Financial Advisor Salary in Franklin, IN: $79,622 (2026)
Quick Answer:A full-time financial advisor in Franklin, IN earns a median $79,622/year (≈ $38.28/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Franklin's price level (9% below national, BEA RPP 91.3), that paycheck buys what $87,209 would nationally. Nominal pay sits 1.7% below the Indiana state average.
Based on BLS state-level estimates · View source
Financial advisors in Franklin, Indiana, have a projected median annual salary of $79,622 in 2026, reflecting a notable contrast with the national median of $108,537. This figure falls within a salary range spanning from $46,180 at the lower end (P10) to $123,414 at the upper end (P90). These estimates are based on 2025 BLS data, adjusted for regional cost factors, which places Franklin's financial advisor compensation approximately 26.64% lower than the national average. The local job market, though limited with only six financial advisors currently employed, is seeing a gradual shift towards fee-only fiduciary models, particularly amongst advisors with the CFP credential, driving a higher value for their services as clients increasingly prefer transparency and personalized financial planning.
About the Franklin Market
Salary estimated from Indiana average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,180 | $22.20 |
| Lower Range (P25) | $57,327 | $27.56 |
| Median (P50)(typical) | $79,622 | $38.28 |
| Upper Range (P75) | $101,916 | $49.00 |
| Top Earners (P90) | $123,414 | $59.34 |
Median Salary Position
26.64% below the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, IN, the financial advisor salary spread from the 10th to 90th percentile is $77,234 (2026 est.). At $79,622, the local median is 26.64% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Financial Advisor Pay Compares
Franklin median: $79,622/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| Indiana Average | $80,999 | -1.70% less |
| National Average | $108,537 | -26.64% less |
Financial Advisors in Franklin, IN earn a median of $79,622 per year (2026 est.), which is 26.64% lower than the national median of $108,537 and 1.70% below the Indiana state average of $80,999.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, IN has a cost-of-living index of 91.3 (below the national average of 100). A financial advisor earning $79,622 nominally has purchasing power equivalent to $87,209 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$64,446
2025 BLS Actual
$77,078
2026 Current Est.
$79,622
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $64,446 | Actual |
| 2020 | $65,531 | Actual |
| 2021 | $69,082 | Actual |
| 2022 | $69,977 | Actual |
| 2023 | $73,051 | Actual |
| 2024 | $78,984 | Actual |
| 2025 | $77,078 | Actual |
| 2026(current) | $79,622 | Estimated |
| 2027 | $82,249 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median financial advisor salary grew 19.6% from $64,446 (2019) to $77,078 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $82,249 by 2027 — a total increase of $17,803 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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) | $46,180 – $57,327 |
| 3-5 years (Mid Career) | $57,327 – $79,622 |
| 5+ years (Experienced) | $79,622 – $101,916 |
| 10+ years (Top Earner) | $101,916 – $123,414 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Franklin
In terms of the local job market, the cost of living index in Franklin sits at 91.3, indicating that living expenses are below the national average. This lower cost of living may enhance the purchasing power for financial advisors, although it remains crucial to evaluate employer options. Firms such as Morgan Stanley or Wells Fargo Advisors typically offer competitive salaries, yet independent Registered Investment Advisors (RIAs) can provide incentives through equity participation and higher commission models. The disparity in financial advisor pay in Franklin IN can largely be traced back to factors like assets under management (AUM), fee structures, and client concentration. Advisors seeking to maximize their pay should focus on building a strong AUM base while considering the potential benefits of attaining additional credentials like the CFP or CFA, which can lead to higher client trust and better service offerings.
More salary data for Franklin, IN:
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 $77,078 for financial advisorsin the Franklin 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 Franklin 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