Financial Advisor Salary in Minnesota: $103,311 (2026)
Quick Answer:Across Minnesota's 44 metropolitan areas, the average median financial advisor pay sits at $103,311/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 13-2052. Because Minnesota sits at BEA RPP 98.5 (1% below the U.S. baseline), that statewide median translates to roughly $104,884 in nationally-comparable purchasing power. Highest-paying metros: Minneapolis ($103,410), St. Paul ($102,372), Bloomington ($101,578).
In Minnesota, financial advisors earn an average median salary of $103,311 for 2026, which is approximately 4.8% lower than the national median of $108,537. The highest-paying city is Minneapolis, where salaries reach $106,823, while St. Cloud offers the lowest salaries at $80,088, resulting in a $26,735 disparity between these locations. This difference can be attributed to variations in the cost of living, demand for financial services, and the concentration of affluent populations in the Twin Cities. Minnesota’s financial advisors must comply with state licensing requirements and follow specific scope of practice laws, which can influence their earning potential. Additionally, the state sees demand driven by a growing economy and an increasing number of individuals seeking personalized financial advice. The job market reflects a solid outlook with a projected growth rate of 3.30% annually, indicating healthy opportunities for entering and advancing within the profession. Alongside Minneapolis, other cities like St. Paul at $105,750, Bloomington at $104,930, Rochester at $98,424, and Maple Grove at $86,252 contribute to a diverse employment landscape for financial advisors across the state.
Minnesota Financial Advisor Salary Range
Overall salary range in Minnesota: $42,849 (lowest entry-level) to $336,789 (highest top earner)
Minnesota vs National Average
Minnesota financial advisors earn 4.81% less than the national median ($-5,226/year difference).
Minnesota Financial Advisor Salary Distribution (2026)
Financial Advisor salaries in Minnesota range from $49,068 (entry-level, 10th percentile) to $307,852 (top earners, 90th percentile), with a median of $103,311. The Minnesota median is $5,226 below the US national median of $108,537. The average hourly rate is $49.66/hr. Approximately 5,042 financial advisors are employed across 44 cities.
2019 BLS Actual
$82,201
2025 BLS Actual
$100,011
2026 Current Est.
$103,311
2019–2027 Growth
+29.8%
Salary Trajectory for Financial Advisors in Minnesota (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $82,201 | Actual |
| 2020 | $103,369 | Actual |
| 2021 | $79,842 | Actual |
| 2022 | $89,258 | Actual |
| 2023 | $100,350 | Actual |
| 2024 | $98,929 | Actual |
| 2025 | $100,011 | Actual |
| 2026(current) | $103,311 | Estimated |
| 2027 | $106,720 | Projected |
Based on 7 years of BLS OEWS data for the Minnesota metropolitan area, the median financial advisor salary grew 21.7% from $82,201 (2019) to $100,011 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $106,720 by 2027 — a total increase of $24,519 (29.83%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minnesota 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 Minnesota
Lowest Paying Cities in Minnesota
Best Value Cities for Financial Advisors in Minnesota
When adjusted for local cost of living, these Minnesota cities offer the most purchasing power for financial advisors.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Rochester | $98,424 | 90.821 | $108,371 |
| St. Paul | $105,750 | 98.5 | $107,360 |
| Bloomington | $104,930 | 98.5 | $106,528 |
| Minneapolis | $106,823 | 104.822 | $101,909 |
| Duluth | $83,136 | 88.768 | $93,655 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Minnesota
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $49,068 |
| Mid Career (3-7 years) | $103,311 |
| Experienced (7+ years) | $307,852 |
Estimates based on BLS percentile data averaged across Minnesota metro areas. Individual pay varies by employer, certifications, and specialization.
All 44 Cities in Minnesota
| # | City | Median Salary |
|---|---|---|
| 1 | Minneapolis | $106,823 |
| 2 | St. Paul | $105,750 |
| 3 | Bloomington | $104,930 |
| 4 | Rochester | $98,424 |
| 5 | Maple Grove | $86,252 |
| 6 | Woodbury | $86,219 |
| 7 | Eden Prairie | $86,138 |
| 8 | Mankato | $85,099 |
| 9 | Owatonna | $84,477 |
| 10 | Brooklyn Park | $84,365 |
| 11 | Plymouth | $84,217 |
| 12 | Roseville | $84,167 |
| 13 | Chaska | $84,101 |
| 14 | Minnetonka | $84,082 |
| 15 | Cottage Grove | $83,988 |
| 16 | Burnsville | $83,921 |
| 17 | Lakeville | $83,611 |
| 18 | Chanhassen | $83,552 |
| 19 | Inver Grove Heights | $83,421 |
| 20 | Eagan | $83,409 |
| 21 | Brooklyn Center | $83,388 |
| 22 | Elk River | $83,374 |
| 23 | Prior Lake | $83,289 |
| 24 | Duluth | $83,136 |
| 25 | Ramsey | $82,985 |
| 26 | Blaine | $82,634 |
| 27 | Apple Valley | $82,506 |
| 28 | Shakopee | $82,423 |
| 29 | Coon Rapids | $82,411 |
| 30 | Savage | $82,278 |
| 31 | Edina | $82,269 |
| 32 | Maplewood | $82,027 |
| 33 | Andover | $82,008 |
| 34 | Richfield | $81,968 |
| 35 | St. Louis Park | $81,961 |
| 36 | Moorhead | $81,843 |
| 37 | Northfield | $81,251 |
| 38 | Hastings | $81,077 |
| 39 | Fridley | $80,713 |
| 40 | Winona | $80,647 |
| 41 | Shoreview | $80,614 |
| 42 | Austin | $80,488 |
| 43 | Faribault | $80,386 |
| 44 | St. Cloud | $80,088 |
More Minnesota Salary Data
Hourly Rates
Explore financial advisor hourly pay in Minnesota cities.
Senior / Experienced
Top earner salaries for experienced financial advisors.
Compare Cities in Minnesota
View all comparisons →Explore More Financial Advisor Salary Data
Frequently Asked Questions
How much do financial advisors make in Minnesota in 2026?
What is the highest paying city for financial advisors in Minnesota?
How does Minnesota financial advisor pay compare to the national average?
What is the entry-level financial advisor salary in Minnesota?
How many financial advisors are employed in Minnesota?
Which Minnesota 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 Minnesota. State averages are employment-weighted across 44 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