Financial Advisor Salary in Eden Prairie, MN: $86,138 (2026)
Quick Answer:A full-time financial advisor in Eden Prairie, MN earns a median $86,138/year (≈ $41.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Eden Prairie's price level (1% below national, BEA RPP 98.5), that paycheck buys what $87,450 would nationally. Nominal pay sits 1.2% above the Minnesota state average.
Based on BLS state-level estimates · View source
In Eden Prairie, Minnesota, financial advisors can expect to earn a median annual salary of $86,138 in 2026, which reflects the local market's competitive position but remains below the national average of $108,537. Salaries for financial advisors in this area range from $49,960 at the 10th percentile to $133,513 at the 90th percentile, illustrating a diverse compensation spectrum that caters to various levels of experience and client bases. These figures, derived from 2025 BLS data and adjusted for regional economic conditions, highlight the growing demand for financial planning professionals who are increasingly adopting a fee-only fiduciary model. In this evolving landscape, the Certified Financial Planner (CFP) designation stands as a valuable asset for those looking to enhance their earning potential and attract higher-net-worth clients in Eden Prairie's market.
About the Eden Prairie Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,960 | $24.02 |
| Lower Range (P25) | $62,019 | $29.81 |
| Median (P50)(typical) | $86,138 | $41.41 |
| Upper Range (P75) | $110,256 | $53.00 |
| Top Earners (P90) | $133,513 | $64.19 |
Median Salary Position
20.64% below the national average
2026 Salary Percentile Distribution in Eden Prairie
In Eden Prairie, MN, the financial advisor salary spread from the 10th to 90th percentile is $83,553 (2026 est.). At $86,138, the local median is 20.64% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Eden Prairie: You'd be in the lower-middle range
How Eden Prairie Financial Advisor Pay Compares
Eden Prairie median: $86,138/year (2026)
| Compared To | Median Salary | Eden Prairie Pays |
|---|---|---|
| Minnesota Average | $85,116 | +1.20% more |
| National Average | $108,537 | -20.64% less |
Financial Advisors in Eden Prairie, MN earn a median of $86,138 per year (2026 est.), which is 20.64% lower than the national median of $108,537 and 1.20% above the Minnesota state average of $85,116.
Cost-of-Living Adjusted Salary
Eden Prairie has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Eden Prairie, MN has a cost-of-living index of 98.5 (below the national average of 100). A financial advisor earning $86,138 nominally has purchasing power equivalent to $87,450 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$69,720
2025 BLS Actual
$83,386
2026 Current Est.
$86,138
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Eden Prairie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $69,720 | Actual |
| 2020 | $70,894 | Actual |
| 2021 | $74,736 | Actual |
| 2022 | $75,704 | Actual |
| 2023 | $79,029 | Actual |
| 2024 | $107,679 | Actual |
| 2025 | $83,386 | Actual |
| 2026(current) | $86,138 | Estimated |
| 2027 | $88,980 | Projected |
Based on 7 years of BLS OEWS data for the Eden Prairie metropolitan area, the median financial advisor salary grew 19.6% from $69,720 (2019) to $83,386 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $88,980 by 2027 — a total increase of $19,260 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Eden Prairie 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) | $49,960 – $62,019 |
| 3-5 years (Mid Career) | $62,019 – $86,138 |
| 5+ years (Experienced) | $86,138 – $110,256 |
| 10+ years (Top Earner) | $110,256 – $133,513 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Eden Prairie
With only 11 financial advisors currently employed in Eden Prairie, competition for top-tier positions is balanced by the relatively low cost of living, reflected in the area's cost-of-living index of 98.5, which is slightly below the national average. This index equates to a more favorable take-home salary, allowing advisors to enjoy a comfortable lifestyle compared to cities with higher living costs. Earnings can vary significantly based on employment type, with wirehouses like Morgan Stanley and Merrill Lynch typically offering higher salaries to advisors than independent broker-dealers or registered investment advisors (RIAs). Various factors contribute to this pay disparity, including assets under management (AUM), the fee structures employed by advisors, and the presence of high-net-worth clients. Advisors seeking to maximize their financial advisor pay in Eden Prairie, MN, should focus on gaining advanced credentials like the CFP or CFA, building strong client relationships, and exploring strategic partnerships to boost their asset management capabilities.
More salary data for Eden Prairie, MN:
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 $83,386 for financial advisorsin the Eden Prairie 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 Eden Prairie 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