Financial Advisor Salary in Franklin, MA: $124,619 (2026)
Quick Answer:A full-time financial advisor in Franklin, MA earns a median $124,619/year (≈ $59.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Franklin's price level (9% above national, BEA RPP 108.5), that paycheck buys what $114,856 would nationally. Nominal pay sits 4.7% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Franklin, Massachusetts, the financial advisor salary is projected to be around $124,619 in 2026, which reflects a promising outlook for professionals securing either a CFP credential or those adhering to a fee-only model. The earning potential is significant, ranging from $72,279 at the lower end to $193,160 for the top earners. These figures are derived from estimates based on 2025 BLS data and regional price adjustments, underscoring the growing trend among fiduciaries who seek to align their compensation with client outcomes. As Franklin increasingly embraces fee-only financial planning, the local market is becoming more competitive, paving the way for a dynamic employment environment where skilled advisors can thrive.
About the Franklin Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $72,279 | $34.75 |
| Lower Range (P25) | $89,725 | $43.14 |
| Median (P50)(typical) | $124,619 | $59.91 |
| Upper Range (P75) | $159,513 | $76.69 |
| Top Earners (P90) | $193,160 | $92.87 |
Median Salary Position
14.82% above the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, MA, the financial advisor salary spread from the 10th to 90th percentile is $120,881 (2026 est.). At $124,619, the local median is 14.82% above 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: $124,619/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| Massachusetts Average | $130,765 | -4.70% less |
| National Average | $108,537 | +14.82% more |
Financial Advisors in Franklin, MA earn a median of $124,619 per year (2026 est.), which is 14.82% higher than the national median of $108,537 and 4.70% below the Massachusetts state average of $130,765.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $124,619 is competitive, the higher cost of living reduces purchasing power to an effective $114,856 — a 7.83% reduction.
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2019 BLS Actual
$100,867
2025 BLS Actual
$120,638
2026 Current Est.
$124,619
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 | $100,867 | Actual |
| 2020 | $102,566 | Actual |
| 2021 | $108,123 | Actual |
| 2022 | $109,524 | Actual |
| 2023 | $114,335 | Actual |
| 2024 | $157,240 | Actual |
| 2025 | $120,638 | Actual |
| 2026(current) | $124,619 | Estimated |
| 2027 | $128,731 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median financial advisor salary grew 19.6% from $100,867 (2019) to $120,638 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $128,731 by 2027 — a total increase of $27,864 (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) | $72,279 – $89,725 |
| 3-5 years (Mid Career) | $89,725 – $124,619 |
| 5+ years (Experienced) | $124,619 – $159,513 |
| 10+ years (Top Earner) | $159,513 – $193,160 |
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
With only eight financial advisors currently working in the area, the local job market remains relatively small, yet this provides a unique opportunity for those entering the profession. The cost-of-living index of 108.5 suggests that while salaries are higher than the national average, living expenses in Franklin are also elevated, impacting discretionary income. Employers such as Morgan Stanley and Wells Fargo Advisors, known for higher compensation structures, along with independent broker-dealers and RIAs like LPL and Raymond James, are likely to offer competitive pay. The disparity in earnings often stems from factors like client asset management levels, fee structures, CFP or CFA credentials, and the nature of clientele. Advisors emphasizing fiduciary practices and those with established HNW (high-net-worth) client bases may find better remuneration by focusing on holistic financial advice, thereby maximizing their earning potential in this evolving market.
More salary data for Franklin, MA:
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 $120,638 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