Financial Advisor Salary in Annapolis, MD: $116,035 (2026)
Quick Answer:A full-time financial advisor in Annapolis, MD earns a median $116,035/year (≈ $55.78/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Annapolis's price level (9% above national, BEA RPP 109.3), that paycheck buys what $106,162 would nationally. Nominal pay sits 2.2% below the Maryland state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Annapolis, Maryland, can expect a median annual salary of $116,035, which is about 6.91% higher than the national median of $108,537. The salary range is notable, spanning from $67,300 at the lower end (P10) to $179,854 at the upper end (P90), reflecting the diverse compensation landscape for this role. Estimates derived from BLS state-level data and regional price adjustments indicate a healthy job market for financial advisors in the area. With a growing trend toward fiduciary fee-only advisory models, particularly among those holding the esteemed CFP credential, Annapolis positions itself as a competitive market for skilled financial planners.
About the Annapolis Market
Salary estimated from Maryland average ($125,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $67,300 | $32.35 |
| Lower Range (P25) | $83,545 | $40.16 |
| Median (P50)(typical) | $116,035 | $55.78 |
| Upper Range (P75) | $148,525 | $71.41 |
| Top Earners (P90) | $179,854 | $86.47 |
Median Salary Position
6.91% above the national average
2026 Salary Percentile Distribution in Annapolis
In Annapolis, MD, the financial advisor salary spread from the 10th to 90th percentile is $112,554 (2026 est.). At $116,035, the local median is 6.91% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Annapolis: You'd be in the lower-middle range
How Annapolis Financial Advisor Pay Compares
Annapolis median: $116,035/year (2026)
| Compared To | Median Salary | Annapolis Pays |
|---|---|---|
| Maryland Average | $118,645 | -2.20% less |
| National Average | $108,537 | +6.91% more |
Financial Advisors in Annapolis, MD earn a median of $116,035 per year (2026 est.), which is 6.91% higher than the national median of $108,537 and 2.20% below the Maryland state average of $118,645.
Cost-of-Living Adjusted Salary
Annapolis has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Annapolis, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $116,035 is competitive, the higher cost of living reduces purchasing power to an effective $106,162 — a 8.51% reduction.
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2019 BLS Actual
$93,918
2025 BLS Actual
$112,328
2026 Current Est.
$116,035
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Annapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $93,918 | Actual |
| 2020 | $95,501 | Actual |
| 2021 | $100,675 | Actual |
| 2022 | $101,979 | Actual |
| 2023 | $106,459 | Actual |
| 2024 | $133,634 | Actual |
| 2025 | $112,328 | Actual |
| 2026(current) | $116,035 | Estimated |
| 2027 | $119,864 | Projected |
Based on 7 years of BLS OEWS data for the Annapolis metropolitan area, the median financial advisor salary grew 19.6% from $93,918 (2019) to $112,328 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $119,864 by 2027 — a total increase of $25,946 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Annapolis 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) | $67,300 – $83,545 |
| 3-5 years (Mid Career) | $83,545 – $116,035 |
| 5+ years (Experienced) | $116,035 – $148,525 |
| 10+ years (Top Earner) | $148,525 – $179,854 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Annapolis
Despite the promising figures, the local job market hosts only six employed financial advisors, highlighting the competitive nature of the field. With a cost of living index of 109.3, which is above the national average, advisors may find that their take-home pay doesn't stretch as far as it might elsewhere. Notably, employers like Morgan Stanley and Merrill Lynch often provide the highest compensation, particularly to those with significant assets under management (AUM) and valuable credentials. The disparity between earnings at wirehouses and independent RIAs can stem from different fee models—fees based on a percentage of AUM versus commissions—while client base and engagement strategies significantly affect overall pay. For those looking to maximize their earnings in Annapolis, prioritizing fiduciary practices, obtaining CFP or CFA credentials, and building a solid high-net-worth client base will be key strategies moving forward.
More salary data for Annapolis, MD:
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 $112,328 for financial advisorsin the Annapolis 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 Annapolis 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