Financial Advisor Salary in Maryland: $103,006 (2026)
Quick Answer:Across Maryland's 27 metropolitan areas, the average median financial advisor pay sits at $103,006/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Maryland sits at BEA RPP 109.3 (9% above the U.S. baseline), that statewide median translates to roughly $94,242 in nationally-comparable purchasing power. Highest-paying metros: Aspen Hill ($116,436), Gaithersburg ($115,681), Germantown ($115,599).
In Maryland, financial advisors can expect an average median salary of $103,007 in 2026, which is slightly below the national median of $108,537, reflecting a 5.1% difference. The gap in salaries between the highest paying city, Aspen Hill at $120,278, and the lowest paying city, Salisbury at $92,030, underscores regional economic disparities. Factors driving this difference include local demand for financial services, cost of living, and client demographics. Maryland’s financial advisors must adhere to state licensing requirements and navigate specific scope of practice laws that can influence their ability to operate in various capacities. The projected job market for financial advisors shows an annual compound growth rate of 3.30%, suggesting a steady demand for financial planning services. The top five locations for financial advisors in Maryland by 2026 projected salaries are Aspen Hill, Gaithersburg at $119,498, Germantown at $119,414, Ellicott City at $119,141, and Waldorf at $119,019. This distribution indicates that urban centers generally provide higher earning potential due to a larger client base and more affluent populations. Overall, the financial advisory role in Maryland presents stable opportunities for growth and advancement in the coming years.
Maryland Financial Advisor Salary Range
Overall salary range in Maryland: $46,516 (lowest entry-level) to $426,412 (highest top earner)
Maryland vs National Average
Maryland financial advisors earn 5.1% less than the national median ($-5,531/year difference).
Maryland Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Maryland range from $50,973 (entry-level, 10th percentile) to $403,720 (top earners, 90th percentile), with a median of $103,006. The Maryland median is $5,531 below the US national median of $108,537. The average hourly rate is $49.52/hr. Approximately 3,623 financial advisors are employed across 27 cities.
2019 BLS Actual
$81,901
2025 BLS Actual
$99,716
2026 Current Est.
$103,006
2019–2027 Growth
+29.9%
Salary Trajectory for Financial Advisors in Maryland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,901 | Actual |
| 2020 | $81,484 | Actual |
| 2021 | $94,936 | Actual |
| 2022 | $94,779 | Actual |
| 2023 | $98,172 | Actual |
| 2024 | $114,074 | Actual |
| 2025 | $99,716 | Actual |
| 2026(current) | $103,006 | Estimated |
| 2027 | $106,406 | Projected |
Based on 7 years of BLS OEWS data for the Maryland metropolitan area, the median financial advisor salary grew 21.8% from $81,901 (2019) to $99,716 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $106,406 by 2027 — a total increase of $24,505 (29.92%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Maryland 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 Maryland
Lowest Paying Cities in Maryland
| City | Median Salary |
|---|---|
| Salisbury | $92,030 |
| Hagerstown | $95,418 |
| Towson | $101,839 |
| Baltimore | $102,236 |
| Columbia | $104,080 |
Best Value Cities for Financial Advisors in Maryland
When adjusted for local cost of living, these Maryland cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Aspen Hill | $120,278 | 109.3 | $110,044 |
| Gaithersburg | $119,498 | 109.3 | $109,330 |
| Germantown | $119,414 | 109.3 | $109,253 |
| Ellicott City | $119,141 | 109.3 | $109,004 |
| Waldorf | $119,019 | 109.3 | $108,892 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Maryland
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $50,973 |
| Mid Career (3-7 years) | $103,006 |
| Experienced (7+ years) | $403,720 |
Estimates based on BLS percentile data averaged across Maryland metro areas. Individual pay varies by employer, certifications, and specialization.
All 27 Cities in Maryland
| # | City | Median Salary |
|---|---|---|
| 1 | Aspen Hill | $120,278 |
| 2 | Gaithersburg | $119,498 |
| 3 | Germantown | $119,414 |
| 4 | Ellicott City | $119,141 |
| 5 | Waldorf | $119,019 |
| 6 | Wheaton | $118,615 |
| 7 | Bowie | $118,051 |
| 8 | Glen Burnie | $117,686 |
| 9 | Frederick | $116,060 |
| 10 | Annapolis | $116,035 |
| 11 | Severn | $116,032 |
| 12 | College Park | $115,804 |
| 13 | Rockville | $115,656 |
| 14 | Silver Spring | $115,599 |
| 15 | Potomac | $115,049 |
| 16 | Bethesda | $114,584 |
| 17 | Dundalk | $114,584 |
| 18 | Odenton | $114,194 |
| 19 | Catonsville | $113,264 |
| 20 | Laurel | $112,693 |
| 21 | Greenbelt | $112,321 |
| 22 | Cumberland | $109,806 |
| 23 | Columbia | $104,080 |
| 24 | Baltimore | $102,236 |
| 25 | Towson | $101,839 |
| 26 | Hagerstown | $95,418 |
| 27 | Salisbury | $92,030 |
More Maryland Salary Data
Hourly Rates
Explore financial advisor hourly pay in Maryland cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Compare Cities in Maryland
View all comparisons →Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Maryland in 2026?
What is the highest paying city for financial advisors in Maryland?
How does Maryland financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Maryland?
How many financial advisors are employed in Maryland?
Which Maryland 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 Maryland. State averages are employment-weighted across 27 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