woodridge Financial Advisor Pay Compares
Woodridge median: $114,056/year (2026)
| Compared To | Median Salary | Woodridge Pays |
|---|---|---|
| Illinois Average | $116,028 | -1.70% less |
| National Average | $108,537 | +5.08% more |
Financial Advisors in Woodridge, IL earn a median of $114,056 per year (2026 est.), which is 5.08% higher than the national median of $108,537 and 1.70% below the Illinois state average of $116,028.
Cost-of-Living Adjusted Salary
Woodridge 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.
Woodridge, IL has a cost-of-living index of 97.1 (below the national average of 100). A financial advisor earning $114,056 nominally has purchasing power equivalent to $117,462 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$92,316
2025 BLS Actual
$110,412
2026 Current Est.
$114,056
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Woodridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $92,316 | Actual |
| 2020 | $93,872 | Actual |
| 2021 | $98,958 | Actual |
| 2022 | $100,240 | Actual |
| 2023 | $104,643 | Actual |
| 2024 | $109,714 | Actual |
| 2025 | $110,412 | Actual |
| 2026(current) | $114,056 | Estimated |
| 2027 | $117,819 | Projected |
Based on 7 years of BLS OEWS data for the Woodridge metropolitan area, the median financial advisor salary grew 19.6% from $92,316 (2019) to $110,412 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $117,819 by 2027 — a total increase of $25,503 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Woodridge 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) | $66,152 – $82,120 |
| 3-5 years (Mid Career) | $82,120 – $114,056 |
| 5+ years (Experienced) | $114,056 – $145,991 |
| 10+ years (Top Earner) | $145,991 – $176,787 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Woodridge
In Woodridge, the job market is relatively small, with only nine financial advisors currently employed. The cost of living index stands at 97.1, providing a more favorable take-home purchasing power compared to many other regions. Among local employers, wirehouses like Morgan Stanley and Wells Fargo Advisors typically offer higher salaries, although independent registered investment advisors (RIAs) may provide strong incentives through greater equity and lower client acquisition costs. The variations in financial advisor pay in Woodridge stem from several factors, such as the size of assets under management, the fee model of the firm, and the concentration of high-net-worth clients. For advisors looking to boost their compensation in this area, focusing on obtaining certifications like the CFP or CFA, building a substantial AUM book, and considering a shift to an advisory firm with a fiduciary standard can lead to higher earnings.
More salary data for Woodridge, 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 $110,412 for financial advisorsin the Woodridge 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 Woodridge 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