Financial Advisor Salary in Indiana: $95,425 (2026)
Quick Answer:Across Indiana's 43 metropolitan areas, the average median financial advisor pay sits at $95,425/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Indiana sits at BEA RPP 91.3 (9% below the U.S. baseline), that statewide median translates to roughly $104,518 in nationally-comparable purchasing power. Highest-paying metros: Indianapolis ($102,640), Carmel ($101,741), Greenwood ($100,509).
In 2026, financial advisors in Indiana are projected to earn an average median salary of $95,425, which is 12.1% lower than the national median of $108,537. Salary disparities across the state are notable; for instance, financial advisors in Indianapolis can expect to earn $106,027, while those in Terre Haute earn substantially less at $50,317. This difference may be driven by variations in the local economy, client demographic, and industry presence. Indiana has specific state licensing requirements and laws that can influence the scope of practice for financial advisors. These factors, combined with a growing demand for financial advice among both individuals and businesses, contribute to the state’s job market strength in this field. The projected annual growth rate for financial advisor positions in Indiana is 3.30%, reflecting increasing opportunities for new and experienced professionals alike. Other key cities include Carmel with a projected salary of $105,098, Greenwood at $103,826, Kokomo at $100,645, and Bloomington at $97,143. This salary range highlights the importance of location in determining potential earnings for financial professionals in the state. As the financial advisory sector continues to evolve, those in Indiana can expect a positive job outlook and various opportunities for growth in their careers.
Indiana Financial Advisor Salary Range
Overall salary range in Indiana: $42,849 (lowest entry-level) to $440,244 (highest top earner)
Indiana vs National Average
Indiana financial advisors earn 12.08% less than the national median ($-13,112/year difference).
Indiana Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Indiana range from $46,260 (entry-level, 10th percentile) to $351,384 (top earners, 90th percentile), with a median of $95,425. The Indiana median is $13,112 below the US national median of $108,537. The average hourly rate is $45.88/hr. Approximately 4,020 financial advisors are employed across 43 cities.
2019 BLS Actual
$98,903
2025 BLS Actual
$92,377
2026 Current Est.
$95,425
2019–2027 Growth
+-0.3%
Salary Trajectory for Financial Advisors in Indiana (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $98,903 | Actual |
| 2020 | $89,301 | Actual |
| 2021 | $77,568 | Actual |
| 2022 | $84,810 | Actual |
| 2023 | $103,019 | Actual |
| 2024 | $96,796 | Actual |
| 2025 | $92,377 | Actual |
| 2026(current) | $95,425 | Estimated |
| 2027 | $98,574 | Projected |
Based on 7 years of BLS OEWS data for the Indiana metropolitan area, the median financial advisor salary grew -6.6% from $98,903 (2019) to $92,377 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $98,574 by 2027 — a total increase of $-329 (-0.33%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Indiana 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.
Top 5 Highest Paying Cities in Indiana
Lowest Paying Cities in Indiana
| City | Median Salary |
|---|---|
| Terre Haute | $50,317 |
| Michigan City | $62,486 |
| Muncie | $68,839 |
| Munster | $74,522 |
| Mishawaka | $75,980 |
Best Value Cities for Financial Advisors in Indiana
When adjusted for local cost of living, these Indiana cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Carmel | $105,098 | 91.3 | $115,113 |
| Greenwood | $103,826 | 91.3 | $113,720 |
| Kokomo | $100,645 | 89.648 | $112,267 |
| Indianapolis | $106,027 | 95.696 | $110,796 |
| Bloomington | $97,143 | 95.084 | $102,165 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Indiana
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $46,260 |
| Mid Career (3-7 years) | $95,425 |
| Experienced (7+ years) | $351,384 |
Estimates based on BLS percentile data averaged across Indiana metro areas. Individual pay varies by employer, certifications, and specialization.
All 43 Cities in Indiana
| # | City | Median Salary |
|---|---|---|
| 1 | Indianapolis | $106,027 |
| 2 | Carmel | $105,098 |
| 3 | Greenwood | $103,826 |
| 4 | Kokomo | $100,645 |
| 5 | Bloomington | $97,143 |
| 6 | Lafayette | $84,086 |
| 7 | Fort Wayne | $83,342 |
| 8 | West Lafayette | $82,771 |
| 9 | Noblesville | $81,892 |
| 10 | Evansville | $81,772 |
| 11 | Gary | $81,097 |
| 12 | Fishers | $80,801 |
| 13 | Columbus | $80,212 |
| 14 | Plainfield | $80,037 |
| 15 | Valparaiso | $79,892 |
| 16 | Westfield | $79,634 |
| 17 | Franklin | $79,622 |
| 18 | Schererville | $79,446 |
| 19 | Anderson | $79,166 |
| 20 | Richmond | $78,817 |
| 21 | Hammond | $78,781 |
| 22 | Marion | $78,277 |
| 23 | Portage | $78,232 |
| 24 | East Chicago | $78,195 |
| 25 | New Albany | $78,183 |
| 26 | Jeffersonville | $78,032 |
| 27 | Zionsville | $77,812 |
| 28 | Hobart | $77,780 |
| 29 | Elkhart | $77,754 |
| 30 | Merrillville | $77,692 |
| 31 | Granger | $77,667 |
| 32 | Lawrence | $77,484 |
| 33 | Crown Point | $77,164 |
| 34 | Shelbyville | $77,140 |
| 35 | South Bend | $76,969 |
| 36 | Brownsburg | $76,674 |
| 37 | Goshen | $76,656 |
| 38 | Avon | $76,130 |
| 39 | Mishawaka | $75,980 |
| 40 | Munster | $74,522 |
| 41 | Muncie | $68,839 |
| 42 | Michigan City | $62,486 |
| 43 | Terre Haute | $50,317 |
More Indiana Salary Data
Hourly Rates
Explore financial advisor hourly pay in Indiana cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Compare Cities in Indiana
View all comparisons →Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Indiana in 2026?
What is the highest paying city for financial advisors in Indiana?
How does Indiana financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Indiana?
How many financial advisors are employed in Indiana?
Which Indiana city offers the best value for financial advisors?
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
Statewide 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. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 financial advisor compensation across Indiana. State averages are employment-weighted across 43 metro areas — larger metro areas with more financial advisorscontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-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