Financial Advisor Salary in Lawrence, IN: $77,484 (2026)
Quick Answer:A full-time financial advisor in Lawrence, IN earns a median $77,484/year (≈ $37.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Lawrence's price level (9% below national, BEA RPP 91.3), that paycheck buys what $84,867 would nationally. Nominal pay sits 4.3% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Lawrence, Indiana are projected to earn a median annual salary of $77,484, significantly lower than the national median of $108,537. The salary range for these professionals spans from $44,941 at the 10th percentile to $120,101 at the 90th percentile, indicating a diverse earnings potential based on experience and client engagement. These figures, drawn from estimates based on 2025 BLS data, reflect local economic conditions, including a cost of living index of 91.3, suggesting that salaries in Lawrence have less purchasing power compared to the national average. As the demand for fee-only fiduciaries continues to grow, this may influence compensation structures for financial advisors, particularly those holding the CFP designation.
About the Lawrence Market
Salary estimated from Indiana average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,941 | $21.61 |
| Lower Range (P25) | $55,788 | $26.82 |
| Median (P50)(typical) | $77,484 | $37.25 |
| Upper Range (P75) | $99,180 | $47.68 |
| Top Earners (P90) | $120,101 | $57.74 |
Median Salary Position
28.61% below the national average
2026 Salary Percentile Distribution in Lawrence
In Lawrence, IN, the financial advisor salary spread from the 10th to 90th percentile is $75,160 (2026 est.). At $77,484, the local median is 28.61% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Lawrence: You'd be in the lower-middle range
How Lawrence Financial Advisor Pay Compares
Lawrence median: $77,484/year (2026)
| Compared To | Median Salary | Lawrence Pays |
|---|---|---|
| Indiana Average | $80,966 | -4.30% less |
| National Average | $108,537 | -28.61% less |
Financial Advisors in Lawrence, IN earn a median of $77,484 per year (2026 est.), which is 28.61% lower than the national median of $108,537 and 4.30% below the Indiana state average of $80,966.
Cost-of-Living Adjusted Salary
Lawrence 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.
Lawrence, IN has a cost-of-living index of 91.3 (below the national average of 100). A financial advisor earning $77,484 nominally has purchasing power equivalent to $84,867 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$62,716
2025 BLS Actual
$75,009
2026 Current Est.
$77,484
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Lawrence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,716 | Actual |
| 2020 | $63,772 | Actual |
| 2021 | $67,228 | Actual |
| 2022 | $68,098 | Actual |
| 2023 | $71,090 | Actual |
| 2024 | $76,864 | Actual |
| 2025 | $75,009 | Actual |
| 2026(current) | $77,484 | Estimated |
| 2027 | $80,041 | Projected |
Based on 7 years of BLS OEWS data for the Lawrence metropolitan area, the median financial advisor salary grew 19.6% from $62,716 (2019) to $75,009 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $80,041 by 2027 — a total increase of $17,325 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lawrence 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) | $44,941 – $55,788 |
| 3-5 years (Mid Career) | $55,788 – $77,484 |
| 5+ years (Experienced) | $77,484 – $99,180 |
| 10+ years (Top Earner) | $99,180 – $120,101 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Lawrence
The local employment market for financial advisors in Lawrence is relatively small, with only 10 advisors currently operating in the area. While the cost of living may be lower than the national average, it poses challenges for take-home purchasing power, influencing how much financial advisors can earn and keep. Among the various employers, wirehouses such as Merrill Lynch and UBS often pay higher salaries, particularly for advisors managing substantial assets, while independent RIAs focusing on fiduciary services can also offer competitive compensation due to an AUM-based fee model. The earnings disparity, with some advisors being compensated much higher than their peers, can be attributed to factors such as client concentration, the CFP credential premium, and the type of fee structures employed. To maximize pay in Lawrence, advisors should aim to build a robust client base, enhance their credentials, and consider specializing in high-net-worth clients or transitioning from commission-based roles to fiduciary practices.
More salary data for Lawrence, 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 $75,009 for financial advisorsin the Lawrence 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 Lawrence 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